Latviski English По-русски
Ceturtdiena 17.10.2019 | Name days: Karīna, Gaits

ReRe Būve 1 no longer engaged in restoration of New Riga Theatre

Latvia’s VAS State Real Estate has terminated its contract with construction company ReRe Būve 1 in the restoration of New Riga Theatre.

Minister: Economic Court may be established in Latvia in 2021

If no obstacles are put in the way, Economic Court may be founded in Latvia in January 2021, said Latvia’s Justice Minister Jānis Bordāns in an interview to public broadcaster LTV programme Rīta Panorāma on Wednesday, 24 July.

SRS director general may be reprimanded for reporting controversial information

Latvia’s Finance Ministry's specially formed commission has suggested Jānis Reirs to issue a reprimand to State Revenue Service director general Ieva Jaunzeme for issuing controversial information. Such a measure is confirmed by the ministry’s representative Aleksis Jarockis.

airBaltic issues bonds worth EUR 200 million

Latvian airline airBaltic successfully placed a 200 million euro issue of bonds on July 23, 2019, BNN was informed by the airline.

Coface downgrades business risk rating for automotive industry in Europe

In its latest countries and industries risk rating, international credit risk insurance company Coface has downgraded the score for Germany, Austria and the Czech Republic. Risk assessment has been downgraded for Europe’s automotive industry.

Current business trends in 2019 show fewer foreign investments and insolvency cases

In the first six months of 2019, there was a reduction of the number of insolvency cases in Latvia. There were also more business liquidations and fewer foreign investments, according to data compiled by Lursoft.

Latvian minister to check State Revenue Service head’s public statements

An inspection has been initiated by Finance Minister Jānis Reirs in regards to the public statements made by State Revenue Service director general Ieva Jaunzeme to the media and during a meeting of Saeima’s Budget Committee, as reported by public broadcaster TV3.

Malta receives failed Moneyval final review

Monitoring body Moneyval has found the anti-money laundering capability of Malta as being ineffective, giving the country a year to repair shortcomings or risk being blacklisted.

UK to address tanker crisis in Persian Gulf with more military

The British government will seek to develop and deploy a Europe-led maritime protection mission to protect shipping in the strategic Strait of Hormuz after Iran seized a British ship with a Latvian crew member.

Latvia’s army to test UAVs from a local manufacturer

Latvia’s National Armed Forces have been supplied with UAV systems from Latvian manufacturer UAV Factory and Atlas Aerospace for testing purposes, as confirmed by Defence Ministry.

Number of airline passengers serviced in Latvia up nearly 10%

A total of 3.5 million passengers were serviced at Latvia’s international airports in the first half-year of 2019, which is 9.6% more when compared to the same period of 2018, when 3.2 million passengers were serviced, according to data compiled by the Civil Aviation Agency.

Volume of alcoholic drinks produced in Latvia up 2% in five months

In the first five months of 2019, a total of 21 708 million litres of alcoholic drinks was produced in Latvia, which is 2% more when compared to the same period of 2018, according to data from the State Revenue Service’s compiled information on excise tax.