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Sunday 22.10.2017 | Name days: Irīda, Īrisa

Experts: consumers to buy expensive telecommunication devices in 2011

The year 2011 will be characterized by clients’ activity to change the outdated telecommunication devices to new, expensive and prestigious ones, the Chief Executive of the Latvian Telecommunications Association Jānis Lelis informs the business news portal BNN.

Valmieras piens best selling product in 2010 - yogurt

AS Valmieras piens provisional turnover in 2010 amounts to 29.6 million lats, which is 9% more than in 2009. The yogurt segment reported the biggest sales volume growth, spiking 31%, compared to 2009.

Maxima fined 45 000 lats for slow settlement with producer

The Competition Council has imposed the chain store Maxima a 45 000 lats fine for the abuse of its dominant market position in retail, when settling for the bakery SIA Siguldas Maiznieks products. The settlement period has been excessively long.

LTV and Latvijas Radio likely to merge

The public media – Latvijas Televīzija and Latvijas Radio – technical existence will be undermined in the next two to three years, because much of the existing radio and television assets base has zero value. Therefore, the National Council for Electronic Media is asking to support and incorporate its proposal of a new Latvian public electronic media establishment in the government’s action plan.

Child benefits in Latvia the smallest in EU

Over the last two decades 1998 reports the lowest birth rate, when the number of babies born dropped below 20 000, while the highest one was registered in 1987 and 1988 with 40 000 babies. At the same time the number of women at a fertile age has remained more or less flat.

Rīgas siltums: heating bills to be smaller in January

In January the heating bills will be lower, both compared to December 2010 and January 2010, AS Rīgas siltums Board Chairman Normunds Talcis indicates.

State officials to have limited access to vehicle permits

The Ministry of Transport has decided to disallow state administration employees to require vehicle permits.

Latvian Employers’ Confederation: our cautiousness delays entering Russia

It is the Latvian cautiousness that hinders enterprises from entering the Russian market, considers the Latvian Employers' Confederation Permanent Representative in Russia and a businessman Zigurds Skrodelis.

Ventbunkers and Litasco return to the negotiation table

After weeks of a stalemate in the dispute with the Lukoil subsidiary Litasco, the parties have agreed on negotiations to discuss the problems regarding oil fuel stored at the Ventbunkers terminal located in Ventspils, BNN was informed by informed Rudolf Meroni the Chairman of the Supervisory Board of a/s Ventbunkers (VBU).

Lithuania State Social Insurance Fund deficit - 2.75 billion litas

The Lithuanian State Social Insurance Fund shows a deficit of 2.75 billion litas (LVL 558 billion), however it is 20 million litas less than planned.

Leaving restaurants without paying not popular in Latvia

The practice of leaving restaurants without paying for the service is not popular and common in Latvia, recognize the surveyed representatives of restaurants and pubs by the business portal

Producer prices in manufacturing surge 3.1%

Compared to the average level of 2009, producer prices in 2010 have grown by 3.1%. Prices have mainly climbed in waste collection, treatment and disposal; materials recovery (by 40.9%), and in the manufacture of metals (by 24.5%), wood and wood products, except furniture (by 10.0%).

Latvia in face of real estate deficit

Latvia may experience quality real estate shortage in one or two years, moreover, in all market segments, indicate the company Colliers International research data.

Vilnius to raise heating price

Residents of Lithuania might face a heating price surge, due to the outstanding debt of 41.4 million litas (LVL 8.4 million) boosted by growing current prices.