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Tuesday 23.04.2019 | Name days: Jurģis, Juris, Georgs

Payment card fraud level in Baltic States is one of the lowest in Europe

The level of fraud with domestically issued payment cards in Baltic States is one of the lowest in Europe, as reported by Bank of Latvia payment system expert Kristīne Grīviņa with reference to European Central Bank’s data published this week.

Estonian men kept for extradition to U.S. over fentanyl and money laundering

The extradition of four Estonian men is sought after by the U.S. Drug Enforcement Administration, which has uncovered a fentanyl and money laundering ring, where the men have been allegedly involved.

Russia accused of keeping ships from Ukraine's Azov Sea ports

Ukrainian government and the West allege Russia is deliberately keeping ships from going into the Sea of Azov, which is situated to the north of the Black Sea behind Russia-controlled Kerch Strait.

Saeima committee conceptually supports proposals for limiting MPC

Economic, Agricultural, Environmental and Regional Policy Committee has conceptually supported proposals on limiting mandatory procurement component system.

Open election of Latvia’s president one step away – one final reading left

On Wednesday, 26 September, Saeima’s Legal Affairs Committee unanimously supported for the final reading amendments to the Constitution that provide for open election of the country’s president.

Total tax debts in Latvia reach EUR 1.13 billion at beginning of September

At the beginning of September, the total tax debts in Latvia, including topical, halted and extended debts accounted for EUR 1.13 billion, which is 6.7% less when compared to August, as reported by State Revenue Service.

Committee: FCMC should be certain of banks’ ability to survive

The objective of the Finance and Capital Market Committee is making certain banks not only promise but also are able to survive in spite of market changes, as reported by chairman of Saeima Public Expenditure and Audit Committee Andris Bērziņš.

Latvian minister asks for re-assessment of Rugby Federation head’s competence

Taking into account the publicly reported information that the president of Latvian Rugby Federation Aivars Pilenieks has physically assaulted a player of U-18 team, Education and Science Minister Kārlis Šadurskis has decided to ask the federation to re-assess Pilenieks’ professional competences and compliance with requirements of his post.

New natural gas tariffs approved in Latvia; those who use more gas will pay less

The Public Utilities Commission has approved AS Gaso’s submitted natural gas transmission system’s tariff project, which provides for the introduction of a fixed fee for connection to permitted load regardless of the consumed gas volume.

OCMA: majority of Latvian immigrants live in Britain, Ireland and Germany

The Office for Citizenship and Migration Affairs has calculated the exact number of Latvian citizens living abroad. The majority of Latvians reside in Britain, followed by Ireland, Germany , and USA, according to the data compiled in July 2018.

CC: number of business merges on a rise in Latvia

In the first eight months of 2018, Competition Council made twelve decisions regarding business merges, which is 50% more than the number of similar decisions made in the same period of last year. Consolidation of market participants takes place the most often in retail trade of household goods, BNN was informed by the council.

EU supervisor to investigate Estonian and Danish banking authorities on Danske Bank

The banking supervisory authority of the European Union has been asked to investigate the work of Denmark and Estonia’s national banking watchdogs over possible shortcomings in failing to prevent money laundering through the Estonia branch of Danske Bank.

airBaltic receives its 12th Airbus A220-300 aircraft

Latvian airBaltic airline has received its twelfth Airbus A220-300 aircraft with registration number YL-CSN. The airline plans to have a total of fourteen Airbus A220-300 aircraft by the end of 2018.

Meteorologists say first autumn storm in Latvia to take place this week

On Tuesday, 25 September, atmospheric pressure in Latvia will increase and clouds will tend to reduce in the afternoon, as reported by Latvia’s Environment, Geology and Meteorology Centre.