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Tuesday 20.02.2018 | Name days: Smuidra, Vitauts, Smuidris

4G frequency allocation may bring millions

It would be could if Latvia could collect a couple of millions from 4G frequency usage rights auction, says Andris Virtmanis, head of Public Utilities Commission, Electronic Communications and Postal Department.

Growing demand for barbecue grill and protection against mosquitoes

Arrival of hot weather in May and June has boosted demand for a number of goods topical in summer. For example, demand for barbecue grills and protection against mosquitoes grew by half in the second week of May, compared to the first one.

airBaltic passenger turnover grows 10%

In May 2011, the Latvian national airline airBaltic flew 326 204 passengers from Riga, Vilnius and Tallinn, thus, outdoing May 2010 performance by 10% (295 809 passengers).

Sushi Box to distribute its production in Narvesen

Latvian company Sushi Box is now taking up retail, as its sushi is already available on airBaltic menu and since June 15 also in Narvesen stores.

Municipal roads get additional 3.4 million

Latvian government has supported allocation of additional 3.4 million lats to municipal roads and streets maintenance in 2011, Elina Balgalve, representative of the Transport Ministry, told the business news portal BNN.

Euro may slow down Estonian export

A strong argument for the euro introduction was stability ensured by the single European currency, however, Henley Business School lecturers claim the euro can harm successful Estonian exports.

Expert: labour emigration to harm Latvia soon

Labour emigration will have a negative impact on Latvia already in near future, says Baiba Savrina, professor at the University of Latvia and Sorbonne University, expressing her concern also families with children are among the ones who leave.

Insolvencies drop by half

In the first five months of 2011, 609 insolvency process have been initiated in Latvia, of which the majority was registered in May - 168.

Economists: price gains to stop next year

Global price gains boost inflation, but we expect this will halt next year and prices will hit their maximum in 2011, dropping from the current 5% down to 2.5% in Latvia, Lithuania and 3% in Estonia, Swedbank economists say.

Rimi: pre-crisis levels still far away

Over 600 thousand people became Rimi loyalty card holders, new shops are being launched and the situation is gradually improving, however, it will still take several years to return to pre-crisis levels, Zane Enina, head of Rimi Latvia Marketing and Public Relations department told the business news portal BNN.

Latvian typography wins in Norwegian national company's tender

Latvian typography United Press has won in the tender organized by a Norwegian state-owned company, thus, voicing concern in the entire Norwegian polygraphic market.