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Monday 28.05.2018 | Name days: Vilhelms, Vilis

EC warns Latvia about disregarding EU air quality requirements

Latvia has not managed to deal effectively with excessive PM10 – small airborne particle – emission, which in high concentrations can be hazardous. Therefore, Latvia has been ordered to improve the situation within two months, otherwise the European Commission will file the case to the European Union Court.

Finance Ministry: export and import to surge less in 2011

Export and import will grow at a slower pace this year, as full load of production capacity is about to hit its maximum and export growth rates will depend more on new investments in manufacturing industry, the Finance Ministry told the business news portal BNN.

Estonian Air new aircraft brings new challenges

The long-awaited Bombardier aircraft owned by the Estonian national airline Estonian Air arrived in early 2011. The new aircraft can significantly reduce noise level and fuel costs. Despite all this, passengers will have to face unexpected additional costs as well.

Electricity tariff rise to reach 39% this year

After evaluating the tariff changes, the Latvian Association of Local Governments believes Latvenergo’s statement that the tariff increase will affect only half of the households and the average tariff will change by 21% starting from April 1, is not true.

Regulator approves Latvenergo new tariffs project

The Pyblic Utilities Commission has approved AS Latvenergo new energy tariffs project, envisaging a new procedure of calculating tariffs starting from April 1, according to Latvenergo board member Uldis Bariss.

Marupe Agricultural Centre applies for insolvency

The poultry company Marupe Agricultural Centre has applied for insolvency, mentioning the difficult economic situation as the reason, the Centre’s Board Member Kārlis Krastiņš points out.

Taxi wars also in Liepaja

Taxi companies interests have clashed also in Liepaja, similarly as two years ago in Riga. Local taxi services providers have already divided their territories, which is against the law. Moreover, they do not intend to let their competitors enter them. A fight has brought the conflict to the Court already.

Riga Dairy to focus on Russian market

Riga Dairy (A/S Rīgas piena kombināts) turned 53 million lats last year, surpassing the performance of 2009 by 12 million lats. The company explains this by growing exports, amounting to 22% of the total turnover, Riga Dairy public relations manager Irēna Bērziņa told the business news portal BNN.

Estonian economy grew 3.1% in 2010

Estonian gross domestic product increased 6.6% in the 4th quarter of 2010 compared to the same quarter of the previous year. This means that the GDP for 2010 grew by 3.1% compared to the previous year, according to the flash estimate of Statistics Estonia.

Electricity tariffs not to change for 49% of Latvia’s households

After analyzing the data of all households’ consumption in 2010, it was found that the annual electricity consumption is less than 1 200 kWh for 61% of households in Latgale, 51% in Kurzeme, 48% in Zemgale and 46% in Vidzeme; therefore, they will pay for electricity in line with the current electricity tariff.

External trade grows 26.4%

The total external trade turnover at current prices formed 10 507.3 million lats last year – 26.4% or 2 195.3 million lats more than in 2009.

President of Lithuania seeks to break heating monopoly

The president of Lithuania Dalia Grybauskaitea has pressed lawmakers to break the monopoly of the heat supply market, simplifying the terms of abuse of a dominant market position as well as increasing penalties.

Foundation: LNG projects in Latvia and Lithuania can be mutually compatible

Projects of liquefied natural gas (LNG) reception terminal with a re-gasification plant can break Gazprom’s monopoly in the three Baltic States and Poland, creating a competitive regional market through supply diversification and mutual interconnection.

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