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Sunday 18.03.2018 | Name days: Ilona, Adelīna

Illegal tobacco comprises 38% of Latvian market

Last December illegal tobacco market share amounted to 38% in Latvia , according to TNS Latvia study. The same figure comprised 47% in Lithuania and 19% in Estonia.

Real estate market activity not to drop

In January 2011 the serial apartment prices in Riga remained at the level of the previous months and are considered to be stable. The first month of 2011 reported a rise in the number of people willing to sell their flats due to high public utilities bills or debts and purchase a flat with smaller living space instead, indicates Latio's housing market report.

Organizations plan basic salary increase

Entrepreneurs expect wage rise along with higher performance rate achievement by employees, reveals the labour market outlook survey by Fontes.

Criticism on the new Latvenergo tariff project

The Public Utilities Commission is criticizing AS Latvenergo submitted tariff project, providing related users are applied differentiated tariff, as not complying with legal acts. The Ministries of Welfare and Environmental Protection and Regional Development are also objecting to the new tariff.

Macro-economic indicators index grows by 5.3%

The macro-economic indicators composite index has surged 5.3% in December 2010, compared to the corresponding period of the previous year.

Latvia hits flu epidemic threshold

Latvian average incidence of influenza or flu exceeded epidemic levels in the fourth week of January, according to the Infectology Center of Latvia.

Danske Bank: Latvia’s GDP to grow 2.9% this year, next year – 3.1%

Latvia’s gross domestic product indicators could grow 2.9% in 2011, while in 2012 – 3.1%, indicates Danske Bank’s Baltic macroeconomic outlook.

CC: lower prices formulation to boost medicines producers competition

Both the Cabinet of Ministers approved surcharge system and the medicines producers fight for the doctor's, instead of the patient's choice in case of analogue medicines have not permitted to fully make use of the option to set lower prices to medicines.

Riga drafts almost 3 000 protocols for uncleared pavements and roofs

Since the beginning of December 2010, the police and inspections have overall drawn up about 3 000 administrative acts in Riga, of which around two thousand were prepared in January, the business news portal BNN was informed by the Riga City Council.

CPCB arrests Vaskevics for giving bribes worth 50 000 euro to SRS official

On January 31, 2011, the Corruption Prevention and Combating Bureau detained the Finance Ministry’s public official for bribery in the framework of criminal proceedings. The sum of the bribe amounts to more than 50 000 euro.

Latvia in risk of loosing EU funds

The generous European Fund, which has provided Latvia with nearly a half billion of euros over the past six years, may become more «thinner» in 2014. New European fund allocation regulations are actively discussed in Brussels and the current scenarios are not looking favourable for Latvia.

IMF: Latvia's policy should be more conservative

Given that it is difficult to forecast precise fiscal indicators, Latvia should be more conservative in its policy, considers the Senior Advisor at the International Monetary Fund European Department Anne-Marie Gulde-Wolf.

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