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Saturday 25.05.2013 | Name days: Junora, Anšlavs

Prime Minister concedes increase in GDP projections

Considering the current economic situation and budget implementation figures, upon review of gross domestic product (GDP) projections there might be up-going corrections, Prime Minister Valdis Dombrovskis told journalists after his meeting with the President Andris Berzins.

Escaped bear shot dead in Latvia

Even after found by Ligatne Nature Trails workers, bear Made continued to wander through the local forests and no treats could convince her to return to the enclosure. Based on experts’ recommendations, a decision was taken to shoot and kill the animal.

Police to probe whether Krajbanka was pushed into insolvency

The administrator of the insolvent Latvijas Krajbanka is asking the State Police to probe whether the bank was deliberately pushed into insolvency.

Amur tiger dies in Riga

After long efforts a tiger couple had been finally created in Riga Zoo. At first female tiger Katrina arrived, then she was followed by Vasja – male tiger who died in March this year.

Latvia to allocate half a million dollars to Afghanistan defence forces

Starting from 2015 the government is planning to allocate half a million US dollars per year to Afghanistan defence forces, according to the government's meeting on Tuesday, April 17.

Public company buys expensive advertising from basketball clubs

Over the past two years, the subsidiary of Latvian Railways - LDZ Cargo has concluded advertising contracts with two basketball clubs. The total value of the deals nears half a million lats (about 943 000 dollars).

Projections show a decrease in unemployment levels

The registered unemployment level in Latvia will decrease, Bank of Latvia economists predict.

Giving Latvian citizenship to non-citizens

1500 citizens support the idea to hold a referendum on whether or not give Latvian citizenship to non-citizens, «For even rights» movement coordinator Andey Tolmachev reports.

14.3% of Latvians have tried drugs

14.3% of all Latvians aged 15 - 64 have tried illicit drugs at least once in their life.

National television wants a law on its funding

"The Latvian national television channel LTV's funding must be written into a law, perhaps even the Constitution, so that its budget is not subject to fluctuations in the political climate," says Edgars Kots, LTV Director General.

Economists expect unemployment to drop

While the unemployment rate is growing in Europe, it is gradually dropping in Latvia, economists say.

State debt increases by LVL 461.8 million

The state debt’s nominal value reached LVL 5.678 billion in the end of February, increasing by LVL 461.8 million in the beginning of the year. The external state debt was LVL 4.978 billion or 87.7% of the whole state debt, the previous debt being LVL 699.5 million or 12.3% of the whole state debt.

Riga port ban does not hinder PKL fleet

Even though the PKL fleet is forbidden to work in Riga port, the transport company’s profit only reduced by 15% last year. These results are much better than they could have been.