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Monday 24.07.2017 | Name days: Krista, Kristiāna, Kristiāns, Kristīne

Nuclear plant strategic investor tender to be announced shortly

By the end of next week Lithuania will publish a tender to build the new nuclear power plant in the country, as promised by energy minister Arvydas Sekmokas.

Licence for pawnshops and «quick credit» demanded

In order to give short-term credits, pawnshops and other credit institutions, excluding banks, will need a license. The changes, supported in the Saeima final reading stipulate it.

Melnā Kafija to export to Finland

After launching a new product under the brand name Arki Mokka, SIA Melnā Kafija (Black Coffee) has embarked on exports to Finland. The new brand and product has been developed in collaboration with the Finland associate, which will promote Arki Mokka product in Finland retail chains.

Additional 75 million lats to be obtained in dividends from state-owned companies

By increasing the yield on state-owned companies’ assets to the level of the European Union (EU), additional 75 million lats would be obtained in state dividends, the Prime Minister Valdis Dombrovskis informed the journalists.

Food producers loose turnover but not vigor

Four of Top 30 companies have managed to increase both turnover and profit.

Estonian economy expanded 3.1% in 2nd quarter

The gross domestic product (GDP) of Estonia increased by 3.1% in the 2nd quarter of 2010 compared to the same quarter in the previous year, according to the estimate of Statistics Estonia.

Budget revenue plan in eight months exceeded by 1.5%

In eight months of the present year, the Budget revenue plan in eight months has been exceeded by 1.5%, according to the State Revenue Service (SRS) data on its administered income implementation.

Estonia's current-account surplus increases

Estonia’s current-account surplus widened in the second quarter to 1.33 billion kroons from a revised 676 million kroons in the previous three months, according to BBN the Estonian central bank said today.

Deflation gradually shrinking

The average price level of consumption prices in August of the present year, as compared with August of the previous year, has decreased by 0.3%

Non-life insurance price to grow next year

This year the Latvian non-life insurance market, which is influenced by policy prices and their amount, could reduce by 20 - 30%, which is faster than it was initially forecasted (10 - 20%).

Prime Minister: if Ministry spendings are not reduced, taxes will be increased

If ministries do not find any possibilities of reducing expenditures, we will have to increase taxes to ensure budget revenue growth. «One thing is clear, something has to be done,» informed the Prime Minister Valdis Dombrovskis.

Latvia loses forest management certificate

The FSC certificate, which attests forest management accordingly with the requirements of FSC (Forest Stewardship Council), has been terminated, since during this year’s audit deep fissures were found in the soil, the Communication Department Manager of Latvijas Meži ,Tomass Kotovics (Tomass Kotovičs), told in an interview for broadcast Labrīt Latvija.

Bank of Latvia foreign reserves increased by 4.78% in a month

As compared with the previous month, at the end of this August, the foreign reserves of the Bank of Latvia have increased by 4.78% in a month's time reaching 5.849 billion euros (4.11 billion lats). The most part is formed by foreign convertible currencies.