Despite the previous prognosis on oil price climb up to 100 US dollars (50.3 lats) per barrel, the world’s largest oil trading house forecasts the price increase will be modest next year, reaching 85 US dollars (42.7 lats).
During three year’s time, prices have grown by 12% on average in Estonia. This is significantly more than the observed average price climb (7%) in the European Union.
Good acquaintances of Russia’s Prime Minister Vladimir Putin – businessmen Yuriy Kovalchuk and Gennady Timchenko intend to develop business in Latvia and use it as a base for economic expansion in Europe.
Apartment prices in the capital cities of the Baltics testify for the fact the real estate sector has survived the sharp downturn caused by the global economic crisis. After having experienced the lowest level, the prices are currently climbing.
Russian nuclear power industry sees opportunities to profit from reactors building in developing countries, including India, China and Iran. Currently it is trying out prospects of becoming the main nuclear energy supplier in the European Union (EU).
The investors, who invested in the eurozone bond markets, are accused of instinctive statements that have affected the judgments on the European countries non-fulfilment of obligations. In this way, a situation was created where the financial markets were able to «pressurize» the weaker countries to excessively reduce the budget.