Daily magazine about Latvia www.latviannews.lv
The worse the man the better the soldier.
Napoleon I
www.freecity.lv
Russian version
328

Tax burden remains a serious obstacle to start a business in Baltic States

For the second consecutive year companies newly-founded in Baltic States mentioned the high tax burden as their biggest challenge. Attraction of initial funding is also a major challenge for aspiring entrepreneurs in Baltic States. Interviewed businesses in Latvia and Lithuania also mentioned difficulties with funding qualified employees, whereas businesses in Estonia more often mentioned problems with finding clients, according to results of a study performed by SEB Bank.
316

PUC approves regulations for the use of Inčukalns underground gas storage facility

Public Utilities Commission has approved the regulations submitted by AS Conexus Baltic Grid on the use of Inčukalns underground gas storage facility. These new regulations govern he use of the gas storage facility and will come into force along with new storage service tariffs – 1 June 2018, as confirmed by PUC.
351

Baltic International Bank will resume providing custodian-bank services

On 22 May 2018, Baltic International Bank, JSC and ABLV Asset Management (a privately owned investment manager) concluded the agreement whereby from now, Baltic International Bank is the custodian of the mutual funds managed by ABLV Asset Management.
310

Latvia’s Finance Ministry to become holder of state-owned shares in Conexus

From now on, the 117 shares owned by the Latvian state in Conexus Baltic Grid will be held by Finance Ministry, as decided by the government.
299

Latvian government proposes establishing green fuel quota for traders

On Monday, 28 May, the Cabinet of Ministers Committee decided to forward to the government Economy Ministry’s developed Transport Energy Law that provides for promotion of green fuel.
339

airBaltic signs contract for purchase of 60 more CS300 aircraft

Latvia’s national airBaltic airline and Bombardier Commercial Aircraft have announced the signing of a procurement contract for 30 Bombardier CS300 aircraft with option to procure 30 more in the future, as BNN was informed by the airline.
350

Valeri Belokon: Patriotism starts from self-respect

For the last 25 years of existence of Baltic International Bank we have conducted more than one interview its chief shareholder Valeri Belokon and each and every time, he managed to surprise us.
274

Supreme Court: parent companies could be held accountable for subsidiaries’ competition violations

The Supreme Court of Latvia has made a ruling, in accordance with which Latvia’s competition rights are established in a way that permits authorities to punish parent companies for violations of competition rights committed by their subsidiaries.
336

Foreign clients’ deposits in Latvian banks declined 27.1% in Q1 2018

Deposits of foreign clients attracted by Latvia’s banks have declined 27.1% in Q1 2018. At the end of March, it was EUR 5.869 billion, as reported by Finance and Capital Market Commission.
248

Association: loan repayment indexes improve in non-bank consumption loan segment

In 2017, members of Latvian Association of Alternative Financial Services issued in loans EUR 180.5 million. Compared to 2016, this is an increase of 6.9%. Members’ credit portfolio was EUR 88.7 million at the end of 2017, which is 8.1% more than a year ago.
Photo
Staro Rīga Light Festival
Staro Rīga offers an international programme of light and multimedia installations. Buildings, squares, bridges and monuments turn into unique pieces of light art, supplemented by performance art and musical and theatrical elements.
Entertaiment & Arts

Latvian conductor Nelsons wins Grammies in U.S.

Latvian conductor Andris Nelsons has added two Grammy music awards to his list of honours for the work with the Boston Symphony Orchestra.