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Stirring up scandal over ungrounded suspicions – common in Latvia
It is a custom in Latvia to stir up a scandal based on unfounded suspicions, indicates Andris Ameriks, Riga Deputy Mayor and Chairman of Riga Free Port, when commenting on the conducted investigation by the CPCB in the so-called oligarchs’ case.
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Gas tariff rise to affect 70% of residents' financial situation
Majority (70%) of the economically-active residents of Latvia, aged 18 to 55 years, believes that the gas tariff increase, starting from July 1, this year, will affect their household’s financial situation.
Expert: abandoning pension system to take up several decades
Theoretically, it would be possible to abandon the current pension system; however, this would require several decades, believes Gunārs Kūtris, chief justice of the Constitutional Court.
Register of Enterprises struggles with executing decision on Lembergs' case
The Register of Enterprises (RE) is facing difficulties in executing the High Court of England and Wales’ ruling on imposing restrictions on shares whose possible beneficiary is the Mayor of Ventspils Aivars Lembergs.
US credit rating in treats of steep downgrade
The rating agency Standard & Poor's is ready to downgrade the US credit rating to «selective default» level if the White House does not pay the national debt worth 30 billion US dollars (LVL 14.67 bln) by August 4, this year.
28 tonnes of clothing and footwear donated to needy people
With the support of the association Latvijas Zaļais punkts 28 tonnes of clothing and footwear were donated for charity by the residents of Latvia.
Latvia to advocate the same EU funding
Latvia’s key priorities in the EU's multi-annual budget for the next programming period (2014/ 20) are: to maintain the Cohesion Policy envelope (financing for structural funds and Cohesion Fund) at least at the same level (of 2007/ 13 programming period) and to attain fair direct payments to all EU member states’ farmers.
Belarus asks Russia to freeze the gas price
Belarus has requisted Russia to freeze the gas price this year, announced Vladimir Semashko, the country’s Deputy Prime Minister. So far, Belarus, who is currently facing an economic crisis, has managed to pay for Gazprom's supplied gas within the set time-limits.
No drivers licence needed in Estonia from July 1
Starting from Friday, July 1, a law comes into force in Estonia, enabling car drivers to leave their driving license and technical certificate at home. The only condition – drivers must carry with them a personal identity document.
Myspace sold for 35 million dollars
The world's third largest media conglomerate News Corporation has sold the social networking site MySpace for 35 million US dollars.
Eurozone’s inflation estimate for June – 2.7%
In June 2011, inflation in the eurozone is likely to hit 2.7%, compared to the same month last year, reports Eurostat.
Construction costs in Latvia up 0.5%
Compared to April, construction costs in May 2011 rose an average of 0.5%. Labour remuneration increased 3.0%, with the maintenance and operational costs of machinery and equipment remaining at the same level, while prices of construction materials dropping 0.1%.
Riga Mayor to return to Riga next week
Nil Ushakov, Chairman of Riga City Council, is to return already next weekend from Germany, where he is currently receiving treatment.
Retail trade turnover grows 2%
Compared to April, the total retail trade turnover rose 2% in May 2011, according to seasonally adjusted data at constant prices.
Obama: yellow light flashing for US economy
The US economy has already signalled yellow light and to avoid switching to red light people await relevant actions from government officials by lifting the set national debt threshold.
Brent crude rises above 112 US dollars
Brent crude has exceeded 112 US dollars. This was prompted by shrinking US oil stocks and weaker dollar due to the Greek parliament's decision to take austerity measures.
Latvia ready to participate in Visaginas nuclear power plant project
The Latvian and Lithuanian Prime Ministers met to discuss the Baltic energy independence, agreeing on the need to strengthen the Baltic States’ position in the EU, jointly defending countries’ interests, including the financial outlook.
Latvia could benefit from civil involvement in Afghanistan
We cannot predict the situation in 2014 with one hundred percent certainty, says the Defence Minister Artis Pabriks, when commenting on the possibility to withdraw Latvian soldiers from Afghanistan after three years.
Liquid crystal displays to be produced in Ventspils
The company SIA EuroLCDs, which was recently-established in Ventspils, plans to open a three-dimensional (3D) imaging technology plant, investing around six million euro in it.
Expert: elections to spark hate; Zatlers resembling Uncle Scrooge
The pre-election campaign before the emergency parliamentary elections will be full of hate, dividing the society, Dans Titavs, board member of the Latvian Exporters and Investors Club, who was excluded from the party New Era, predicts in his column at the magazine Kapitāls.
EU’s third lowest electricity and gas prices recorded in Latvia
In 2010, household electricity prices in the European Union (EU) surged 5.1% over the previous year. While the third lowest electricity price was recorded in Latvia, according to Eurostat data.
Citadele Bank ready to invest 100 million euro in Latvia's businesses
In order to boost the Latvian domestic market activity, Citadele Bank is prepared to invest more than 100 million euro or 70.3 million lats in the Latvian business this year.
Twitter founders launch new project – Obvious
Biz Stone and Evan Williams, co-founders of the social site Twitter, are planning to revive the company Obvious, whose development was started several years ago, serving as an «incubator» for Twitter technology projects.
Latvia reports the second lowest employment rate for men in EU
Last year, the highest employment rate in the European Union (EU) member states for people aged 20 to 64 years was registered in Sweden, the Netherlands, Denmark and Cyprus, while the lowest – in Malta, Hungary, Italy, Spain and Romania.
Pasažieru vilciens receives only one tender application
Only one candidate has applied for the new electric and diesel train procurement tender organized by the company Pasažieru vilciens, reveals the company's management.
May 21 in pictures
Riga mayoral candidate. Guntis Belēvičs: bull in a china shop?
Survey: popularity of current Ventspils management is below 50%
Economic Diary: Smash Business with Taxes
Latvia's foreign trade export is growing faster than import
Latvenergo's profits drop by 18.5% in 2012
Slow-down in Estonia’s growth expected
PAA bath manufacturer modernizes production plant and creates Silk Stone material
Paul Krugman declined participation in the First Riga Economic Forum
Friendship between Unity and Prudentia: gigantic losses for state budget
HM: smoking in the presence of a child is considered abuse
Bathing season officially open in Latvia
Latvia's living costs reach record high level
Infographic: How teens' habits threaten the future of Facebook
Petrol price fixing scandal: oil giant bosses to be jailed if found guilty
Bloomberg: The eurozone must be split to save EU
French President: austerity endangers EU
May 16 in pictures
Greek politician slaps woman live on TV
Colombia hosts Miss Pole Dance 2012
VIDEO: Airline fined for in-flight bikini show
VIDEO: The birth of a snowflake
VIDEO: World's most dangerous marketplace
May 20 in pictures
Photos of the week, 2013.05.17.
May 15 in pictures
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