Latvian ministries are most likely to fail in acquiring 30 million lats they have asked for EU co-financed projects, according to the Finance Ministry.
The Latvian and Baltic economies are continuing to expand; however the prevailing background has grown more negative. Recession is based on global structural problems that have not been fully resolved but only repaired by injecting cash in the economy, says Martins Kazaks, economist at Swedbank.
In the first half of 2011, Latvia reported a rapid upturn. Most likely it was propelled by export, investments and domestic consumption. Given the surging in imports in the first-quarter, growth was slower in the first quarter than in the second one, indicates Lija Strašuna, chief economist at Swedbank.
The current pre-elections atmosphere abounds in statements less should be consolidated in 2012, which is very thoughtless. Swedbank has slashed its growth outlook not only for Latvia but the whole world, says Martins Kazaks, Swedbank economist.
Overnight to Tuesday, August 23, around 4.30 am, the Latvian fishing vessel Kate run aground in the Baltic Sea near Kaltene. The five-man crew was evacuated; however there is a risk of diesel leakage.
In AS Ventspils Grain Terminal shareholders meeting, which took place in early April, it was decided to launch a new investment programme with environment-friendly projects.
Companies providing premium rate telecommunication services are currently enjoying flourishing times. Traditionally they offer messages for a higher price than mobile operators, however, it is rarely their only way of making profit.
In August, 2011, Latvia celebrates 20 years of its de facto independence. However only 15% of all its economically active population aged 18-55 approve of what has been achieved during these years.
The international online research company Gemius has for the first time released a report on Latvian websites’ page views. It contains gemiusTraffic statistics on the number of eight mobile websites’ cookies, pages views and visits in July 2011.