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Monday 14.10.2019 | Name days: Minna, Vilhelmīne

Latvian ministries issue requests for funding that reaches EUR 935.5 million

In an attempt to finance priority tasks, Latvian ministries have made requests for funding worth a total of EUR 935.5 million from the 2020 state budget, EUR 1.82 billion from the 2021 state budget, and EUR 2.14 billion from the 2022 state budget, as detailed in Finance Ministry’s report.

Freight and passenger transport volumes reduce in Latvia

Compared to the 1st half of 2018, the volume of freights carried by rail and road has decreased during the 1st half of 2019.

Swedbank code cards to remain in use for one more week

A week from now, from 9 September onward, Swedbank clients will no longer be able to use code cards to use internet banking services, Swedbank warns.

Week in Lithuania: PM admits he has lymphoma, President and experts discuss Minsk ties

Last week in Lithuania, the Prime Minister admitted suffering from lymphoma, contacts with Belarus were discussed by the Lithuanian President and experts and a permit for large mosque in Vilnius was issued.

IMF: Being slow in combating financial crimes could push Latvia to «grey list»

The International Monetary Fund has expressed concern over Latvia’s results in tackling financial crime and called for a faster implementation of Moneyval recommendations.

Latvia’s contract on buying 32 new electric trains comes into effect

For Latvian train company AS Pasažieru vilciens to buy 32 new electric trains, a contract with Czech manufacturer Škoda vagonka has entered into force after the latter submitted a collateral security for the implementation of the contract, said a representative of the Latvian firm.

Latvian average salary reaches 1 083 euros in Q2

Latvian average monthly salaries have reached 1 083 euros in quarter two of 2019, Latvian official statistics showed. In the 2nd quarter of 2019, the highest earnings among the Baltic states were registered in Estonia, namely EUR 1 419 for full-time work.

Poll: Estonians losing interest in buying alcohol in Latvia

The interest of Estonians in buying alcohol in neighbouring Latvia has decreased, as showed by the latest poll by Kantar Emor pollster, following the decisions of both Estonia and Latvia to cut their excise tax rates on alcohol.

Moscow’s Nord Stream 2 meets obstacle in Denmark

The Russian-Western European plan of the Nord Stream 2 gas pipeline has met an obstacle in Copenhagen. Danish government is seeking an additional environmental impact assessment of the 175 kilometres of it in the Danish territory.

Latvian agricultural forecasters expect crops good enough to recover after losses of 2018

Cereal crops in Latvia in 2019 are expected to be very good as evidenced by wheat crops of up to six tonnes per hectare, showed the forecasts by plant cultivation specialists at the Latvian Rural Advisory and Training Centre.

Estonia probes alleged EU fund fraud at Taltech university

Estonian prosecutors have opened criminal proceedings over possible fraud involving European Union funding in the Tallinn University of Technology on basis of whistleblower and press information, reported Estonian public broadcaster ERR.

Financial Times ranks Vilnius in top 10 of cities for fintech companies

The Lithuanian capital has been included by Financial Times outlet fDi in its Fintech Locations of the Future 2019/20 as one of the 10 leading cities able to attract foreign investment in the field as well as in cost effectiveness.

U.S. fighting its opioid crisis fines Johnson & Johnson with USD 572 million

As the U.S. seeks to contain the widespread abuse of addictive opioid medications, a judge in the state of Oklahoma has ruled Johnson & Johnson and its subsidiaries helped fuel the state’s opioid crisis and ordered the company to pay USD 572 million.

Latvian taxes should not be raised to fund ministry wishes, says FM

Latvian Finance Minister Jānis Reirs has stated that in preparing the 2020 budget, no taxes should be changed to fund the wishes by ministries, Reirs said in an interview with the LTV news programme Rīta Panorāma.

IKEA to land in Estonia from next week

Swedish furniture design and retail chain IKEA plans to enter the Estonian market on August 29. According to the firm, it would first open an online store.