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Saturday 21.07.2018 | Name days: Meldra, Meldris, Melisa

Social networks and YouTube to build database to prevent recruitment of terrorists

Largest U.S. social networking companies have stated on December 5 that they cooperate to create a joint data base with images and videos that are employed to lure users into terrorist activities.

Economist: investment inflow will be positive, but slower than last year

In Q3, the current account formed a surplus of 1.5% of the country’s GDP, according to data from the Bank of Latvia. This year’s general surplus is 1.1% of GDP. It is expected that investment inflow will remain positive before the end of the year. It will be slower than last year, predicts Swedbank economist Agnese Buceniece.

Pabriks: deals in the media sector are a matter of state security

Deals in the media sector are a matter of state security. With that, Prime Minister Maris Kucinskis and Economy Minister Arvils Aseradens should be more active in efforts to control strategically important business directions, said MEP Artis Pabriks.

Estonian manufacturers step up against excise tax hike on natural gas

Nine Representative bodies of Estonia’s manufacturing industry and the Estonian Employers’ Confederation jointly addressed the government on December 5 protesting against a planned excise tax hike on natural gas.

Ventspils to spend EUR 23,000 on New Year’s fireworks

Festive New Year’s fireworks will cost EUR 22,900 without VAT in Ventspils this year, according to information from the Procurement Monitoring Bureau.

UN resolution for truce in Aleppo blocked by Russia and China

In a UN Security Council vote for a resolution urging to put in place a ceasefire in Syria’s possibly besieged second city of Aleppo, Russia and China have on December 5 used their right to veto.

International creditors agree on Greek debt relief

International lenders have on December 5 pledged to ease the heavy debt burden of Greece after a meeting of Eurogroup finance ministers.

BALTA: growth in non-life insurance market exceeds GDP growth indexes

In spite of slow non-life insurance market growth in Latvia, which had reached a mere 6% in the first three quarters, BALTA insurance association concluded the first nine months of 2016 with profits of EUR 3.2 million.

Lithuanians warned with TV ads to avoid being lured into espionage

In Lithuanian TV, informative adverts are being broadcast encouraging the population to be wary of kind strangers and call a hotline to check on them as attempts to recruit spies have been uncovered.

Investors: there are less and less reasons to invest in Latvia every year

In spite of efforts by policy-makers to sort out the business environment and make it more favourable, there have no serious changes in the last twelve months, and Latvia’s overall attractiveness for investors has not improved.

EUIPO estimates the money Europe loses due to counterfeit goods and piracy

Counterfeit goods on the market cause nine industries to lose more than EUR 48 billion every year, according to estimates calculated in studies performed by European Union Intellectual Property Office.

Bank of Latvia to release coin dedicated to Christmas Battles

On Tuesday, 6 December, the Bank of Latvia will release a new 5 euro silver collector coin «Christmas Battles».

Money provided for deputy quotas is wasted; no one wants to take responsibility

The so-called deputy quotas first appeared at the end of the 90s – Prime Minister Vilis Kristopans’ minority government managed to secure support from the opposition for the state budget with LVL 2 million. Since then the opportunity to divide money for different books, films, municipal museums and roads has been a traditional part of the budget creation process.

Survey: Estonia leads Baltics in drug use

The consumption of most popular illegal psychoactive substances in Estonia is higher than in Latvia and Lithuania, found researchers, who compiled the European Drug Report 2016.

Meteorologists expect unstable weather conditions in Latvia this week

The beginning of the week for Latvia will pass with varied weather. On Monday, 5 December, west and south-west winds will carry warmer masses of air to Latvia. Because of that, maximum air temperature will reach +2° C… +7° C. Snow and wet snow will be gradually replaced with rain.