Latvian Saeima committee approves criminal prosecution of lying deputy
On Wednesday, the 28th of December, Saeima’s Mandates, Ethics and Submissions Committee unanimously decided to ask the parliament to permit criminal prosecution of…
Outlook: average inflation in Latvia in 2023 may stay at 9%
In Latvia the average annual inflation in 2023 may reach 9%. At the beginning of the year inflation may remain very high –…
Latvia’s Ušakovs picked as European Parliament’s rapporteur general
Latvian MEP Nils Ušakovs (Harmony) has been picked as rapporteur general of the European Parliament’s and other European institution’s budget for 2024, as…
Electricity price up by one-fifth in November, down by half last week in Latvia
In November 2022 the average electricity price, when compared with October, increased by 20%, according to Latvenergo Electricity Market review. Last week the…
Heavy fighting in eastern Ukraine, Russia revenges for sanctions
Russian forces are engaged in a fierce battle near the heavily devastated Bakhmut in eastern Ukraine, but the situation is mostly unchanged and…
War in Ukraine: Moscow demands concessions to its requirements
On the 26th of December Russian Foreign Minister Sergey Lavrov issued an ultimatum to Ukraine, which includes giving all currently occupied territories to…
INDEXO submits application for banking licence
Investment Management Joint-Stock Company (IPAS) INDEXO has submitted a request to the Finance and Capital Market Commission (FKTK) for a banking licence, as…
Taiwan extends compulsory military service
Taiwan will extend the duration of compulsory military service from four months to one year in 2024, writes Reuters. Taiwan’s President Tsai Ing-wen…
Latvia’s Ministry of Finance warns the country is on brink of energy crisis
After two difficult years of Covid-19 the year 2022 commenced in Latvia with hopes for restoration of some order. This, unfortunately, never happened….
