AS “Sadales tīkls” (ST) Tariff to Increase for Everyone, Impacting Private House Owners the Most
AS “Sadales tīkls” (ST) has announced that their tariff will increase for all users, but it will have the most significant impact on private house owners. Kristīne Sarkane, a board member of ST, revealed this information during a meeting of the Environment, Climate and Energy Subcommittee of the National Economy, Agrarian, Environmental and Regional Policy Commission. ST representatives explained that the purpose of these tariffs is to encourage users to evaluate the capacity they need, thus freeing up infrastructure for others. The changes in tariffs for AS “Sadales tīkls” and AS “Augstsprieguma tīkls” will come into effect on July 1.
Bank of Latvia Adjusts Inflation and Economic Growth Forecasts
The Bank of Latvia has released its latest macroeconomic forecasts for June 2023. These forecasts were developed under conditions of high uncertainty. The bank has adjusted its predictions for inflation and economic growth, taking into account the current situation.
New Trends in Christmas Shopping Demand
As the Christmas season approaches, new trends in buyer demand have emerged. While sales of cheese and beer traditionally increase in the week before Christmas, this year, there has been an increase in the demand for milk and butter as people choose to make their own Christmas cheese. Additionally, non-alcoholic beverages, including non-alcoholic beer, have become more popular among buyers.
Swedbank Fined for Violating Sanctions
Swedish bank Swedbank has agreed to pay a penalty of over 3.4 million dollars (3.2 million euros) in a settlement with the US Department of the Treasury’s Office of Foreign Assets Control (OFAC). The fine is related to transactions processed by Swedbank in Latvia that violated US sanctions against Crimea.
Increasing Costs for Retailers Due to Garment Returns
The rise in e-commerce has led to an increase in garment returns. While this indicates that consumers are aware of their rights, it also creates significant costs for retailers.
Experimenting with Buying Shares in Banks
“Nákotnes kapital” conducted an experiment to determine the ease of buying shares for individuals who are not connected to the financial world and have never purchased stocks or securities before. The experiment aimed to assess the accessibility of buying shares for the general public.
Banks Ease Conditions for Housing Loans
Despite increasing interest rates, banks are easing the conditions for obtaining a mortgage loan. They are canceling commissions, fixing rates, and offering to change the terms of existing contracts free of charge in order to attract borrowers.
EU Faces Obstacles in Using Frozen Russian Assets
The European Union has encountered legal obstacles in confiscating frozen Russian assets directly. Instead, the EU is focusing on the temporary use of these assets, according to a document obtained by “Bloomberg.”
“Tele2” Files Complaint with European Commission
Telecommunications company “Tele2” has submitted a complaint to the European Commission (EC) regarding non-compliance with EU legal norms in the field of public procurement of mobile communications in Latvia.
Representative of ‘Sun Finance Group’ Detained in Vietnam
A representative of ‘Sun Finance Group’ has been detained in Vietnam, leading the company to plan its exit from the country. The Vietnamese police arrested the representative over the weekend.The tariff of AS “Sadales tīkls” (ST) will increase for everyone, the European Union is still thinking about how to deal with the frozen assets of the Russian central bank, but “Swedbank” has to pay a fine for allowing transactions that violate sanctions.
AS ‘Sadales tīkls’ (ST) tariff will increase for everyone, but some private house owners will feel the most painful changes, ST board member Kristīne Sarkane said at the meeting of the Environment, Climate and Energy Subcommittee of the National Economy, Agrarian, Environmental and Regional Policy Commission on Tuesday. At the same time, ST representatives explained that with these tariffs, the company forces users to evaluate the capacity they need, freeing up the infrastructure to offer to someone else.
The Bank of Latvia has published the latest macroeconomic forecasts for June 2023, which were developed under conditions of still high uncertainty.
In preparation for St. John’s Day, sales of cheese and beer traditionally increase several times in the week before Christmas. However, several new trends can also be observed. Some dairies note that the demand for milk and butter has increased this year, with people choosing to make their own Christmas cheese. Also, buyers buy non-alcoholic beverages more and more often, including the popularity of non-alcoholic beer.
Sweden’s “Swedbank” has agreed to pay more than 3.4 million dollars (3.2 million euros) in a penalty settlement with the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) in connection with the fact that “Swedbank”, operating in Latvia, processed transactions that violated US regulations. sanctions against Crimea, foreign media write.
Returning clothes in e-commerce is becoming more and more common. Although, on the one hand, this shows that the consumer is aware of his rights, it is costly for companies.
In recent years, it is increasingly said that everyone should think about their old age. One of the solutions recommended by experts is to invest money, for example, in shares. However, how easy is it for someone who is not connected to the financial world and has never bought stocks or other securities before? “Future Capital” decided to conduct an experiment to find out exactly that.
Interest rates on loans are increasing, but in order to attract borrowers, banks one after another report easing the conditions for obtaining a mortgage loan: they cancel commissions, fix rates and offer to change the terms of existing contracts free of charge. “Delfi Bizness” studied how much the banks are ready to compromise with the client, and whether it has really become easier to get a mortgage.
The European Union has concluded that it cannot legally confiscate the frozen Russian assets directly, and is instead focusing on the temporary use of these assets, according to a document obtained by “Bloomberg”.
Multi-service company “Tele2” has submitted a complaint to the European Commission (EC) regarding non-compliance with European Union (EU) legal norms in the field of public procurement of mobile communications in Latvia, company representatives inform.
Over the weekend, the Vietnamese police arrested the representative of the Latvian company “Sun Finance Group” Aigaras Plivča for lending money at huge interest, reports the Internet newspaper “Saigon News”.
What were the findings of the “Nákotnes kapital” experiment regarding the accessibility of buying shares for individuals unfamiliar with the financial world
Ent of the Treasury’s Office of Foreign Assets Control (OFAC). The fine is related to transactions processed by Swedbank in Latvia that violated US sanctions against Crimea.
The rise in e-commerce has led to an increase in garment returns, creating significant costs for retailers. While consumers exercising their rights is important, retailers have had to bear the burden of handling and restocking returned items.
“Nákotnes kapital” recently conducted an experiment to assess the accessibility of buying shares for individuals not familiar with the financial world. The experiment aimed to determine how easy it is for the general public to purchase shares and securities.
Despite rising interest rates, banks are making it easier for individuals to obtain housing loans. They are eliminating commissions, fixing rates, and offering to modify existing loan agreements free of charge in an effort to attract borrowers.
The European Union is facing legal obstacles in confiscating frozen Russian assets directly. Instead, the EU is focusing on temporarily using these assets, according to a document obtained by “Bloomberg.”
Telecommunications company “Tele2” has filed a complaint with the European Commission regarding non-compliance with EU legal norms in the field of public procurement of mobile communications in Latvia.
A representative of ‘Sun Finance Group’ has been detained in Vietnam, prompting the company to plan its exit from the country. The representative was arrested by Vietnamese police over the weekend.
It is concerning to see Sadales tīkls facing a tariff increase, which may ultimately burden consumers. Additionally, strict penalties like fines should serve as a reminder to financial institutions like Swedbank to strictly adhere to sanctions and avoid jeopardizing global security.