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Sunday 28.05.2017 | Name days: Vilhelms, Vilis

Latvia – leader among Baltic States in popularity of hybrid cars

Residents’ interest towards sustainable lifestyle, including technologies that support it, there has been an increase in the number of hybrid cars sold in Latvia.

Vitol and Helios now own 100% of Vivo Energy

Following the acquisition of 20% of Vivo Energy shares by Vitol Africa B.V., Helios Investment Partners and Vitol have become owners of 100% of Vivo Energy, as reported by Vitol Baltics representative.

Among Baltic States, Latvia exported and imported the least in the past two months

In the first two months of 2017, Latvia’s export volume was EUR 1.642 billion. Lithuania exported goods worth EUR 3.865 billion and Estonia exported goods worth EUR 1.921 billion.

Kucinskis: it is important to form a unified Baltic gas network

Baltic States and Poland should cooperate more closely in efforts to resolve important matters, says Latvian Prime Minister Maris Kucinskis.

Latvian Traders Association: tax reform is being realized at the expense of small businesses

The tax reform provides for a major increase of labour costs for small employers. In accordance with Finance Ministry’s offer, these companies will have to find more than EUR 13 million to, at the very least, maintain their business activities, Latvian Traders Association comments on the situation.

Lithuania set to cut university number from 14 to 4

Lithuania has taken on the biggest ever revamp of its high education – two international-level universities and two technological universities are expected to remain in the country after a planned reform of the current high education system.

Government approves new state budget priorities funding processes

Latvian government approved the new state budget priorities funding process, BNN was informed by Finance Ministry.

Kalnozols: Latvijas Gāze is being used to stifle Latvia’s residents

Latvia’s gas market opened on 3 April. However, this change came without any notable benefits and losses for households. At the moment everything shows that alternatives have appeared only for businessmen, whereas the freedom of choice for households is purely theoretical. On top of that, Latvijas Gāze remains a monopoly on the market, says Saeima member Valdis Kalnozols.

Nasdaq Riga applies monitoring status to multiple companies

On Tuesday, 2 May, Nasdaq Riga decided to apply monitoring status to multiple companies: Ditton Driving Chain Factory, Daugavpils Locomotive Repair Plant and VEF Radiotehnika RRR, as confirmed by the board.

BATL: economic aspects are just as important as security in Nord Stream 2

«Participation in Nord Stream 2 project can contribute much to Latvia’s economy. This is why it is important to assess the project from a security aspect and the possible benefit for the national economy and development,» BNN was told by Baltic Association – Transport and Logistics.

Wasserkabel heating and cooling technology production plant to open in Ventspils

Creation of German Wasserkabel Baltic production plant has been concluded at Ventspils High Technologies Park. There it is planned to manufacture the first energy-efficient, environmentally friendly and durable heating and air-cooling systems in Latvia and Baltic States, company representatives promise.

Facebook rejects claims on ads to emotionally unstable teenagers

Reacting to claims over a leaked study, the management of Facebook has denied claims that the popular social network has offered advertisers to target emotionally insecure teenagers.

Study: number of Baltic tourists’ trips to USA increases

In the summer season, Baltic tourists prefer to travel by air to Asia and UAE. The most popular destinations reachable by land include Italy, Spain and Germany, according to information compiled by travel agency Estravel and car rent company Budget.

Lithuanian PM: Lithuania will hush Latvia in pursuit of Chinese investments

Lithuanian Prime Minister Saulius Skvernelis must have scratched Latvia‘s ego. «In the competition for Chinese investments, Lithuania should overcome Latvia,» the head of Lithuanian Government declared after meeting Zhang Dejiang, China‘s Parliament Speaker.

American company shares traded the most; Apple shares popular the most in Baltics

Shares of Apple, Amazon and Facebook were traded the most in Q1 2017, as announced by international online trading and investment company Saxo Bank. Deals with Apple shares were the most popular among Saxo Bank’s Baltic investors.