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Wednesday 18.10.2017 | Name days: Rolanda, Rolands, Ronalds, Erlends

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.

Baltic States and Poland interested in nuclear plant building

The Baltic States and Poland have expressed their interest in continuing to collaborate with regard to regional energy projects, said Prime Ministers of the states in a meeting in Warsaw.

SEB banka: Latvia’s economy exceeds forecasts

This year, in the third quarter, compared to the second quarter, the GDP has grown by 0.8%, as well as after nine quarters of decline has convincingly returned to an increase.

Export grows by 30.7% over year

Similarly as the third quarter GDP data, the external trade data also indicate unexpectedly positive performance. In September, Latvia’s export volumes reached new, unprecedented heights, reporting 460.7 million lats, which is by 30.7% more than in September last year.

Experts: government's planned revenue can be smaller than forecast

When planning the next year's budget, the government must take into consideration that revenue from certain measures might turn out to be smaller that forecast previosuly, report SEB bank experts.

Experts: unemployment to remain relatively high also next year

Third quarter this year reported 18% proportion of job seekers among all the economically active population, which is 1.4% less, compared to the previous quarter and 0.4% less than in the third quarter 2009.

Latvia to take part in worldwide anti-banking campaign

Latvia residents plan joining Germans proposal of December 7 - to withdraw all cash from banks, thus taking part in the anti-banking campaign.

Industrial production output grows by 1.2%

October this year reports industrial production output at constant prices - 384.9 million lats.

RIGIBOR – smaller than EURIBOR

In late November, the three-month RIGIBOR fell to 0.82% mark; consequently, the three-month RIGIBOR rate is smaller than the three-month EURIBOR rate, which is uncharacteristic, because historically RIGIBOR has almost always been above EURIBOR rate.

LNT - the most watched channel in November

In November LNT was the most watched television channel in Latvia, as 15.5% of total television watching time was devoted to it, according to TNS Latvia data.

Expert: Estonians aspire money, not work

The unemployment rate in Estonia is that high not because there is a lack of job openings, but because the unemployed people ask disproportionately high salaries, says Estonian academician Endeli Lippmaa.

Flick: euro must be introduced as soon as possible

I advocate joining the eurozone as soon as possible, moreover there is no other alternative for Latvia, believes airBaltic President Bertolt Flick, as he is convinced the current euro crisis will propel introducing changes to the European financial system.

Agriculture Minister: we cannot prohibit foreigners buying land in Latvia

The transitional period for restrictions on foreigners to buy land in Latvia ends in May, next year. The government has supported the extension period, and now «the Deputies have to decide on it,» indicates the Agriculture Minister Janis Duklavs.