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Sunday 29.03.2020 | Name days: Agija, Aldonis

Share prices plummet on stock markets over concerns for coronavirus

On Thursday, 13 February, share prices around the world plummeted as concerns over the Covid-19 coronavirus epidemic in China. London Stock Exchange index declined shortly after British Finance Minister Sajid Javid’s sudden resignation.

Latvian government to decide on dropping litigation against Parex Bank’s former owners

The assessment on whether or not Latvian government should continue or drop the litigations against former Parex Bank owners Valērijs Kargins and Viktors Krasovickis may be completed in about a month, as TV3 programme 900 seconds was told by Economy Minister Ralfs Nemiro on Monday, 10 February.

Pavels Rebenoks is unlikely to receive access to official secrets in Latvia

One of the winners of the Latvenergo council members personnel selection process, Latvian Economy Minister Ralfs Nemiro’s advisor Pāvels Rebenoks is unlikely to be provided with access to official secrets, as reported by LTV programme Panorāma on Thursday, 6 February.

Latvian Saeima increases excise tax for sweetened non-alcoholic beverages

From 2022 onward it is planned to apply increased excise tax rate on sweetened non-alcoholic beverages, as provided by amendments to the Law on Excise Duties approved by the Saeima in the last reading on Thursday, 6 February.

Latvian government approves rules for Riga and Ventspils Freeport

To ensure operations for Ventspils Freeport and Riga Freeport without jeopardizing security in the harbour or on land, Latvia’s Cabinet of Ministers approved on Tuesday, 4 February, the rules of the two of Latvia’s biggest ports and ordered ministries to clarify and correct the final redaction, as reported by Transport Ministry.

Prime Minister: there are loops in the law that can be used to prolong trials

«The difficulty is that there are loops in the law lawyers are able to use to prolong trials,» said Latvian Prime Minister Krišjānis Kariņš in an interview to LTV programme Rīta Panorāma on Wednesday, 5 February.

Purgaile: Latvia’s economy would benefit from a new bank entering the market

Latvia’s economy would benefit from some new bank entering the market, said Finance and Capital Market Commission head Santa Purgaile in an interview to LTV programme Rīta Panorāma on Tuesday, 4 February.

Manufacturing volume output in Latvia increases 2% in 2019

Compared to 2018, manufacturing volume rose by 2 %, based calendar adjusted data at constant prices in 2019. Mining and quarrying decreased by 5 %, electricity and gas supply – by 4.4 %, but industrial production output, which includes previously mentioned sectors grew by 0.8 %.

Belarusian citizen arrested in ABLV Bank money laundering case

On Saturday, 1 February, Riga City Latgale Suburb Court ruled on arresting one of the four foreign suspects in the criminal case regarding the laundering of EUR 50 million of illegally obtained funds at ABLV Bank. This person is a citizen of the Republic of Belarus.

Mārtiņš Krieķis’ secret conversations or everyone is a fool

«For [Olainfarm] council you need three people you can completely control» and «as a person without any ethics, I can help you with that» – these and other statements from lawyer Mārtiņš Krieķis can be heard in conversations published by in which he converses with people involved in «Olainfarm inheritors wars».

State Police perform a search at Rīgas namu pārvaldnieks

On Thursday, 30 January, Latvian State Police performed investigative activities at Riga municipal company LLC Rīgas namu pārvaldnieks main building on Aleksandra Čaka Street 42, as confirmed by the company’s representative Krists Leiškalns.

Economist: rising labour costs among retailers' chief challenges

This year’s biggest challenges for retailers will include the decline of numbers of residents and buyer, as well as growing labour force costs, says Swedbank economist Agnese Buceniece.

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