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Wednesday 16.10.2019 | Name days: Daiga, Dinija

Expert: tax reform has caused a loss of approximately 1% of GDP in revenue

The result of the tax reform implemented two years ago has caused a loss in tax revenue of 1% of GDP, as journalists were told by Fiscal Discipline Council member Inna Šteinbuka on Thursday, 10 October.

135 000 doses of flu vaccines to be delivered to Latvia this week

A total of 135 000 flu vaccine doses will be delivered to Latvia this year. This is 45% more than the amount of does administered in Latvia in 2018, as reported by State Agency of Medicines representative Dita Okmane.

MPC case: no state official in Latvia made a suspect yet

Not a single state official has been made a suspect yet in the criminal cases involving fraud with mandatory procurement component permits and power plants, as confirmed by Latvian State Police press-representative Gita Gžibovska.

Liepaja Prison’s construction may be performed as public and private partnership

Latvia’s Justice Minister Jānis Bordāns allows for the possibility of constructing Liepaja Prison using a public and private partnership model, as confirmed by the city council after meeting with Liepaja Prison Administration and the minister.

Swedbank: 44% of parents would entrust their family budget’s planning to their child

As an experiment, 44% of adults with children aged 11 to 19 would be prepared to entrust their family’s budget planning to their child. At the same time, some of them are not confident about their child’s ability to plan finances, according to Swedbank’s Private Finances Institute’s study.

Saeima committee conceptually supports creation of a single regional gas market

Latvian Saeima’s National Economy Committee conceptually supported amendments to the Energy Law intended to prevent obstacles for the creation of a regional natural gas market.

NEPLP head admits mistakes in work with LTV and Latvijas Radio

Chairwoman of Latvia’s National Electronic Mass Media Council Dace Ķezbere admits having made mistakes in her work with Latvian Television and Latvijas Radio management.

Ex-Daugavpils mayor detained over suspicion of bribery and money laundering

On Wednesday, 9 October, Latvia’s Corruption Prevention and Combating Bureau detained ex-mayor of Daugavpils Rihards Eigims over suspicions of bribery and money laundering, according to information from LETA.

Latvia 41st in World Economic Forum’s Global Competitiveness Index

In the World Economic Forum’s Global Competitiveness Index Latvia has climbed to 41st place, still remaining behind Lithuania and Estonia, according to the latest published study.

Estonia agrees to deepen cooperation with U.S. focusing on security

Estonian and American top diplomats have agreed to enhance cooperation between the two allied countries in a joint statement signed in Washington. the NATO member countries reaffirmed their commitment to NATO's collective defence

Latvian government fears losing EU financing for e-health system

Latvia’s Finance Ministry is worried about potentially losing the funding provided by the European Union for the country’s Single healthcare Industry’s Electronic System.

Unemployment level in Latvia down to 5.7%

At the end of September the level of registered unemployment level was 5.7% of Latvia’s economically active population, which is 0.2 percentage points less than a month prior, as reported by State Employment Agency.

Latvian parties to divide state funding: Harmony to get the lion's share

Political parties elected to the 13th Saeima will be able to receive funding from the state budget worth EUR 4 119 581 in 2020. The majority of this amount – EUR 800 000 – will be provided to Harmony, whereas the smallest amount will be provided to New Unity, which may receive EUR 416 535, according to Justice Ministry.

Packaging deposit system could be adopted in Latvia in February 2022

On Tuesday, 8 October, Saeima’s National Economy Committee supported for the third reading amendments to the Packaging Law, which provide for the adoption of a deposit system in Latvia on 1 February 2022.