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Monday 25.06.2018 | Name days: Maiga, Milija

Rīgas namu pārvaldnieks’ profits declined 19.5% last year

According to provisional data, turnover of Rīgas namu pārvaldnieks was EUR 55.098 million in 2017, which is 6.6% less when compared to 2016. Company’s profits declined by 19.5% to EUR 407,023, as detailed in information published by the company.

Forecast: week’s beginning in Latvia – warm and rainy; week’s end – cold and dry

There is a high probability that maximum air temperature at the beginning of the week in Latvia may exceed +10° C. Nevertheless, there is an equally high probability that cold may return in the second half of the week, causing air temperature to decline to -10° C, as reported by State Environment, Geology and Meteorology Centre.

Shopping trends: the faster – the better

Experts of Latvia’s retail trade industry conference Retail Riga 2018 have compiled the most topical shopping trends in Latvia and around the world, as well as possible challenges that could potentially change shopping experience for residents and organization of work for traders.

Regulator predicts natural gas transmission tariff decline

Public Utilities Commission’s council has approved amendments for the natural gas transmission system’s service tariff calculation methodology. According to the regulator, changes will help raise efficiency of the transmission system’s operator – AS Conexus Baltic Grid.

SEB Bank: businessmen in Estonia and Lithuania are more ambitious; have plans to hire more people

16% of Latvian small and medium-sized companies have plans to increase the number of their employees. The number of such businesses has increased in Latvia in comparison to the previous year, when the proportion of such companies was 12%, according to results of a study by SEB Bank.

Baltics want faster US decisions on the region’s air defence

Ahead of the meeting of three Baltic presidents with US President Donald Trump on April 3, Lithuania, Latvia and Estonia have called on the key ally to make «faster decisions» on the region’s air defence.

Latvia’s Saeima supports transition to education state language in second reading

On Thursday, 8 March, Latvia’s parliament supported in the second reading amendments to the law to ensure schools in Latvia gradually transition to education only in state language. It is planned for the transition to commence 1 September 2019 and end 1 September 2021.

Inflation is in decline, but experts see signs of growth in Latvia

«Annual inflation continued to decline in February, which is not a big surprise, considering that prices continued growing rather rapidly. While inflation was surprisingly low in January – around 2% –, it was only 1.8% in February. There are concerns this year’s inflation may exceed 3%,» says Luminor Bank’s expert Pēteris Strautiņš.

«If we stop, the world stops» - Spain's women's strike gathers several million

In Spain, the day of the first women's day strike has been passed, as women taking part stopped working and were been urged by organisers to spend no money and not do any domestic work for 24 hours.

Air temperature in Latvia may rise to +10° C on weekends and beginning of next week

Weather in Latvia on Friday, 9 March, will remain influenced by a cyclone. Because of that, it will remain cloudy and some precipitation is expected, as reported by Latvian State Environment, Geology and Meteorology Centre.

LCCI asks Latvenergo’s profits to be diverted to reduce bills for residents

On Thursday, 8 March, Latvian Chamber of Commerce and Industry decided to request Latvenergo’s profits of EUR 78.9 million to be diverted towards reducing electricity bills for residents and differentiation differences caused for businessmen, BNN was told by the council.

Average consumer price level in Latvia up 1.8%

During the year, the average level of consumer prices rose by 1.8 % in Latvia. Prices of goods grew by 1.1 % and prices of services by 3.6 %.

Swedbank: Latvia is the greenest Baltic country, but inequality remains a risk

Latvia is currently experiencing rapid economic growth. Nevertheless, society is experiencing this growth at an unequal pace. Income inequality can negatively affect sustainable growth. Weak results in management (such as legislative power) put obstacles in the path of lasting economic development. This is why economic indexes should be observed from a long-term opinion, Swedbank representatives say.