Posts published in Day: August 25, 2021

Two more Afghan citizens evacuated to Latvia

Wednesday, August 25, 2021

Two more citizens of Afghanistan and their families who had cooperated with the European Union’s mission have been evacuated from the country and transported to Latvia, Foreign Minister Edgars Rinkēvičs said on Twitter August 25. Thus, Latvia has currently evacuated four Afghan nationals from Kabul. Two families already arrived in Latvia on Sunday. According to Rinkēvičs, the evacuated Afghan citizens once provided support for the National Armed Forces (NBS) contingent. The Minister also…

Transport in Latvia 2021 statistics compiled

Wednesday, August 25, 2021

The Central Statistical Bureau of Latvia has published a compilation of statistics August 24 regarding various aspects of the transport sector. The collection of statistics includes information on the length of roads, number of vehicles and transport operations broken down by the main modes of transport, and covers the period from 2010 to 2020. You can download the full report (Latvian/English) at the official  https://stat.gov.lv/en/statistics-themes/business-sectors/transport/publications-and-infographics/7270-transport-latvia  statistics website. LSM.LV

Swedbank: Estonia may have highest economic growth of past 15 years in 2021

Wednesday, August 25, 2021

Swedbank has forecast 2021 economic growth in Estonia of 8 percent, up from 3 percent forecast in April. This means the country is likely to experience its fastest rate of growth in 15 years, Swedbank says, though it has revised its 2022 forecast downward slightly, to 4 percent. Avoidance of economic overheating, particularly in construction, is also important, Swedbank says. Declining consumption opportunities and consumer uncertainty are the main factors…

Opinion Transnational education: The next Estonian export?

Wednesday, August 25, 2021

Worldwide, the coronavirus pandemic has closed borders and reduced the number of students studying abroad. At the same time, however, it has actually opened new opportunities for Estonia to further promote itself as a world leader in higher education. Now’s the time for Estonia to apply its e-state expertise to transnational education, writes Jay Allen Zameska, a student representative at the University of Tartu. Many of the most famous Estonian…

Financial authority: Luminor anti-money laundering regime needs tightening

Wednesday, August 25, 2021

Anti-money laundering (AML) systems and internal rules at Estonian bank Luminor need improving, the financial supervisory authorities of all three Baltic States have found. Estonia’s financial supervisory authority, the Finantsinspektsioon, along with the the Financial and Capital Market Commission (Latvia) and Lietuvos bankas (Lithuania) had carried out an on-site inspection of Luminor AS in all three countries concurrently. The inspectorates found Luminor needs to determine in its procedures relating to…

Latvia records 249 new Covid cases Wednesday

Wednesday, August 25, 2021

On Wednesday, August 25, Latvia recorded 249 new cases of the Covid-19 infection, according to the Disease Prevention and Control Center (SPKC). This is the highest number of cases recorded in a single day since June 8. Of the 249 cases, 204 were unvaccinated persons, or persons not fully vaccinated, and 45 were fully vaccinated. The total number of cases detected since the start of the pandemic now stands at 141,536. Of…

68 people denied entry to Latvia on Belarusian border overnight

Wednesday, August 25, 2021

On Tuesday, August 24, 68 illegal migrants were deterred from crossing the Latvian-Belarusian border, according to the Border Guard. No persons were detained for having crossed the border illegally. In total, after the  state of emergency   was announced on August 10 in the Latvia-Belarus border area allowing the border guard to promptly deny entry and return migrants to the country of origin, 544 people have been denied entry into Latvia.…

Vaccination currently at slowest pace since spring

Wednesday, August 25, 2021

This week, vaccination against Covid-19 in Latvia has hit the slowest pace this summer, LETA reported August 25. In the first two weekdays, around 4,300 people were vaccinated daily, even fewer than in the Midsummer week when on average around 4,500 people were vaccinated daily. The single-day record in Latvia was hit on May 28, when around 24,700 people received their jabs. On Tuesday, August 24, 4,188 people received jabs against Covid-19, including 2,274…

€60 million state budget cuts to be reviewed next month

Wednesday, August 25, 2021

Better-than-expected economic performance, and with it higher tax revenues, have raised questions whether spring’s proposed cuts of €60 million to the state budget will go ahead unchanged. However, more will be known following the economic forecast published in September, and ahead of the state budget for 2022 itself, which must be finalized at the end of that month. The issue also relates topolitical differences between the two coalition partners– Reform…

Kariņš: Latvia will not shut down economy this year

Wednesday, August 25, 2021

The government hasn’t planned to shut down the economy this year despite the anticipation of the next Covid-19 outbreak in the fall, Prime Minister Krišjānis Kariņš told Latvian Radio August 25. “Our economy is growing right now. It is very positive that we have already reached pre-crisis rates,” said Kariņš, stating that the government no longer wants or intends to suspend the activities of specific sectors or to return schools to…