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Saturday 23.06.2018 | Name days: Līga

Moody’s upgrades Latvia’s future outlook

On Monday, June 6, the rating agency Moody's improved Latvia’s future outlook from stable to positive, maintaining the credit rating at the previous level (Baa3), the Finance Ministry informs the business news portal BNN.

Economist: 2012 budget formulation crucial for market sentiment

Financial markets are not excited about any short-term political uncertainty; however, in the current situation the 2012 state budget formulation will be crucial for the further development and market sentiment, considers Elmārs Zakulis, deputy head of Bank of Latvia Monetary Policy Department.

Riga pays 3 000 lats a year for a slum on Moscow Street

The largest slum owned by Riga City Council is finally being torn down - deconstruction work was started on June 6. Up to now, the municipality paid 3 000 lats a year for the privately-owned building in an emergency condition.

More people forecast financial stability

In April, people were more optimistic regarding the current situation in Latvia, however, the overall sentiment is still exceedingly negative with 75% of the respondents saying the country is not on the right path.

Trade Union: it's time to merge Interior and Justice ministries

It is time for the government to meet its pledges and merge the Interior and Justice ministries, thus, allowing to save up financial resources and cut the swollen bureaucratic apparatus, according to the Trade Union of Latvian Interior Employees.

Tourism industry to see 15% rise

Despite fuel price gains and other cost increases likely to reduce opportunities of travelling around Latvia, rural tourism businesses hope the number of tourists will not drop this summer, but even grow.

Harmony Center ensured Berzins election

Harmony Center (Saskaņas centrs) played a crucial role in The Greens and Farmers Union's (Zaļo un zemnieku savienība) nominated presidential candidate Andris Bērziņš becoming the new President of Latvia.

SEB bank: inflation slows down Latvian growth

2011 first quarter's growth of the gross domestic product can be called slow and unsatisfactory, which is also reflected in the insignificant drop in unemployment. Whereas, Estonian economy expanded 8% and Lithuanian one - 6.9%, SEB economists say.

Current account surplus - 52.7 million lats

In the Q1 of 2011, the Latvian current account surplus rose to 52.7 million lats or 1.7% of the projected GDP.

The Economist forecasts long and hot summer for Latvia

Latvia is currently under threat to produce more news than it can actually consumer, reports business newspaper The Economist, pointing out a long and hot summer expects Latvia.

Cargo freights surge in all means of transport

In the first quarter of 2011, freights carried by all means of transport reported a rise. 14.83 million tons of freights were carried by rail ─ a growth of 11.7% over the first quarter of 2010.

Constitutional Court Justice calls for her power suspension

On assessing information from the General Prosecutor Office, Vineta Muižniece, Constitutional Court Justice, calls for suspension of her power today, May 3. She announced this right before the CC session where it was planned to elect the deputy chairman.

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