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Sunday 29.03.2020 | Name days: Agija, Aldonis

Ventas osta to cover Ventspils Freeport authority’s expenditures during transition period

The newly-founded AS Ventas osta will be covering Ventspils Freeport authority’s expenditures in order to perform the necessary management functions during the transition period, as provided by the by-laws approved by the Latvian government on 25 February.

Authorities concerned about Rimi and Maxima bread return practices

Following multiple uncovered problems with bread supply practices in retain trade, Latvia’s Competition Council has asked the largest market participants LLC Rimi Latvija and LLC Maxima Latvija to improve internal control processes, as reported by CC communication specialist Zane Gorškova.

S&P Global Rating upgrades Latvia’s credit rating to historically highest level

International credit rating agency S&P Global Rating has upgraded Latvia’s credit rating from A to A+ with stable future outlook, as mentioned in the agency’s published announcement.

Saudi Arabia provides Latvian companies stable tax regime

Latvia and Saudi Arabia have plans to provide businesses with stable tax regimes for companies working in each respective country without coverage from the other country’s regulations, as reported by Saeima’s press-service.

Latvian Saeima decides to reduce planned excise tax rise for alcohol

The increase of excise tax rate for alcoholic beverages planned for 1 March will be more moderate. This much is provided by amendments to the Law on Excise Duties approved in the final reading by the Saeima on Thursday, 20 February, as reported by Saeima’s press-service.

Highest volume of harvested grains recorded in Latvia’s history in 2019

In 2019 the highest harvested production of grain was recorded – 3.2 million tonnes, which is 1.1 million tonnes or 1.5 times more than a year ago.

European Central Bank annuls PNB Bank’s license

The European Central Bank has made a decision to liquidate PNB Bank’s license, as confirmed by Latvia’s Finance and Capital Market Commission.

Rīgas satiksme new management’s stance on contract with Rīgas karte remains unclear

Municipal public transport company LLC Rīgas satiksme’s new board offers no clarity in relation to potentially terminating the contract with LLC Rīgas karte, as Saeima’s Public Expenditures and Audit Committee was told by RS board chairperson Džineta Innusa.

FDP: economic growth may be slowed by multiple global and domestic risks

Latvia’s Fiscal Discipline Council agree on Finance Ministry’s analysis, expecting the strong effect from slowed economic growth to remain in 2020, the council says.

Land acquisition for Rail Baltica going slow in Estonia

As Estonia seeks a stretch of land across the country for the construction of the pan-Baltic railway Rail Baltica, only 32 plots of land have been acquired out of some 650 needed, Estonian public broadcaster ERR reports.

Anna Emīlija Maligina’s and Dzīvokļi.lv owned real estate in Jurmala auctioned off

A piece of land and two buildings located on Kāpu Street 60 in Jurmala jointly owned by pharmaceutical company Olainfarm’s deceased owner Valērijs Maligins’ daughter Anna Emīlija Maligina and LLC Dzīvokļi.lv have been sold at an online auction, according to information from the website.


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