Date: 21.02.2020.

International Internet Magazine. Baltic States news & analytics Friday, 10.04.2020, 06:02

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Electric power generation in Latvia up 5% in January

Electric power generation in Latvia up 5% in January

21.02.2020

In January 2020, Latvia generated 629,077 megawatt-hours (MWh) of electric power, up 5 percent against the same period last year, according to an electricity market review released by Augstsprieguma Tikls transmission system operator.

Keyword tags: Energy, Energy Market, Good for Business, Latvia



Number of company mergers in Latvia increased in 2018 and 2019 - Competition Council

Number of company mergers in Latvia increased in 2018 and 2019 - Competition Council

21.02.2020

The number of merger reports submitted to the Competition Council over the past two years, 2018 and 2019, was by 63% higher than in 2016 and 2017, the Competition Council's representatives told LETA.

Kariņš: The overhaul of Latvia’s financial sector supervision has been a resounding success

Kariņš: The overhaul of Latvia’s financial sector supervision has been a resounding success

21.02.2020

Following the successful implementation of a new financial crime prevention system, Latvia will not be subject to ‘enhanced surveillance’ or included in the so-called ‘grey list’, concluded the Financial Action Task Force (FATF) at its plenary session in Paris on 21 February. Latvia is the first “Moneyval” member state that has successfully implemented all FATF recommendations.


woola form Estonia wins Fifty Founders Battle pitch competition at TechChill 2020

woola form Estonia wins Fifty Founders Battle pitch competition at TechChill 2020

21.02.2020

Estonian startup woola wins TechChill 2020 pitch competition and receives the main prize. The lucky winner took home 10 000 EUR, no strings or equity attached, got fast-tracked to Startup World Cup finals in San Francisco and AWS credits worth 10 000 USD. Adact, Hugo.legal, VeritaCell all received 100 000 EUR total soft commitment by a syndicate of Latvian Business Angel Network LatBAN, informed TechChill representatives.

FATF decides not to add Latvia to its "grey list"

FATF decides not to add Latvia to its "grey list"

21.02.2020

The Financial Action Task Force (FATF) has decided not to put Latvia under increased monitoring, which means it will not be added to the so-called "grey list" of countries failing to properly combat money laundering and terrorist financing, LETA was told at Prime Minister Krisjanis Karins' (New Unity) office.


21.02.2020

Tourist numbers in Jurmala up 5.4% last year

The number of tourists in Jurmala increased by 5.4% in 2019 compared to 2018, Elita Cepurite, Jurmala City Council spokeswoman, informed LETA, referring to the data from the Central Statistical Bureau (CSB).

21.02.2020

Latvia: Over a month level of producer prices in industry remained the same

Data of the Central Statistical Bureau (CSB) show that, compared to December 2019, in January 2020 the level of producer prices in Latvian industry didn't change. Prices of products sold on the domestic market reduced by 0.7%, but prices of exported products – increased by 0.7%. Prices of products exported to euro area countries increased by 0.4 % and prices of products exported to non-euro area countries – by 0.9%.

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