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Monday 24.09.2018 | Name days: Agris, Agrita

Economy Ministry: it is necessary to reduce the volume of low-skilled workforce

Employment opportunities are set to expand in the next decade. However, demographic tendencies and regional labour market differences will create an even stronger need for labour force, according to Latvian Economy Ministry’s medium and long-term labour market outlooks.

Facebook ends project to build solar panel drone-internet provider

World's leading online social network company Facebook has decided to drop its plan to produce drones that would provide internet in remote areas of the world.

PHOTO: court decides to keep Vairāk saules IT specialist under arrest

On 27 June, Riga Regional Court decided to leave the existing security measure – arrest – in force for Vairāk saules restaurant network IT specialist Edgars Štrombergs.

Construction costs in Latvia grew 4.1% in May 2018

Compared to April, the level of construction costs in Latvia grew by 0.5 % in May 2018. Labour remuneration of workers increased by 1.7 %, maintenance and operational costs of machinery and equipment – by 0.3 %, but prices of building materials – by 0.2 %.

72 stationary speed cameras to be installed on Latvia’s roads

Several new speed cameras will soon be installed on Latvia’s roads in Piņķi, Vitrupe, Vecstropi, Grenctāle, Lapmežciems, Klidziņš, and Šķibe.

Survey: real estate purchase is the most optimal form of investment

Latvia’s residents view real estate purchase as one of the best forms of investment. 46% of Latvia’s residents would invest in real estate. Other popular forms of investment include gold, which is considered reliable by 26% of residents, and life insurance – 18%, according to results of Swedbank’s survey.

Estonian economy to grow by 3.5% in 2018, central bank estimates

Estonia's economic growth would be at 3.5% in 2018-2019, but it would slow to 2.5% in 2020, according to forecasts by the Estonian central bank, Eesti Pank.

State Labour Inspectorate launches inspection of SIA Koblenz for possible fictive employees

Latvia’s State Labour Inspectorate has commenced an administrative procedure in relation to SIA Koblenz security firm’s possible fictive employment of security staff from other firms, as confirmed by SLI representative Megija Ekkerte.

French butchers seek protection from vegan hooligans

Butchers in France have asked the government for protection against militant vegans, accusing them of trying to affect the country's traditional meat-eating culture.

Latvia’s State Children's Rights Inspectorate increases employees’ wages

Wages of employees and officials of State Inspectorate for Protection of Children's Rights have been increased one average by EUR 96, as confirmed by the chief of this institution Marianna Dreja.

Latvian government supports expanding Competition Council’s authority

On Tuesday, 26 June, Latvia’s government supported amendments to the Competition Law. Changes propose expanding the authority of the Competition Council when dealing with dishonest municipal businesses.

Macedonian President refuses to sign agreement on renaming country

The President of Macedonia, Gjorge Ivanov, has unexpectedly refused to sign an agreement on changing the name of the Former Yugoslav republic arguing it was in breach of the constitution.

Customs officers discover two million contraband cigarettes in furniture shipment

During a routine cargo inspection at Ventspils port, officers of Latvia’s State Revenue Service’s Customs Office intercepted a contraband shipment of 2,000,000 cigarettes. The ‘goods’ were stashed in a cargo carrying furniture, as confirmed by SRS.

Average electricity price decline in Latvia this week – 13%

The average weekly electricity price in Latvia has declined by nearly 14% – to 42.27 EUR/MWh – in Estonia and 45.72 EUR/MWh in Lithuania. The price decline in Latvia was 13% – to 45.72 EUR/MWh, according to information from Latvenergo.

Tourist favourite Ruhnu island in Estonia affected by broken-down ferry

Estonia's scenic Ruhnu island, which is located closer to Latvian mainland than to other Estonian territories, is affected by disrupted ferry traffic from the city of Pärnu and the romantic island in the heat of the tourist season.

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