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Wednesday 23.05.2018 | Name days: Leontīne, Ligija, Lonija, Leokādija

Government to decide on granting 2.112 million lats to emergency Saeima elections

The Finance Ministry is preparing the necessary documents for August 16 government meeting, in order to decide on the allocation of 2 112 776 lats to emergency parliamentary elections.

Financial market crisis might drive down export markets

It is hard to predict the impact financial market shocks could leave on Latvia’s prospects of attracting funds, in order to cover the deficit.

61% of citizens: Latvia is heading in wrong direction

61% of Latvian citizens believe that things are going in the wrong direction in Latvia, according to the survey carried out by the market, media and social research agency TNS Latvia.

Economist: foreign direct investments surge more than ever

Various one-time events played their role in the negative current account balance, which forms 61.9 million lats deficit. First of all, foreign direct investors' dividend pay-outs (67 million lats) had a negative effect on the current account, says Dainis Stikuts, Swedbank senior economist.

OCTA industry's losses – 800 000 lats

The first six months of 2011 brought no good for the OCTA industry, as insurance companies’ profit or loss calculation indicators report a loss of 800 000 lats.

Survey: Latvians don't trust in free loans

One fourth of Latvia population believe no fast crediting companies offer free loans to new clients, according to and social networking site survey.

Banker: Citadele should be sold not sooner than in three years

Citadele Bank should be sold not earlier than in three years, since now is definitely not the right moment for sale, considers Inesis Feiferis, board member of AS Latvian Business Bank and former head of AS Latvian Mortgage and Land Bank.

Latvians discuss politics more often than other Europeans

When meeting with friends and relatives, Latvian citizens tend to discuss local political issues linked to a particular municipality or political issues of a national scale. 28% of Latvia population regularly converse about local political issues with their friends and relatives.

Hostile pre-election campaigns ahead

Security Police expects the emergency Saeima elections will bring much slandering of political parties and candidates delivered via mass media.

Small pensions not to be indexed

Following objections from the Saeima Committee of Social Affairs and the Employment Committee, the Finance Ministry has decided to submit for review in the first reading an alternative draft amendment to the law On State Pensions, excluding from it the proposal to resume the indexation of state pensions not exceeding 165 lats a month.

Unemployment drops to 12.1% in July

As of late July 2011, unemployment hits 12.1% of all the economically active population, which is 0.5% percentage points less than in June, according to the State Employment Agency.

One in five travellers has visited Baltic States without passport

One in five or 20% of travellers from Latvia admit they have at least once forgotten their passport at home when going on a trip to other Baltic States. Moreover, one in ten respondents have left their passport at home more than once.

Survey: 60% of Latvia citizens content with their life

Majority or 60% of Latvian citizens are satisfied with their current life, according to a Eurobarometer survey carried out by the media and social research agency TNS Latvia.

Study: most profitable shopping site – Pērkam Kopā

CityLife takes up the largest market share in Latvia’s collective shopping site industry - 34%, followed by Cherry with 20%. While the most profitable online shopping site is Pērkam Kopā with 17% market share, according to the collective shopping site aggregator