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Ceturtdiena 21.06.2018 | Name days: Monvīds, Egita, Emīls

EU sugar reform based on wrong data

The sugar reform carried out by the European Union (EU) was based on dated data without taking into consideration sugar beet producers interests, according to the European Court of Auditors.

Businessman: influence on political processes brings benefits

As long as you do not have a direct influence on political decision-making, the result will not be worth the invested work, the Chairman of AS Ceļu pārvalde Board Mārtiņš Lauva told in an interview to the business news portal BNN.

Minister of Interior: I take responsibility by solving the police crisis

I take full responsibility by solving the crisis situation currently at the police, the Minister of Interior comments upon the recent tragical events in a town of Latvia Jekabpils, at the same time dismissing the opinion she should resign.

Expert: long agony awaits the People’s Party

There is no scenario in which the People’s Party has a sunny future, and most likely a long agony awaits it, believes the Public Policy Centre Providus researcher Iveta Kažoka.

Huge wave of foreign-investor interest in Estonia

Estonia joining the eurozone and the Organization for Economic Cooperation and Development have boosted foreign investors interest in Estonia.

AS Kolonna Asset Management Chairman declared insolvent

Today, January 25, Riga Central District Court declared AS Kolonna Asset Management Board Chairman Jānis Lasmanis as insolvent and initiated his bankruptcy procedure, informs Kaspars Sadauskis, the Assistant to the Court Chairwoman.

Mobile broadband devices boost Ericsson profit

The world’s largest wireless network manufacturer Ericsson predicts the sales volume growth and much higher net profit due to the surge in mobile broadband equipment demand.

Transition to euro cost Estonia several million kroon

The European single currency euro has been in use for only a couple of weeks in Estonia, but the preparatory work for this transition lasted almost for a year, demanding large sums of money.

Registered unemployment rate up to 14.4%

The unemployment rate registered in late 2011 shows a climb of one percentage point, reaching 14.4%, according to the State Employment Agency (SEA) data.

Debts to cost the state budget even more

This year, the state will have to direct more than half a billion of lats to the domestic and external debt repayment. In 2010, the government debt rose by 785.92 lats or 18.3%, amounting to 5.08 billion lats.

Global unemployment rate still record high

Despite the world is gradually recovering from the crisis, the official global unemployment rate in 2010 was still record high, according to the International Labour Organisation statement.

Oil drops due to expected stocks climb

US oil price dropped on January 25 for a second session in a row, affected by the expected rise in stocks and weak technical outlook.

Former State Police and special unit Alfa employees involved in armed robbery

Two of the detained persons connected to the armed robbery in Jekabpils on Tuesday morning are the State Police Tukums District employees who have been previously dismissed from their posts due to other criminal proceedings. One of the detainees is the special unit Alfa member, informed the Interior Ministry’s representative Gunta Skrebele.

Broker of the Year 2010 and Stock Exchange Special Award winners

The Baltic Stock Exchanges award ceremony Baltic Market Awards recognized Deniss Makedonskis from Latvia as the Broker of the Year 2010, while the Stock Exchange Special Award was given to Stockholm School of Economics in Riga professor Alminas Zaldokas, NASDAQ OMX Riga told the business news portal BNN.

IMF raises global economic growth forecast to 4.4%

The International Monetary Fund has raised the global GDP growth forecast this year from the previous 4.2% to 4.4%.

Food not to become cheaper amid stable prices

Food price gains are linked to the VAT rise, global energy resources price surge and the low base of the last year, the Bank of Latvia President Ilmārs Rimšēvičs told.

Budget deficit not to cause problems with lenders

Despite this year’s budget deficit will be higher than scheduled, this will not cause Latvia any problems with the international lenders, believes the Finance Minister Andris Vilks.

Hospitality industry expert: some officials find joy in «torturing» businessmen

While the state was not able to ensure a qualitative offer for solvent and culture tourists, pretty and active girls took care of it by creating a chaotic offer to sex tourists, the former Hotel and Restaurant Association of Latvia Head Jānis Jenzis told in an interview with the business news portal BNN.

Experts: consumers to buy expensive telecommunication devices in 2011

The year 2011 will be characterized by clients’ activity to change the outdated telecommunication devices to new, expensive and prestigious ones, the Chief Executive of the Latvian Telecommunications Association Jānis Lelis informs the business news portal BNN.

Bank of Latvia President: budget should be created with a surplus

Nothing will change in the state until we do not formulate a budget with surplus, the Bank of Latvia President Ilmārs Rimšēvičs indicates.

Prosecutor General: involved parties hinder CPCB management probe

The complainant's case delay and the Corruption Prevention and Combating Bureau (CPCB) Head Normunds Vilnitis illness hinder the probe in the CPCB Head's alleged infringements, Prosecutor General Ēriks Kalnmeiers told after a meeting with the President of Latvia Valdis Zatlers.

Valmieras piens best selling product in 2010 - yogurt

AS Valmieras piens provisional turnover in 2010 amounts to 29.6 million lats, which is 9% more than in 2009. The yogurt segment reported the biggest sales volume growth, spiking 31%, compared to 2009.