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Sunday 19.05.2019 | Name days: Sibilla, Teika, Lita

Latvian government approves crowdfunding legislation

On 2 April, 2019, Latvia’s Cabinet of Ministers decided to submit to the Saeima a legislative draft on crowdfunding.

Latvian airBaltic profit grows 40% in 2018

According to the financial results for 2018, for the first time in the company’s history airBaltic has achieved EUR 400 million profit, while the net income has grown by more than 40% compared to 2017, reaching EUR 5.4 million, says the airline’s representative Alisa Briede.

Agricultural price index in Latvia up 14%; livestock price index down 4.1%

In 2018, price index of agricultural output increased by 6 %, which was mainly due to the 14 % rise in crop product prices. Price index of livestock products fell by 4.1 %.

Latvian Olainfarm shareholders meeting called off due to internal dispute

The extraordinary meeting of shareholders of Latvian pharmaceutical company Olainfarm was called off because the request for said meeting was signed by people who are not AS Olainfarm shareholders and not listed in the company’s shareholder registry, as reported by Latvia’s Finance and Capital Market Commission.

Week in Lithuania: Russia angry about ex-Soviet officers sentenced of war crimes

BNN's Lithuania weekly summary: in January 13 case, Russia razzed; funds for Trump's election campaign ex-chief might have gone through Lithuania's Swedbank; President opens a new embassy in Rome, meets Pope Francis.

Retail trade turnover in Latvia up 5.9% in February

Compared to February 2018, total retail trade turnover rose by 5.9 % in February 2019. Turnover of retail trade in food products grew by 3.4 %.

Authorities prohibit Latvian railway company from contracting Škoda Vagonka

Latvia’s Procurement Monitoring Bureau has prohibited railway company AS Pasažieru vilciens from signing a train procurement contract with Czech company Škoda Vagonka, according to published information.

Prices of coniferous round timber rose and deciduous timber fell in Latvia last year

In the 2nd half of 2018, compared to the 1st half of 2018, the average purchase prices of coniferous round timber increased, while that of deciduous trees fell.

Latvian state and municipalities prohibited by law to discriminate private businesses

The state and municipalities, if they hold decisive influence over some business sector, will not be allowed to create different competition conditions and thereby discriminate private businesses. Competition Council will monitor institutions’ and capital associations’ compliance with this measure.

European Parliament supports reducing CO2 emission reduction by 37.5% in next ten years

Members of the European Parliament have approved the agreement with EU ministers that provide for reducing the volume of greenhouse gas emissions from light vehicles and shuttle-buses by 2030, as reported by European Parliament representative in Latvia Signe Znotiņa-Znota.

Latvian state auditor: benefit from cash register reform was dubious

The country’s benefits from the cash register reform are unclear, said Latvian State Auditor Elita Krūmiņa in an interview to LNT programme 900 seconds on Monday, 25 March.

Week in Lithuania. MPs vote to give hope of release to life prisoners

The Lithuanian parliament adopted on Thursday, March 21, a package of amendments offering a hope of release to prisoners serving life sentences. The Seimas passed the package with 87 votes in favour and none against.

Latvian Olainfarm minority shareholders urged to attend shareholder meeting

Co-owners of Valerijs Maligins inheritance Nika Saveļjeva and Signe Baldere-Sildedze, as well as Annas Emīlija Maligina’s mother invite Latvian pharmaceutical company Olainfarm minority shareholders to attend an extraordinary shareholders meeting and actively propose their candidates for the council.

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