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Monday 19.11.2018 | Name days: Liza, Līze, Elizabete, Betija

Eurozone’s economic sentiment remained unchanged in April

Eurozone’s economic sentiment index was 112.7 points in April, making it unchanged in comparison with March, according to the latest data from the European Commission.

152 troops join NATO’s expanded combat group in Latvia

Realizing the decision made at the 2016 NATO summit in Wales regarding the deployment of a battalion-sized group in Baltic States and Poland, 152 troops from Slovakia will be deployed in Latvia in the second half of 2018, as reported by Defence Ministry.

Retail trade turnover in Latvia up 6.5% in March

Compared to March 2017, the total retail trade turnover rose by 6.5 % in March 2018. Turnover of retail trade in food products has increased by 6.8 %, turnover of retail trade in non-food products by 6.0%, and turnover of retail sale of automotive fuel by 7.3 %.

Construction costs in Latvia up 0.5%

Compared to February, level of construction costs in Latvia grew by 0.5 % in March 2018. Labour remuneration of workers rose by 1.1 %, prices of building materials by 0.5 %, and maintenance and operational costs of machinery and equipment by 0.2 %.

Latvian government commences work on MPC termination

To prepare a report on mandatory procurement component and subsidized electricity system’s influence on national economy for 1 August, a work group responsible with cancellation of MPC payment system gathered for a first meeting, as reported by Economy Ministry.

European Affairs Committee supports stricter restrictions on use of neonicotinoids

Latvian Saeima’s European Affairs Committee has voiced support in regards to European Commission’s proposal to establish new restrictions on the use of neonicotinoids. This is necessary to respond to concerns that this substance is harmful to bees, as reported by Saeima’s press-service.

Latvia’s Saeima supports starting school at the age of six

Latvia’s parliament supported in the first reading amendments to the General Education Law and Education Law that provide a flexible transition to compulsory primary education at the age of six, as confirmed by Saeima’s press-service.

April’s final week expected to be warm and rainy in Latvia

Warmer masses of air will flow into Latvia in the last days of April and the first days of May. It is possible that air temperature may reach +23° C. However, this warmth will pass with thunderstorms, as reported by State Environment, Geology and Meteorology Centre.

Study: wages in Latvia grew more rapidly in 2017 than they did in previous years

As a result of economic growth and increasing labour force demand, remuneration level in Latvia in 2017 has reached the most rapid rate in the past several years. Average net wage in Latvia has increased by 6%, reaching EUR 894, according to results of a study performed by CV-Online Latvia.

Number of foreign travellers in Latvia up 53.2% in past seven years

In 2017, foreign travellers crossed the border of Latvia 7.7 million times, which is 13.7 % more than a year before. Last year, foreign travellers in Latvia spent EUR 691.9 million – EUR 46.7 million or 7.2 % more than in 2016.

Experts shocked about HIV patients’ reluctance to undergo treatment

The number of HIV patients that underwent treatment in Q1 2018 did not change in Latvia even though a considerable amount of funding was allocated from the state budget for HIV/AIDS treatment in 2018. This creates concerns about HIV patients’ use of healthcare services, according to Association HIV.LV.

Latvian Saeima establishes ban for banks to service shell companies

Banks registered in Latvia will no longer be allowed to work with shell companies and service their accounts. This is provided by amendments to the Law on the Prevention of Money Laundering and Terrorism Financing approved by the Saeima on Thursday, 26 April, as confirmed by the parliament’s press-service.

Danske Bank may announce its exit from Baltic States

Danske Bank Group’s office in Lithuania may announce on Thursday, 27 April, its plans to leave Lithuania and, possibly, the Baltic States, as BNS news agency’s Lithuanian branch was told by two sources.

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