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Sunday 30.04.2017 | Name days: Liāna, Lilija, Alta

Nazaruks: Latvia is a vital economic partner of Belarus

Latvia is one of the main economic partners of Belarus, even more important than, for example, China or Germany, asserted the representative of the Embassy of Belarus in Latvia Igors Nazaruks.

Kirsons avoids paying wages, instead issuing loans

The owner of Lido Gunars Kirsons has paid wages to several employees in the form of issued loans.

Credit Register available not only to «fast» loans providers but also SRS

Further on the Bank's of Latvia maintained Credit Register will be available to all consumer credit providers, thus making the selection of borrowers more thoughtful.

Flick: possible conflict of interest is nonsense

Bertolt Flick, the President of airBaltic, has applied to the state representatives expressing sharp criticism, indicating that the talks on possible financial conflicts have to end.

Economists: the set course should remain flat after elections

In order to avoid Latvia’s economic stagnation, after the elections the set economic course must remain the same, considers the Latvian and foreign experts.

Berzins: surprises may occur after the elections

It is possible that there might be few surprises after the elections; however, it depends on the election results, believes the Chairman of Saeima Budget and Finance Committee Guntis Berzins.

Dombrovskis: Latvia daily spends 2 million lats more than it earns

The budget deficit still remains high in Latvia. We spend two million lats more than we earn every day, said the Prime Minister Valdis Dombrovskis.

European Parliament supports extension of EU gas network

The European Parliament approved the new Bill on the security of gas supply, which included an offer to unite those countries that practically have been isolated from the gas network of other Member States of the European Union.

Small companies save labour market

Supporting and encouraging small and medium-sized enterprises could be the solution of reducing unemployment and creating new long-term job positions, this opinion was maintained in the discussion Mazie uzņēmumi vs. lielās eksportspējīgās kompānijas – plusi un mīnusi ekonomikai.

Dombrovskis applies to Prosecutor General Office regarding airBaltic

The Prime Minister Valdis Dombrovskis has turned to the Prosecutor General Office asking for their judgement on whether the Shareholders Cooperation Agreement, which was concluded by the former Minister of Transport Ainars Slesers (Ainārs Šlesers) on March 4, 2009, between the Latvian State and SIA Baltic Aviation Systems, is in compliance with the state interests.

Memorandum against higher education funding cuts signed

Several organizations have signed memorandum of cooperation proposed by Latvian Students Association (LSA), which provides joint work on higher education funding model development and common effort against any reduction of funds in the education sector.

Expert: Latin America’s fate might befall on US

The increasing state debt and budget deficit, the paralyzed and collapsing political system, as well as the passivity of investors, reminds of the processes that happened in Latin America, in 1980’s. If the US does not take an action, the Latin America’s fate might befall on it, believes the Chief Executive of the investment company PIMCO Mohamed El-Erian.

The Baltics first air cargo route to China

A new air cargo route between Lithuania and China has been opened. The regular route between Kaunas and Shanghai was launched today with the aircraft IL-96 cargo landing at the Kaunas International Airport.

Flick can only be dismissed by his own company

With compliance of the shareholders agreement Bertolt Flick can only be dismissed or elected by the company Baltijas aviācijas sistēmas that he himself owns, which means that the state's control in this matter is limited.

Ignorance about real estate valuation system

Neither State Land Service nor the Ministry of Justice (MJ) have succeeded in explaining comprehensibly and clearly real estate valuation system to the tax payers, who are left ignorant about how the state has calculated the value of their property, considers the state Secretary of the MJ Martins Lazdovskis (Mārtiņš Lazdovskis).

VAT rate rise to books rejected

The deputies of Saeima Education, Culture and Science Committee, yesterday, September 21st, rejected the Ministry of Finance proposal to apply the value added tax rate of 21% to book industry, instead of the current 10%.

Housing price increase forecast

For the sixth month in a row, the number of those who predict the housing price increase in Latvia is greater than the number of those who anticipate price drop.

New competitor of Lattelecom

Information technology and Internet services provider SIA Kurzemes datorcentrs, promises to compete with Lattelecom in Kurzeme region by offering interactive television next year.

Bertolt Flick hinders government

The state has not been able to recover airBaltic brand due to hindered actions of Bertolt Flick, the Prime Minister Valdis Dombrovskis.

Vaikulis: external processes affect the price increase

The political impact on the macroeconomic processes is overrated, noted Zigurds Vaikulis, the Head of Parex Asset Management Market Analysis Department in an interview for LTV1 broadcast Labrīt, Latvija!.

Sensation of new European maps

Eight European map models have gained great popularity. They represent the states of different individuals' point of view, taking into account a number of stereotypes of the countries.

Kubilius: Gazprom threatens Lithuania

The Prime Minister of Lithuania Andrius Kubilius has expressed his concern about the major shareholders of Lietuvos Dujos threatening Lithuania with gas supply disruption.

Experts convinced of crisis end and economic stabilisation

The majority of investors and analysts are sure that the financial crisis is over and the global economy has stabilized.

Banking sector losses in late August – 299.2 million lats

During the first eight months of 2010, seven Latvian banks and two foreign bank branches operated with profit, in total earning 7.1 million lats; however, at the end of August, the total volume of loss in the banking sector amounted to 299.2 million lats.

Germany increases advertising spendings for informing society

The German Chancellor Angela Merkel’s implemented national budget reduction program foresees additional money for advertising spending.

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