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Monday 21.05.2018 | Name days: Ingmārs, Ernestīne, Akvelīna

Latvia shipped 11.7% more oil products in Q1 2018

As part of the postponed excise tax payment regime, the volume of oil products shipped from Latvia in Q1 2018 was 13,869 or 11.7% larger than the one recorded in the same period of 2017, according to data compiled by the State Revenue Service.

Germany criticises U.S. attempts to block Nord Stream 2 gas pipeline

As to the controversial Nord Stram 2 Russian gas pipeline via Baltic sea to Germany, the German Economy has evaluated that American attempts to block it could be aimed at increasing U.S. a planned Russia-Germany gas pipeline to increase its own energy exports.

Construction output rise in Latvia was more rapid than EU’s average level in Q4 2017

Compared to last year’s October-December, Latvia’s construction output in Q4 2017 grew 19.9%, which is a much more rapid rise than the average in the European Union, according to data published by Eurostat on Thursday, 17 May.

Average real estate property price in Riga remains lower than in Tallinn and Vilnius

Real estate prices in Latvia’s capital city or Riga are behind prices in Tallinn and Vilnius. The price for 1 m2 in Riga is currently around EUR 1,390. Prices reach EUR 1,800 in Tallinn and EUR 1,500 in Vilnius, according to information analysed from kv.ee, city24.ee, dom.ria.com, city24.lv, aruodas.lt and domoplius.lt.

Number of foreign tourists hosted in Latvia’s tourist accommodations up 15.3%

A total of 454.2 thousand visitors stayed at Latvian tourist accommodation establishments in Q1 2018, which is 14.3 % more than in Q1 2017.

Rail freight volume in Latvia down 10.9% in four months

Compared to the same period of last year, rail freight volume in Latvia dropped by 10.9% in the first four months of 2018 and was 15.673 million tonnes, according to data compiled by Transport Ministry.

Women make savings for children's future more often than men

Among Baltic States, mothers living in Latvia prepare for their children’s future more actively. Parents in Estonia, on the other hand, are more generous when it comes to diverting money for their children’s future, according to SEB Life Insurance data.

FCMC to announce decision regarding ABLV Bank’s self-liquidation plan in May

Finance and Capital Market Commission plans to announce its decision regarding ABLV Bank’s self-liquidation plan in May, as confirmed by FCMC Communication Office manager Ieva Upleja.

Estonian women earned 21% less than men last year

The gender pay gap on Estonia that has previously decreased for three consecutive years has remained unchanged at about 20,9% between October 2016 and October 2017, Estonian statisticians have calculated.

Lithuania’s intelligence: Liberal party was the Trojan Horse of business giant MG Baltic

Lithuania has perhaps never seen this calibre political scandals like these ones grabbing the media headlines in recent weeks. First, the embattled former Liberals leader, Eligijus Masiulis, who is fighting influence peddling and corruption charges, made his personal correspondence with President Dalia Grybauskaitė public. The head-of-state goes as Tulip in the barrage of emails with Masiulis and the exchange reveals her heavy, some say, meddlesome engagement in the Lithuanian legislation.

Fitch ratings to Baltic states at 'A' grade with stable or positive outlook

Fitch Ratings, the American credit rating agency, has set its long-term rating of all three Baltic states at the 'A' grade, as its evaluation of Estonia's finances has been announced last week.

Audi discloses more issues with diesel car emissions

Volkswagen Audi carmaker has disclosed that another 60,000 of its A6 and A7 models with diesel engines have emission software irregularities.

Adidas quits selling its Soviet sportswear

The German sportswear giant Adidas has removed from its online stores clothing with the symbols of the Soviet Union it has recently been selling.

Google's pre-election advertising rules changed

The internet services' giant Google is requiring from those placing political ads during the next U.S elections to prove they are U.S. citizens or permanent residents after American tech companies have revealed that Russian propaganda outfits have bought adverts targeting American voters.

Industrial output in Latvia increased 0.6% in March

Compared to March 2017, industrial production output increased by 0.6 % in March. Production output in manufacturing went up by 1.5 %, while in mining and quarrying as well as in electricity and gas supply it fell by 5.9 % and 2.1 %, respectively.

Estonia visited by 39% more Russian tourists this spring

At accommodation establishments in Estonia in March 2018, five percent more domestic and foreign travellers have stayed than in the first spring month of 2017, Estonian statisticians have estimated.

Latvian government conceptually support diverting LDz profits for railway development

Latvia’s government has conceptually supported establishing the portion of Latvijas dzelzceļš profits to be paid in dividends in 2018-2020 at 0%, allowing the company to use profits and divert them to the development of infrastructure development and restoration, as confirmed by LDz.