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Ceturtdiena 15.11.2018 | Name days: Undīne, Leopolds, Unda
LatviaLatvia

Latvian Post to require a loan of 10.5 million due to euro adoption

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUStarting from January 2014, in accordance with the lat-euro free exchange initiative, residents will be able to exchange these currencies free of charge at Latvian Post branches located in low-populated areas for a period of three months. It is estimated that the total volume of euro exchange could be near EUR 14,94 million.

Latvian Post will require a loan in order to afford this service until euro becomes a fully legal and abundant means of payment. Latvian Post will require a loan from the state budget’s short-term loan fund, Finance Ministry explains.

FM has come up with a special law to clarify the second stage of early euro supply to Latvian Post and secure the necessary conditions for the successful progress of the early euro exchange initiative. The bill has been added to the agenda of today’s state secretary meeting. It will need to be approved by the government and parliament.

The bill provides for the issue of of a short-term loan to Latvian Post. It states that the Finance Minister is to sign an agreement regarding the issue of a LVL 10.5 million loan to Latvian Post this year.

The conditions of the loan are as follows: loan pay back term – March 31, 2014; the loan is to have a set interest rate in accordance with the loan issue and service order; the loan is not to be fitted with a risk interest rate; it is to be provided without security for the loan.

The completion of the agreement will be monitored by the State Treasury. The Transport Ministry will oversee the use of the loan money. Latvian Post will need to pay back the interest from the 2014 state budget to cover the costs of Transport Ministry’s supply of exchange currency, as mentioned in the bill.

Ref: 102.109.109.8616


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Jurmala City Council deputy asks State Audit to check six sport event procurements

Jurmala City Council Rolands Parasigs-Parasiņš from the National Alliance ‘All for Latvia’ – ‘For Fatherland and Freedom/LNNK’ has asked the State Audit to evaluate several of the municipality’s procurements associated with the organization of sports events in Jurmala.

Warsaw: Kremlin's «imperial policy» endangers Poland, Lithuania and Ukraine

The Speaker of the upper house of the Polish parliament, has stated that Russia's «imperial policy» endangers Poland, Lithuania and Ukraine.

KPV LV leader: after recent developments, all parties should get therapy

After events that took place Wednesday, 14 November, all political parties should get therapy, says KPV LV prime minister candidate Aldis Gobzems.

Number of guests hosted in Latvian tourist accommodation establishments up 6.5%

1.03 million visitors stayed at Latvian tourist accommodation establishments in Q3 2018, which is 6.5 % more than in Q3 2017. Compared to corresponding period of the previous year, the number of nights spent by visitors has increased by 5.3 %, reaching 1.95 million.

Road traffic to be restricted for the duration of Staro Riga light festival

Road traffic on streets of Riga will be restricted from 20:00 p.m. 14 November until 09:00 a.m. 20 November. Restrictions will apply to Zirgu Street, from Meistaru Street to Dome Square. Two-way road traffic will be organized at Dome Square, as reported by Riga City Council.

Cease-fire holding between Palestine-Israel after worst fighting since 2014

In the turbulent Middle East, after the worst Israeli-Palestinian violence since the 2014 war a fragile ceasefire between Israel and Palestinian factions was in force in Gaza on Wednesday.

EP’s approved EUR 17.7 million to be invested in melioration infrastructure restoration

Allocation of support finances of EUR 17.7 million has been approved by the European Parliament for Latvia to cover losses from floods of summer and autumn 2017. This funding will be used to restore important infrastructure, such as water redirection system and damaged culverts, Agriculture Ministry reports.

Three parties exit talks with NCP; Bordāns’ chances of becoming prime minister plummet

According to the latest information, three political parties – Attīstībai/Par!, National Alliance ‘All for Latvia’ – ‘For Fatherland and Freedom/LNNK’ and New Unity – have decided to exit government formation talks headed by the New Conservative Party.

G20 industrial countries guided by fossil fuel industry, not science

Action against climate change is not meeting government commitments in 19 out of the 20 world’s 20 largest, as researchers found governments were paying more attention to the fossil fuel industry than to scientific advice.

Latvian prime minister candidate still believes it is possible to agree on government work plan

In spite of certain parties’ rejection of New Conservative Party’s proposed action plan for the new government, prime minister candidate Jānis Bordāns still sees some cooperation potential for political parties, adding that the plan can be corrected.

EP's conservatives-reformists select Zahradil as their leader for election

The European Conservatives and Reformists Group of the European Parliament has chosen Czech MEP Jan Zahradil as its leader for the spring election and for the post of the head of the European Commission.

Government starts discussing Latvia’s readiness for Brexit, worst scenario included

Latvian ministries’ readiness for the moment when Britain exits the EU differ, Latvian Foreign Affairs Minister Edgars Rinkēvičs told journalists after a government meeting on Tuesday, 13 November.

UK and EU reach draft deal, but ruling Conservatives split about its success

The UK and the European Union have reached a draft agreement on Brexit, but a national battle begins for British Prime Minister Theresa May to win the support of her government and the British parliament to get it approved.

NCP’s proposed pension and benefit changes will cost state budget several hundred million euros

New Conservative Party’s proposals on changes for pensions and benefits will cost the next Latvian government several hundred million euros, according to estimates from ministries.

Pro-Kremlin activist accused of incitement of hate and child pornography

Latvian prosecutor’s office has raised charges against pro-Kremlin activist Jurijs Aleksejevs for incitement of national hate, illegal arms and munitions storage and child pornography.

Hospital: 1st type sugar diabetes is diagnosed too late for children in Latvia

Too often is 1st type sugar diabetes is diagnosed in late stages for children in Latvia. This is because parents and society in general are not well-informed of this disease, as confirmed by endocrinologists of Children’s Clinical University Hospital.