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Ceturtdiena 19.10.2017 | Name days: Drosma, Drosmis, Elīna

Housing prices in Riga rise 1.4%

In March 2011, the apartment prices in Riga spiked 1.4%, with the buy-out of cheap apartments fostering the average price increase.

Potholes make up 30.5% of total BTA insurance claims

If last year 419 CASCO and CASCO Potholes claims were received due to damage caused by hitting a pothole, then during the first 80 days (2.5 months) of 2011 already 30.5% of the total number of claims filed in 2010 have been received.

Households debt to Latvijas Gāze – 6.5 million lats

In March 2011, the total household debt to the company AS Latvijas Gāze comprised about 6.4 million lats, while the number of debtors – 132 000 people. Compared to 2010, the total debt has surged 1.7 million lats, Latvijas Gāze press secretary Vinsents Makaris informs the business news portal BNN.

Consumers’ loyalty to Latvia-produced sugar keeps prices up

People's desire to buy sugar produced in Latvia, regardless its price, kept sugar price high, concludes the Competition Council (CC), when assessing the competitive situation in ordinary one-kilogram pre-packaged sugar market.

Expert: part of state administration takes bribes

There are three different groups taking bribes in state administration, whereas a combination of sudden caprices and constant competition among the strongest players runs the state, says the former State Chancellery Policy Coordination Department deputy head Uģis Šics.

One in three motorcycles in Latvia has OCTA insurance

Although currently only every third motorcycle in Latvia has an OCTA insurance (Compulsory Motor Owners Third Party Liability Insurance), judging from the experience of the previous years, people will buy the policies five times more in April, ERGO forecasts.

Ventspils Mayor: international lenders are mostly right

We cannot say the international lenders requirements are wrong, for the most part they are right, Ventspils Mayor Aivars Lembergs says, stressing the lenders want Latvia to progress, hence the strict requirements.

Changes in OCTA law enable receiving indemnity from one's own insurer

The direct loss regulation system, stipulating that owners of cars damaged in road traffic accidents receive a compensation from their insurer, will facilitate Latvian vehicle owners’ life, while the newly-adopted provision in OCTA Law will force insurers boost the quality of their services, considers the Latvian Vehicle Insurance Bureau Board Chairman Juris Stengrevics.

Expert: interest rates surge throughout the world

To restrict the price gains, interest rates are being raised all over the world. Moreover, this year the Euribor rate is climbing as well, points out Swedbank Estonia analyst Annika Paabut.

Dairy industry representative: people buy price, not product

Dairy production output dropped 15% on average during the past year, according to Latvian Dairy Producers' Central Union's data on February 2011, compared to the same period a year ago. Moreover, people are more carefully assessing what products to choose, turning especial attention to special offers and prices.

Unemployment rate falls 0.1%

In late March 2011, the unemployment rate in Latvia formed 14.4%, dropping by 0.1 percent point, compared to February 2011, the State Employment Agency informs the business news portal BNN.