Daily magazine about Latvia www.latviannews.lv
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432

Industrial producer prices in Latvia up 3.5%

Compared to February, level of producer prices in the Latvian industry rose by 0.2 % in March 2018. Prices of products sold on the domestic market grew by 0.1 %, but prices of exported products went up by 0.4 %.
455

Latvijas Krājbanka’s administrator recovered EUR 114,800 in March

The administrator of the liquidated Latvijas Krājbanka EUR 114,823 in March, which is 16.9% less than a month ago, according to the report published in Latvian Herald.
408

State Secretary: Latvia and China share good economic cooperation perspectives

To present topical issues of Latvian-Chinese economic cooperation to businessmen, as well as contribute to formation of new business contacts, officials have launched the Latvia-Ningbo Economic & Trade Cooperation Symposium, as reported by Foreign Affairs Ministry.
514

ABLV Bank urges FinCEN to withdraw «exaggerated accusations»

Lawyers of ABLV Bank, which is currently in the process of self-liquidating, urge US Department of Treasury’s Financial Crimes Enforcement Network to withdraw its published proposal, which details how ABLV Bank’s management had allegedly used bribes to influence Latvian officials and breach sanctions against North Korea.
485

AHK warns: Latvia’s reputation worsens in investors’ eyes

In the evaluation of the business environment, Latvia was given 14 points among in a competition with twenty one countries. Latvia received the highest score for the quality of domestic deliveries, labour costs, payment discipline and higher education system.
440

East Capital’s fund buys Galleria Riga shopping centre

Asset-management company East Capital’s real estate fund East Capital Baltic Property Fund III has completed the deal for the purchase of Galleria Riga shopping centre.
565

British Steels wants to purchase all of KVV Liepājas metalurgs assets

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn a letter sent to KVV Liepājas metalurgs administrator Vita Dika, Privatization Agency’s subsidiary FeLM board member Jānis Rībens and CItadele Bank on 17 April, the consortium, which includes companies like British Steel, Greybull Capital and Estonian company Baltic Metal Holding, affirmed its interest in purchasing all assets of the insolvent company.
435

Association: will Latvia step on Estonia’s excise tax rake?

Rapid and economically unjustified increase of the excise tax has cut a big hole in Estonia’s budget, according to Latvian Alcohol Industry Association. Because strong alcoholic drinks cost less in Latvia, Estonians regularly travel to Latvian to buy cheaper alcohol, says the association’s CEO Dāvis Vītols.
419

ABLV Bank responds to US FinCEN’s report on planned sanctions against it

ABLV Bank has submitted to US Department of Treasury’s Financial Crimes Enforcement Network answers to its February’s report on planned sanctions against the bank, as confirmed by representatives of the credit institution.
471

Ministry: businesses will be able to pay several taxes in a single payment

The Cabinet of Ministers will soon review Finance Ministry’s prepared legislative projects that provide for unifying tax payment terms (once a month, once per quarter and once a year) for taxes administered by the State Revenue Service. Amendments provide the option to combine several taxes in one payment. This is intended to reduce administrative burden.
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

Vivid selection of Latvian culture on offer in Tartu for 9 days

The Estonian city of Tartu is hosting nine days of selected Latvian culture events up until the centennial of Latvia on November 18. The events begun on Friday with the opening of the photography exhibition by internationally acclaimed photographer Zaiga Šteina.