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Sunday 26.02.2017 | Name days: Mētra, Evelīna, Aurēlija

Construction costs down 1.2% in Latvia

Compared to March 2016, the level of construction costs in Latvia reduced by 0.7 % in April 2016. Prices of building materials decreased by 1.6 %, while labour remuneration of workers increased by 0.6 % and maintenance and operational costs of machinery and equipment – by 0.1 %.

Cherry collective shopping portal shuts down

Latvian and Estonian-based e-commerce company Cherry Media will shut down on Friday, 27 May. All services bought on the portal until now are all bound by contracts and the majority of clients will not suffer losses.

Government selects legal service providers for Rail Baltica construction

The joint Baltic company RB Rail has selected five legal forms that will be providing services during the design and construction of Rail Baltic/Rail Baltica railway line.

Price of oil reaches USD 50

Oil price has this week for the first time this year reached and surpassed USD 50) per barrel under the pressure of supply disruptions.

Homburg warns State Treasury about litigation against Latvia worth EUR 11.76 million

Dutch investment fund Homburg Eastern European Fund B.V., which represents private investors/pensioners, the owner of Homburg Zolitude and developer of the property in Riga, Priedaines Street 20, has submitted a warning to the State Treasury about the foreign investor’s litigation against the Republic of Latvia.

Putin sees no unsolvable differences between Russia and EU

To surpass differences in bilateral relations Russia and the European Union should form a partner dialogue on a fair and equal basis, Russian President Vladimir Putin evaluated in an article published in a Greek daily prior to his visit to Athens.

French nuclear plant workers join labour reform protests

With mass protests in France against highly unpopular labour reforms continuing, nuclear power plant workers have begun a strike on May 26.

Ministry: Russia does not oppose Latvia’s and China’s cooperation in transport field

Russia does not oppose Latvia’s and China’s cooperation in the transport field, as announced by Foreign Affairs Ministry’s state secretary Andrejs Pildegovics at the meeting of the Saeima Long-term Development Committee.

Latvia invites Kazakhstan to become a strategic partner in Eurasian transports

Latvia has proposed Kazakhstan to jointly develop a complex solution to establish cooperation between China and Europe in the field of logistics and cargo transport and become strategic partners in Eurasian transports.

Latvia positions itself as active member of Eurasian supply network at Astana Forum

«Latvia sees itself as an active member of the Eurasian supply network. This is why we become involved in multilateral cooperation formats and continuously search for new cooperation partners,» – said Latvia’s Transport Minister Uldis Augulis at the Astana Economic Forum.

Index of German business optimism points to improving climate in eurozone

An authoritative index of German entrepreneur optimism has grown unexpectedly, indicating that the business climate in eurozone’s leading economy is improving.

Aseradens: there will definitely be losses from KVV Liepājas metalurgs

The state had previously paid a guaranteed loan to KVV Liepājas metalurgs worth EUR 100 million. Up until now the debt before the state has been EUR 65 million and, considering the current situation in the company, the state will definitely suffer losses, notes Economy Minister Arvils Aseradens.

Silvanols creates a unique slimming product line

Silvanols pharmaceuticals company has invested EUR 20,000 to create a new and unique slimming product line Easyslim – it is the first slimming mouth spray created by Latvian scientists.

French tax officials investigate Google over alleged tax fraud

France’s tax officials have on May 24 conducted a large raid in Google’s offices in Paris as the American internet company is accused of unpaid taxes.

Eurogroup agrees to pay further bailout loans to Greece

The finance ministers of eurozone countries have on the night to May 25 reached an agreement on paying next bailout loans in the amount of 10.3 billion euros to Greece and on debt relief.

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