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Monday 25.09.2017 | Name days: Rauls, Rodrigo

Latvia had fourth highest inflation among EU member states in May

Compared with the same month of last year, Latvia had the fourth highest inflation index among EU member states in this year’s May, according to data from Eurostat.

Latvia experienced moderately rapid export growth among EU member states

When compared with the same period of last year, Latvia experienced a moderate export rise among European Union member states in the first four months of 2017, according to data published by Eurostat.

Nordea Bank supports development of new Latvian cosmetics

One of the leading cosmetics producers in Latvia – Kinetics Nail Systems – has received a significant amount of funding from Nordea Bank. EUR 400,000 will be used to refinance standing commitments and provide turnover funds, BNN was told by the bank.

Estonia’s economic growth forecast up 0.9% to 3.5% this year

Estonian central bank has considerably – by 0.9% - increased the country’s economic growth forecast to 3.5% this year.

Foreign Affairs Committee supports ratification of Rail Baltica agreement

The legislative draft, which is intended to ratify the agreement for the formation of Rail Baltica railway connection in Estonia, Latvia and Lithuania, was supported unanimously by Saeima’s Foreign Affairs Committee on Wednesday, 14 June.

Estonia’s energy security increased by 16m-euro hub substation

Estonian electric grid operator Elering has connected to its network the Viru hub substation built in the country’s north-east for 16.3 million euros.

Oil prices continue rising around to globe

Oil prices around the world continue growing in the world even though investors remain sceptical about the ability of OPEC member states and their partners to reduce overproduction on the global market.

Maxima Latvija signs agreement with Riga Plaza shopping centre

Maxima Latvija retailer has signed a rent agreement with fashion and entertainment centre Riga Plaza to secure space for the opening of Maxima XXX supermarket there. The company plans to invest EUR 2.06 million in this project, BNN was told by Maxima Latvija representatives.

Cargo turnover increase noted for Ventspils port terminals; declines noted too

Turnover of terminals working at Ventspils Freeport has grown 20% in the past five months in comparison with the same period of last year, as reported by Ventspils Freeport Authority.

Latvia’s Q1 growth was fourth most rapid among EU member states

In Q1 2017 Latvia’s GDP growth was the fourth most rapid among European Union member states when compared to the same period of 2016, according to data published by Eurostat on Thursday, 8 June.

airBaltic receives fourth CS300 aircraft

On Friday, 2 June, Latvian airline airBaltic received the fourth out of twenty ordered Bombardier CS300 aircraft, as BNN was informed by the company.

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