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Monday 23.07.2018 | Name days: Magda, Magone, Mērija

Forest regeneration costs in Latvia kept declining last year

In 2017, the average forest regeneration costs in Latvia comprised 438–567 EUR/ha, depending on the forest land quality group.

Merkel: Migration solutions of vital importance to EU

German Chancellor Angela Merkel has evaluated before an European Union summit on migration that the future of the EU depends on it being able to bring solutions to the flow of mass migration.

Competition Council permits merging of two LPG traders

On 21 June, Latvia’s Competition Council made a decision to permit a merge, as part of which SIA Latvijas propāna gaze gained decisive influence over SIA Eko gaze. Permission was given because the merge is not expected to impact competition, says CC.

Latvian president declares amendments to make Pope’s visit a holiday

Latvian President Raimonds Vējonis has declared amendments to the Law on Holidays, Remembrance Days and Days to be Marked in order to make 24 September, the day Pope Francis plans to visit Latvia, an official holiday.

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.