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Sunday 28.05.2017 | Name days: Vilhelms, Vilis

Economist: price climb is not logical

Price climb is not inevitable in the current conditions, on the contrary, it contradicts the rules of logic in economy, the economist Andres Arrak, says Director of Business Management Institute Mainor.

Non-stop attempts to steal fuel

Illegal fuel obtaining ways differ in Latvia, and according to fuel dealers, may comprise 30% of Latvia’s domestic gas market.

Every fifth inhabitant plans moving abroad

Approximately every fifth (19%) economically-active inhabitant of Latvia, aged 18 to 55, plans leaving Latvia to live abroad in the nearest time.

Prieditis: negative attitude hampers recovery

It was very difficult to survive the construction material business bankruptcy; yet, at the same time there were many things to learn, appreciate and understand, admitted the Co-owner and Director of the already liquidated Tapeks empire Vilnis Prieditis. Despite the fact that he often encounters negative attitude, the businessman is again planning new projects.

Factoring for Latvian businessmen – hardly available also in long term

Foreign business deals with Latvian companies will still be constrained by the state’s high risk of credit risk insurance.

Court representatives might be compensated for salary cuts

Saeima Legal Committee Judicial Policy Subcommittee concedes that in early 2011 court representatives might be paid compensations for the reduced wages, this would require from the state budget as a minimum - half a million lats.

Lithuania lowers excise tax on alcohol

The Lithuanian Parliament has supported the reduction of excise tax on alcohol by 27.5%. The new tariff will enter into force on January 1, next year.

Standard & Poor’s rises Latvia credit rating

Rating agency Standard and Poor's has announced that it was rising Latvia credit rating from BB to BB+, while maintaining a stable credit rating outlook, the business portal BNN was informed by the Ministry of Finance.

RTR Chairman: rout taxi handover to Rīgas Satiksme is the only alternative

On December 7, the Deputies of Riga City Council Traffic and Transport Committee approved route taxi handover to the Municipality’s company SIA Rīgas satiksme.

Agricultural land area in farm households grows by 15%

After surveying 86.4 thousand or 96% households, according to preliminary results managing 1.9 million hectares agricultural land in 2010, it was concluded the indicator has remained flat.

LFTA President: contraband fuel reaches one-third of total consumption

Contraband fuel in Latvia could amount to one-third of the total fuel consumption, but the actual estimates should be provided by the law enforcement institutions, because each illegal percentage leaves a dent of 4 million lats in the state budget, believes the President of the Latvian Fuel Traders Association Ojars Karcevskis.

Milk to become more expensive

During the following months the price of milk products could repeatedly increase, despite the fact that this year their price has climbed at least by 20%.

Study: few elementary school children in Latvia show good performance in reading, mathematics and sciences

There is a relatively small number of elementary school children with excellent achievements in reading, mathematics and sciences.