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Tuesday 20.02.2018 | Name days: Smuidra, Vitauts, Smuidris

Riga Mayor assumes Dalkia might boost its influence in AS Rīgas siltums

French investors Dalkia might increase its influence in the main heat supplier of the capital city AS Rīgas siltums. However, it would not be the block of shares, because the company can only own less shares than the City Council, according to Riga Mayor Nils Ušakovs.

Banker: tax policy should boost business not squeeze it

The state's tax policy should foster business, instead of crashing it, Rietumu banka Council's Member Aleksandrs Kaļinovskis indicates.

Product prices in Latvia approach consumers spending limits

Currently, the Saeima's proposed amendments to the Competition Law will not only reduce the assortment of goods and launch of new products, but also worsen the local production possibilities to compete with imported goods, indicates Noris Krūzītis, the Executive Director of the Latvian Food Traders Association.

Bank of Latvia’s foreign reserves in late February – 5.386 billion euro

Compared to January, in late February 2011, the Bank of Latvia’s foreign reserves have fallen by 1.08% – to 5.386 billion euro (LVL 4.1 billion lats).

Passenger carriers to protest, up to 50% of runs might be cancelled

On March 24, a warning protest campaign will be held, during which we have called for regional passenger carriers to significantly reduce the number of runs, it is expected that up to 50% of runs could be stopped, the Passenger Carriers’ Association Director Imants Zālītis reveals to the business news portal BNN.

Expert: solution for pension problem – social budget revenue rise

In the long-term, the only way out from the vicious circle of pension problems is boosting the social budget revenue, which can be achieved by business development and legal remuneration promotion. In a situation with low income of the people, the social budget spending cuts alone will not solve the problem.

Prices in Estonia surge faster than European ones

Spiking global prices of fuel and food added to the climbing prices in February, but still, prices in Estonia are surging at a faster pace than in Europe in total, according to economic expert of the Development Fund of Estonia Heidi Vitsura.

TeliaSonera repeatedly expresses wish to acquire state shares in LMT and Lattelecom

After the Prime Minister Valdis Dombrovskis’ new government approval in late 2010, the Nordic telecommunications giant TeliaSonera repeatedly sent letters to the Prime Minister, expressing readiness to resume negotiations on the privatization of the state-owned SIA Latvijas Mobilais telefons and SIA Lattelecom’s public shares.

US interested in investing in Latvian energy and IT sector

The potential in attracting investments from the United States lies in the energy and information technologies, where soon new cooperation projects are possible, indicates Lorraine Hariton, the US State Department’s Special Representative for Commercial and Business Affairs.

Usakovs appoints indebted businessman City Development Department head

Riga Mayor Nils Ušakovs has appointed businessman Uldis Jansons Riga City Development Department head. Jansons liabilities exceed 230 thousand euro.

Expert: not all institutions take into account Personal Data Protection Law

The current situation shows not all institutions consider Personal Data Protection Law, neither do they see how it applies to certain IT projects, according to data protection expert Māris Ruķers.