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Monday 27.03.2017 | Name days: Tālrīts, Gustavs, Gusts

Unemployment in Latvia down to 8.3%

The registered unemployment rate in Latvia in late June was 8.3% with 78 164 unemployed persons registered with the Latvian State Employment Agency.

Finland phone unit to be closed by Microsoft, laying off thousand workers

U.S. software giant Microsoft has acknowledged it would close its mobile phone part in Finland, laying off 1,350 workers.

Lembergs’ case: Court lacks courage and will to decide on merits

In the crucial oligarch criminal case against Aivars Lembergs, the court at times lacks courage and will to decide issues on their merits regarding, for example, keeping the accused from counteracting the investigation, state prosecutors Juris Juriss and Aivis Zalužiskis evaluate.

Customs prevents smuggling of 269,880 cigarettes from Russia

The Customs Administration of the Latvian State Revenue Service has recently prevented the smuggling of 269,880 cigarettes from Russia into the territory of Latvia.

Latvian industrial output up 5.1%

In May 2016, as compared to May last year, industrial production output increased by 5.1 %, Latvian Central Statistical Bureau estimated.

Week in Lithuania. Alcohol buyers to be IDed from autumn

Beginning this fall, anyone purchasing alcohol in Lithuania will have to show their ID. The Ministry of Health and Lithuanian retailers have signed a memorandum that will set tighter restrictions on buying alcohol. The good-will memorandum has been signed by Lithuania’s largest retail chains and by the Cooperative Union, which unites a number of smaller stores.

How chebureki in Palanga resort became reflection of Lithuania‘s euro economy

Lithuania‘s adoption of the euro has jerked prices steeply upward and chit-chats of what-costs-what is one of the most daily topics across in Lithuania and in the Palanga resort, rightly dubbed Lithuania’s summer capital, too.

Forest regeneration costs in Latvia grew in 2015

In 2012, the average forest regeneration costs, depending on the forest land quality group, varied between EUR 620 and EUR 687 per hectare. In 2014, these costs accounted for EUR 558–EUR 662 per hectare.

Retail trade turnover in Latvia up 3.4%

Compared to May 2015, total retail trade turnover rose by 3.4% in May 2016. Turnover of retail trade in food products increased by 2.1%, whereas the turnover of retail trade in non-food products grew by 3.9%.

Russia extends its embargo on imports of agricultural products

Russian President Vladimir Putin has ordered the embargo on imports of agricultural products imposed against the European Union and other countries that have established sanctions against Russia for its aggression in Ukraine to be extended until the end of 2017.

Asian stock indices show market recovery from Brexit vote turbulence

Indices of Asian stock markets largely moved up showing financial market recovery from the instability that on June 24 and earlier this week followed the unexpected outcome of British EU referendum.

Court convicts two LuxLeaks whistleblowers

Court in Luxembourg has on June 29 convicted two French whistleblowers over links to leaking documents that pointed to Luxembourg offering tax sweetheart deals to large multinational companies.

Gradual growth of banking sector’s loan portfolio continues in Latvia

The total loan portfolio of Latvia’s banks has grown by 1.2% or EUR 172 million in May. This means that gradual growth of the total loan portfolio continues for the fourth consecutive month – loan portfolio had increased by 0.6% in April, 0.4% in March and 0.1% in February.