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Ceturtdiena 19.10.2017 | Name days: Drosma, Drosmis, Elīna

Whisky conquers Latvian alcohol market

Whisky is becoming more and more popular in Latvia, despite traditionally it has never been among the most consumed alcoholic beverages in Latvia.

Euro in Estonia boosts investors’ activities also in neighbouring countries

Estonia’s shift to the euro has positively influenced German investors’ business activities in Latvia and Lithuania. The number of investors convinced the euro in Estonia promotes the neighbouring countries’ business exceeds the one of those facing negative consequences.

Experts: another such week to result in fuel price hitting one lat

Another such week and the fuel price in Latvia will reach one lat. While in summer it will already exceed the one lat threshold, the political technologist Jurģis Liepnieks indicates to the business news portal BNN, when assessing the global oil market and the Latvian tax impact on the fuel price.

Regional and local televisions are being destroyed in Latvia

In Latvia, regional and local televisions are being gradually destroyed, the Chairman of the Latvian Regional Television Association and TV Spektrs owner Jānis Galviņš indicates.

Experts forecast oil price drops in late 2011

The global economy has not yet recovered enough to bear such high oil prices as at the moment, thus global oil prices could hit 105 dollars a barrel in late 2011, falling down to 98 dollars a barrel in 2012, Swedbank forecasts.

Housing prices drop 0.7%

In March 2011, housing prices in Riga suburbs hovered around the levels of May 2010, dropping 0.7% on monthly basis. While apartments prices have gained 23.4%, compared to September 2009, according to Arco Real Estate.

Legal persons’ insolvency case initiation becomes costlier

Legal persons’ insolvency case initiation has become more expensive, points out Agnese Kveska, the Chairwoman of the Latvian Certified Insolvency Process Administrators’ Association. She also notes that the number of insolvency processes is dropping.

Saeima Committee conceptually approves 2011 budget amendments

On Wednesday, April 6, the deputies of the Saeima Budget and Finance (Taxation) Committee conceptually approved amendments to the 2011 state budget by majority vote, deciding to forward them for the Saeima review. The amendments provide the state budget expenditure cuts hit 6.8 million lats.