Daily magazine about Latvia www.latviannews.lv
There are periods when public opinion is the worst of opinions.
Nicolas de Chamfort
www.freecity.lv
Russian version
729

Eurostat: Latvia had inflation rate higher than average in EU and Eurozone

In July, Latvia’s inflation rate was higher than the average in Europe and Eurozone, according to data published by Eurostat.
745

Riga International Airport concludes first half-year with turnover increase of 13%

Riga International Airport concluded the first half-year of 2018 with turnover increase of 13% when compared to the same period of 2017, according to the airport’s unaudited and shortened account for the six-month period before 30 June 2018.
725

ABLV Bank assets worth EUR 21.052 million were recovered in July

Liquidators of ABLV Bank have recovered assets worth EUR 21.052 million in July. This includes EUR 11.602 million recovered from issued loans, EUR 7.644 million from recovered/sold securities, EUR 1,792 million from loans provided to credit institutions, and EUR 14,000 from sales of real estate and other types of property, according to the account published in Latvian Herald.
689

Saeima approves stricter requirements for fast loans

Saeima’s Economic, Agricultural, Environmental and Regional Policy Committee supported in the second reading amendments to the Consumer Rights Protection Law. The legislative draft states that total loan costs that exceed 0.07% a day from the loan amount are unacceptable and non-compliant with good practice, as reported by Saeima press-service.
722

Noord Natie develops a new business niche – attracts cruise ships for Ventspils

The first of the cruise ships attracted from SIA Noord Natie Ventspils Terminals will arrive at Ventspils port this week. NNVT stresses that development of cruise business as a new product will help develop tourism in the city and region, as well as provide a contribution to economic development and raise recognition of NNVT terminal and the city.
709

Insolvency administrator recovered EUR 320,500 from Trasta komercbanka in July

The administrator of the liquidated Trasta komercbanka has recovered EUR 320,501 in July 2018, which is much more than the amount recovered a month prior, when EUR 5,054 was recovered, according to information published by Latvian Herald.
742

Insolvent Tosmare Shipyard plans to lay off workers

Tosmare Shipyard, which has been declared insolvent recently, has plans to lay off workers, as reported by LTV.
1106

Minister: Economy Ministry’s proposed plan to abolishment of MPC is not the best solution

Economy Ministry’s proposal to abolish mandatory procurement component fee in three years’ time is not the best solution, said Economy Minister Arvils Ašeradens at a meeting of the Cabinet of Ministers.
1048

Construction output in Latvia increased 31.6% in Q2 2018

Compared to Q2 2017, construction output increased by 31.6 % in Q2 2018. Construction output rise was observed in construction of buildings (47.7 %), civil engineering (27.8 %) and specialised construction activities (21.5 %).
1056

SEB Bank survey: 40% of youngsters want to have their own business

Youngsters in Latvia are more ambitious that their neighbours in Lithuania and Estonia and wish to start their own business in the future. 36% of Latvian youngsters aged 18 to 25 have plans to start a business. 4% of them already have a business of their own.
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

Exhibition curated by A.Suna gallery to be displayed at Rietumu Bank’s Gallery

Rietumu Bank’s Gallery in cooperation with Agija Suna unveiled a painting exhibition “Satikšanās” (“Rendezvous”) with works by 28 artists. The exhibition demonstrates the ability of Agija Suna to find talents and, following the best traditions of artists of France, gather them and their works in one gallery.