One fifth of flats in Aizkraukle legally uninhabited
For the last year and a half, there is increased interest about buying property in Aizkraukle, Vidzeme region. Nevertheless, about 600 flats have no legal residents, though, practically, people may actually be living on these premises.
Latvians delighted with train timekeeping
It's always nice to top a European Union league table and Latvians have done so in an area that is perhaps not always acknowledged - satisfaction with the promptness of trains.
2nd pension capital will be inheritable
The Latvian parliament on October 11 in the final reading adopted amendments to the Law on Government-Funded Penions, providing that the 2nd-level pension capital can be inherited.
Lattelecom to change name to "tet"
In spring 2019, Latvia's state-majority company Lattelecom will change the brand and the company name to "tet", the company told the press October 9.
Inflation passes 3% in September
Annual inflation in Latvia climbed past 3% for the first time in more than a year in Setptember according to data released by the Central Statistics Bureau (CSB) October 8.
Parliament votes to curb payday loans
On October 4 the Latvian parliament adopted new measures to curb payday lending and protect people who take payday loans, reported LSM's Latvian-language service.
Narvesen owner to buy 60 cafes in Baltics
Reitan Convenience, the owner of the Narvesen kiosk chain has struck an agreement to buy the Caffeine Roasters chain of cafes in the Baltics, which operates in 60 locations across the Baltics.
Next year's Moneyval report of crucial import - Bank of Latvia
While Latvia's main economic risks are related to the global market, next year the crucial event to determine the course of the Latvian economy will be an upcoming report by Moneyval, a Council of Europe body dedicated to anti-money laundering (AML) and counter-terrorism financing (CTF).
On the road with Latvian exporters: Peruza
I felt I was arriving at Ainaži well prepared. Halfway to the little seaside town in the very north-west corner of Latvia, I stopped at a cafe for lunch. On the table was the local Auseklis newspaper. The cover story was about tremendous interest in the first ever Blackcurrant Day. Page 2 featured the renovation of some steps. And then an absolute gift to a lazy writer: a detailed history of Ainaži.
Prime Minister writes opinion piece for Financial Times
Latvian Prime Minister Māris Kučinskis gained a byline in world-famous British newspaper The Financial Times September 30 with an opinion piece talking about government plans to tackle money-laundering and financial crime.
Anti-money laundering plan to be submitted to Saeima by June 2019
On 25 September, the Latvian government approved what it called a "comprehensive Action Plan" in response to the recommendations included in Moneyval’s recent evaluation of Latvia’s anti-money laundering system, which has been in sharp focus ever since ABLV bank's fortunes nosedived in the wake of money laundering accusations from the U.S. authorities.
On the road with Latvian exporters: Anatomy Next
From the outside it looks like a normal building in the Agenskalns district of Rīga. If you had to guess what went on inside, you would probably opt for the usual domestic dramas and dish-washing of any apartment block with perhaps a sprinkling of insurance brokering or book-keeping activity inside some smallish, cheapish offices.
Rubesa blasts "lip service" paid to Rail Baltica by officials in parting shot
Here are some of the key quotes from outgoing Rail Baltica CEO Baiba Rubesa's eye-opening resignation statement September 27. In a twenty-minute address she painted a picture of half-hearted commitment to the project by officials, clear conflicts of interest and needs for a major structural and financial overhaul.
Latvian national sentenced to 14 years in US prison over hacking
Latvian national, 38-year old non-citizen Ruslans Bondars, has been sentenced in the US to 14 years in prison for offenses related to his operation of Scan4you, an online counter antivirus service that helped computer hackers determine whether the computer viruses and other malicious software they created would be detected by antivirus software, Latvian commercial TV3 television reported on Wednesday.