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Tuesday 11.12.2018 | Name days: Valdis, Voldemārs, Valdemārs

Construction costs in Latvia up 4.4%

Compared to September, the level of construction costs in Latvia dropped by 0.1 % in October 2018. Prices of building materials reduced by 0.2 %, labour remuneration of workers by 0.1 %, while maintenance and operational costs of machinery and equipment grew by 0.1 %.

SEB: investments in oil and gas industry down by half

The oil marked brought unexpected turns in October – since the beginning of the year, Brent crude oil price has declined by approximately 30%: from USD 86 to USD 59.

Wind energy production output doubled in Latvia

In September and October 2018, wind power plants in Latvia had doubled their yield of electricity for the country’s total balance when compared to the previous four months, according to information compiled by AS Augstsprieguma tīkls.

EY: biggest threats to businesses – new business models and shortage of workers

31% of businessmen consider influence of new business model and the ongoing shortage of workers as the main short-term threats to their business. Other major risks include geopolitical and legislative uncertainty, which are considered the main threats by 29% of respondents participating in EY latest Global Capital Confidence Barometer.

Germany to help fund Lithuanian tank firing range

As Lithuanian Armed Forces seek to modernise a training area in Pabradė, Germany has pledged to allocate up to a million euros for procuring mobile target lifting system for training tank and armoured equipment live fire while in maneuver. The funds will be allocated to Lithuania under the programme of the Government of Germany for investments into long-term Lithuania’s security.

Russia's arms inspectors visit Estonian military bases

Estonian military units are this week inspected by a delegation from the Russian Center for Arms Control in line with the requirements of the Organization for Security and Co-operation in Europe.

Latvian government conceptually supports raising wages of medical personnel

During a meeting of the Cabinet of Ministers, members of the government went through a report prepared by Healthcare Ministry in regards to increasing wages for doctors, nurses and other medical staff in the next three years.

Latvian Education Minister steps down; aims for European Parliament instead

Latvian Education and Science Minister Kārlis Šadurskis has decided to step down. He intends to aim for a seat in the European Parliament. On Wednesday, 28 November, Šadurskis will travel to Brussels, where he will take post as a member of the European Parliament.

Swedish political impasse could be solved by centre-right supporting Lofven

As the Swedish parliament has been unable to form a government for over two months after general election the centre-right showed chance of supporting a prime ministerial candidate from the rival Social Democrats. After an indecisive election, the Nordic country has seen a number of attempts to build a viable government, but all have failed so far and a caretaker government headed by Lofven is still in charge.

CSB surveys Latvian counties with the highest yield of agricultural crops in 2017

In 2017, the average yield of cereals in Latvia constituted 38.3 ql/ha, while the indicator registered in Dobele county was almost two times higher – 64.9 ql/ha (relative margin of error 1.6 %). Among all counties, the highest cereal yield was recorded in Dobele County.

Deputy: Harmony will not support a government in which it is not represented

Harmony has no plans to support a government in which the party is not represented, says the political party’s representative Andrejs Klementjevs, adding that currently political parties are doing harm to Latvia with their indecisiveness.

Gobzems: new government in Latvia should include women

«Today we will begin collecting votes in the parliament for the approval of a new government, asking all partners to be very serious of the process. I will try approaching parties’ offers very carefully,» says KPV LV representative and nominated prime minister candidate Aldis Gobzems.

New Interior Minister appointed in Estonia

Following the surprise resignation Estonian Minister of the Interior Andres Anvelt, another social democrat Katri Raik has been appointed to the post. Her predecessor Andres Anvelt, in office since 2016, stated last week he would step down from office due to serious health issues.

Estonian parliament supports UN Migration Compact in marathon sitting

The Estonian parliament has passed a declaration expressing its support to the UN Compact on Migration following a long debate and only 41 out of 101 MP backing the document.

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