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Sunday 24.06.2018 | Name days: Jānis
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Zatlers to submit Constitution amendments extending president’s powers

Today, March 16, the President of the Republic of Latvia Valdis Zatlers is to submit Constitution amendments to the Saeima, stipulating more power to the president to nominate candidates for Ombudsman, State Auditor General and Bank of Latvia President posts.

Fitch upgrades Latvia credit rating

Fitch Ratings has upgraded Latvia credit rating with positive outlook, Swedbank senior economist Dainis Stikuts told the business news portal BNN.

Bank of Latvia made no currency interventions last week

Last week, from March 7 to 13, marked the ninth consecutive week the Bank of Latvia has not bought or sold the euro, according to the information on the bank’s website.

CPCB: deputies rent apartments at higher prices than on market

The sums indicated in apartment rental contracts by the Saeima Deputies, who have declared their place of residence outside Riga and have exercised their right to apply for rent compensation, are significantly higher than the real estate rental prices in different Riga suburbs set by real estate companies, the Corruption Prevention and Combating Bureau has concluded.

Banks have no cunning plans in property market

It is wrong to say banks are artificially boosting or reducing real estate prices, because they do not have any cunning plans regarding this sector and they are forced to purchase the pledged properties at very low prices, Rietumu banka Board Member Aleksandrs Kaļinovskis says.

First «students town» underway in Latvia

Riga Technical University is to start work on the first student town in Latvia construction in the spring of 2011. The complex will be called RTU – Pilsēta pilsētā (RTU - Town Within a Town). and it will be located in Riga, Kipsala. Total costs of the project amount to 19 879 035 lats.

Latvia wants Lattelecom profit in dividends

The state of Latvia as the co-owner of Lattelecom will propose paying out the entire 2010 profit in dividends, however, an accept is still needed from the part of the other shareholder - Scandinavian telecommunications concern TeliaSonera, Economy Ministry of Latvia state secretary Juris Pūce told.

Euro loans are still popular

For several months, the lat interest rates on shorter time-limits were lower than the euro ones. While in terms of loans, the euro is still the most popular currency in Latvia.

Schibsted acquires TVNET

The Latvian Internet portal TVNET announces it has been purchased by a Scandinavian media group Schibsted Estonian branch Schibsted Baltics.

Subsistence minimum rises to 172.28 lats in February

This February, the subsistence minimum increased to 172.28 lats, amounting to 23- month-high, according to the Central Statistical Bureau data.

Newsec: investors from various countries see prospects in Riga property investments

Private investors from different countries are seeing prospects for investments in Latvia’s capital Riga, the real estate company Newsec Latvia Executive Director Olga Kozina concluded last week after the real estate exhibition MIPIM 2011 in Cannes.

95-octane fuel price at Statoil stations exceeds 90 santims

The price of 95-octane fuel at Statoil refuelling stations has mounted over 90 santims. Today, March 14, the price of this octane fuel at Latvija Statoil full-service gas stations increased by 0.5 santims, reaching 90.4 santims per litre.

Līvu alus reports highest growth in Latvia’s beer market – 9.1%

In 2010, the Latvian beer brand Līvu alus managed to double its sales volumes and the market share, overall achieving the largest increase in the beer market among all the Latvian beer producers, informs representatives of Cido Group.

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