Posts tagged as deposit

Foreign investors call for “openness” in deposit system tender

Monday, October 19, 2020

The Foreign Investors’ Council in Latvia (FICIL) has sent an open letter to the Ministry of Environmental Protection and Regional Development (VARAM) and the State Environmental Service (VVD) with an appeal to ensure openness in considering potential operators of a packaging deposit system, the influential organization said October 16. FICIL believes independent Latvian and foreign experts should be involved in the process. “The Foreign Investors’ Council in Latvia highly appreciate the efforts…

Murdered lawyer’s bank safes were emptied after his death

Thursday, August 27, 2020

Safe deposit boxes in the name of murdered attorney Mārtiņš Bunkus were emptied of their contents following his death, according to claims in the news weekly Ir , reported by the LETA newswire. According to  Ir , the day after Bunkus’ high-profile 2018 murder in when he was gunned down in broad daylight in what appeared to be a  well-planned professional ‘hit’  , two safe deposit boxes held at ABLV bank and…

Latvian companies develop “AI-based” deposit-refund system for plastics

Saturday, October 5, 2019

Two Latvian companies says they have found a solution based on artificial intelligence (AI) to what it calls the “two main global problems” regarding plastic packaging. Technology company, dots, and the process engineering and equipment manufacturing companyPERUZA says they have manufactured a prototype of a packaging deposit-refund system that can recognise and collect different kinds of packaging, not only packaging of certain types of beverages. The recognition deposit-refund system (DRS)…

Latvian companies start working on deposit machines for packaging

Tuesday, July 9, 2019

Machinery development and manufacture company SIA Peruza together with IT company SIA WeAreDots have commenced work on development of a packaging deposit machine and IT software that would identify and accept different types of packaging materials, as confirmed by company representative Alīna Kozlovska. She notes that a prototype could be ready by autumn this year. The prototype may be fitted with technological solutions like computer sight, AI and robotic manipulators.…

Estonia, Latvia start exploring possibility of creating common packaging deposit system

Friday, January 11, 2019

Estonian and Latvian authorities have started investigating if and how the two countries could set up a common packaging deposit system. In October of last year, the Estonian-Latvian intergovernmental committee decided to add to the committee’s agenda a proposal made by the Estonian minister of the environment regarding the development of a joint packaging deposit system. According to the protocol of the joint sitting, which was signed on Dec. 11,…

Third level pension plan deposit volumes reach new record value

Monday, June 25, 2018

Residents’ interest for pension savings remains high. The volume of deposits made to private pension funds in the first three months of 2018 has reached a new historic peak: a total of EUR 16.5 million has been paid to 3rd level pension accounts, which is 11.6% more when compared to the same period of 2017, as reported by Finance and Capital Market Commission. In Q1 2018, EUR 16.5 million was…