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Ceturtdiena 23.11.2017 | Name days: Zigfrīda, Zigrīda, Zigrīds

Study: GDP potential to drop due to qualified labour shortage

Alongside with the decrease in qualified labour offer, gross domestic product growth potential will drop as well, concluded the University of Latvia PhD student of Social Demographics Ivars Indans in the study Highly Qualified Labour From Third Countries. International Experience and Latvia’s Situation.

Exclusive payment card World Signia to be offered by Rietumu Banka

Rietumu Banka offers customers exclusive payment card World Signia which has all the credit card features and functions together with a unique support service available virtually in any world language, as well as a variety of extra advantages, the business portal BNN was informed by Rietumu banka.

Medicine traders and producers relations worsening may result in price climb

The relations between medicinal product producers and traders growing worse, the medicinal products are likely to become more expensive, while the medicines at pharmacies – less available.

Baltic real estate bought the most by banks’ companies

This year the most active real estate buyers in the Baltics are banks’ real estate companies.

LEC Chairman: construction costs rise is expected

As the metal and wood material prices continue to increase throughout the world, construction costs could also rise in Latvia, considers the Chairman of SIA Latvijas Energoceltnieks Board Andris Asars-Asarovskis.

Lattelecom closes German and Ukrainian branches

The company Lattelecom is to close its branches in Germany and Ukraine, at the same time Lattelecom subsidiary company plans strengthening its positions in Lithuania, as well as to acquire the Russian market.

Sveza: only mergers can turn us into a global leader

Russian plywood manufacturer Sveza needs merging with other companies to become a global leader, says the company's Director General Andrei Kashubsky.

Experts: real estate tax based on baseless cadastral value assessments

Currently the real estate tax is calculated on the basis of ungrounded assessments and disproportionate rates, many local governments representatives, real estate market experts and tax payers are convinced.

Expert: airBaltic to face procurement problems in future

The financial conflicts with Riga International Airport on the whole havenot damaged the Latvian national airline airBaltic image in Europe; however, they could turn out to be an obstacle for winning in tenders related to servicing the European countries’ institutions in the future, considers the expert on transport industry Jurijs Zalicenko.

Retailers: VAT rise will negatively affect the economy

The value added tax rate increase would leave a negative impact on the inhabitants purchasing capacity and the economy in general, believe retailers.

Latvia’s mobile communication tariffs – possibly the lowest in Europe

Companies in Latvia pay on average 15-25 lats for each employee’s mobile connection calls monthly, which is 10-15% less than it was previously, says the Executive Director of the Telecommunications Association of Latvia (TAL) Jānis Lelis,