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Friday 06.12.2019 | Name days: Niklāvs, Niks, Nikolajs

Swedbank: 44% of parents would entrust their family budget’s planning to their child

As an experiment, 44% of adults with children aged 11 to 19 would be prepared to entrust their family’s budget planning to their child. At the same time, some of them are not confident about their child’s ability to plan finances, according to Swedbank’s Private Finances Institute’s study.

Saeima committee conceptually supports creation of a single regional gas market

Latvian Saeima’s National Economy Committee conceptually supported amendments to the Energy Law intended to prevent obstacles for the creation of a regional natural gas market.

airBaltic to commence flights to four new destinations next summer

Latvian airline airBaltic has announced plans to commence flights on new routes fro Riga to Manchester in the UK, Yerevan in Armenia, as well as Bergen and Trondheim in Norway.

NEPLP head admits mistakes in work with LTV and Latvijas Radio

Chairwoman of Latvia’s National Electronic Mass Media Council Dace Ķezbere admits having made mistakes in her work with Latvian Television and Latvijas Radio management.

Ex-Daugavpils mayor detained over suspicion of bribery and money laundering

On Wednesday, 9 October, Latvia’s Corruption Prevention and Combating Bureau detained ex-mayor of Daugavpils Rihards Eigims over suspicions of bribery and money laundering, according to information from LETA.

Estonia agrees to deepen cooperation with U.S. focusing on security

Estonian and American top diplomats have agreed to enhance cooperation between the two allied countries in a joint statement signed in Washington. the NATO member countries reaffirmed their commitment to NATO's collective defence

Latvian government fears losing EU financing for e-health system

Latvia’s Finance Ministry is worried about potentially losing the funding provided by the European Union for the country’s Single healthcare Industry’s Electronic System.

Unemployment level in Latvia down to 5.7%

At the end of September the level of registered unemployment level was 5.7% of Latvia’s economically active population, which is 0.2 percentage points less than a month prior, as reported by State Employment Agency.

Latvian parties to divide state funding: Harmony to get the lion's share

Political parties elected to the 13th Saeima will be able to receive funding from the state budget worth EUR 4 119 581 in 2020. The majority of this amount – EUR 800 000 – will be provided to Harmony, whereas the smallest amount will be provided to New Unity, which may receive EUR 416 535, according to Justice Ministry.

Packaging deposit system could be adopted in Latvia in February 2022

On Tuesday, 8 October, Saeima’s National Economy Committee supported for the third reading amendments to the Packaging Law, which provide for the adoption of a deposit system in Latvia on 1 February 2022.

US President’s Administration considers leaving Treaty on Open Skies

US President Donald Trump’s administration considers leaving the Treaty and Open Skies, which is one of the most important armament control treaties in Europe, as confirmed by U.S. House of Representatives Foreign Affairs Committee Chairman Eliot Engel.

Latvian government approves new head for FKTK; Saeima to make the final decision

On Tuesday, 8 October, Latvia’s Cabinet of Ministers supported Citadele Bank’s board member Santa Purgaile as the new head of the country’s Finance and Capital Market Commission.

Physics Nobel awarded for crucial discoveries in cosmology and astrophysics

«For contributions to our understanding of the evolution of the universe and Earth’s place in the cosmos,» two Swiss physicists and an American-Canadian cosmologist have been named on Tuesday, October 8, as the laureates of the 2019 Nobel Prize in Physics.

Inflation level in Latvia at 2.6% in September

Compared to September 2018, the average level of consumer prices in Latvia rose by 2.6 % in September 2019. Prices of goods have increased by 2.4 % and prices of services by 3.0 %.

Minister: Latvia is prepared to welcome Ukrainian political prisoners released from Russia

Latvia is prepared to provide rehabilitation services to Ukrainian political prisoners and sailors released from Russia, said Latvia’s Foreign Affairs Minister Edgars Rinkēvičs during his visit to Ukraine.


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