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Saturday 21.07.2018 | Name days: Meldra, Meldris, Melisa

Heat in Latvia to remain for longer; thunderstorms and heavy rain expected, as well

Next week in Latvia will be appropriately hot for summer, as air temperature is expected to reach +30° C at times. Nevertheless, most of Latvia will experience rain and thunderstorms, as reported by State Environment, Geology and Meteorology Centre.

US President announces «tremendous amount of progress» in defence spending matter

On Thursday, 12 July, US President Donald Trump announced having achieved a great deal of progress in the NATO member states’ defence spending matter during the summit.

Competition Council warned 34 persons for possible cartel agreements this year

In the first half-year of 2018 the Competition Council warned 34 persons about possible cartel agreements in six possible violation episodes. Affected companies work in three sectors – burial, security and driving school services.

European Commission predicts 9% lower wheat harvest for Latvia this year

According to estimates from the European Commission, Latvia’s wheat harvest is likely to be 9% below that of last year, according to information from Agriculture Ministry’s Market and Direct Support Department.

ECB revokes Latvian ABLV Bank’s credit institution license

European Central Bank has decided to revoke Latvian ABLV Bank’s license, as confirmed by Finance and Capital Market Commission.

NATO agrees to station multinational division North headquarters in Latvia

In accordance with an agreement reached by Denmark, Latvia and Estonia, it has been decided to station the headquarters of NATO’s multinational division North at Ādaži base, as confirmed by Latvia’s Foreign Affairs Minister Edgars Rinkēvičs.

Competition Council permits merging of two energy wholesale traders and producers

On 4 July, Latvia’s Competition Council decided to permit the merging deal as a result of which Enefit Green AS will gain decisive influence over Nelka Energia AS by purchasing 100% of the company’s shares. Permission was given because the merge is not expected to have a major impact on competition on the market, the council explains.

Police requested prosecution for 50 insolvency administrators in past several years

Since 2016, Latvia’s State Police have received several hundred reports regarding possible illegalities during insolvency processes. Over the course of the last two years, police have asked the prosecutor’s office to commence criminal prosecution of 50 insolvency administrators.

External trade turnover in Latvia grew 9.6% in May

In May 2018 foreign trade turnover of Latvia amounted to EUR 2.32 billion, at current prices constituting 9.6 % more than in May 2017, of which exports value of goods rose by 8.5 % and imports value of goods by 10.4 %.

Prosecutor’s office ends case on OCMA official’s involvement in fictive marriage organization

The Prosecutor General’s Office has ended the case launched against and official of the Office of Citizenship and Migration Affairs, who was allegedly involved in organization of fictive marriages, as reported by LNT News on Tuesday, 10 July.

Unemployment level in Latvia remained 6.4% in June

At the end of June, the level of registered unemployment in Latvia was 6.4% of the economically active population, which is the same as it was a month prior, as reported by State Employment Agency.

Investors optimistic – exchange indexes and oil prices up

Share prices increased in world stock exchanges on Tuesday, 10 July, which helped improved investors’ optimism about the upcoming business season, especially in the United States of America.

Fifth African swine fever outbreak recorded for domestic pigs in Brocēni

A case of African swine fever has been recorded in a farm in Blīdene Parish of Brocēni County. The disease was found in an enclosure with five pigs, as confirmed by Food and Veterinary Service.

This year’s harvest time in Latvia planned two weeks earlier than usual

Winter barley has already reached the necessary stage of development. Once the period of precipitation has ended, harvest will begin. This year’s harvest is planned two weeks earlier than usual, according to specialists of Baltic Agro company.

Consumer prices increase by 2.8% in Latvia; fuel prices up by 17.5%

Compared to June 2017, the average level of consumer prices rose by 2.8 % in June 2018. Prices of goods increased by 2.5 % and prices of services grew by 3.3 %. Compared to 2015, consumer prices had increased by 6.5 % in June 2018. Prices of goods grew by 5.3 %, while prices of services rose by 9.5 %.