For the first time in the history, the Lithuania mobile phone application developer GetJar, has been recognized as one of the world’s most innovative companies for the category Technology Pioneer 2011 in World Economic Forum (WEF).
The European Central Bank (ECB) will not change its record low interest rate – 1%. The impressive growth of Germany does not make amends to the management of ECB, as the European financial market is again confronted with concern about the performed loan operations.
The Bank of England, fearing new crisis wave, intends to introduce restrictions on the maximum amount of mortgage loan. In this way, the bank hopes to avert another financial crisis, while those who wish to get a mortgage, will have to open a special deposit account, issued by the creditor that will be 10 - 25% of property value.
Due to the ongoing flooding in Pakistan, clothing and bedclothes might become more expensive. Textile manufacturers around the world are anticipating a new rise in cotton prices, because the severe flooding has significantly affected Pakistan’s cotton industry.
The clash for influence between countries threatens to paralyse the work of International Monetary Fund (IMF), if US and Europe are not able to reach an agreement on how to pass on greater influence to growing economies in the nearest future.
Moscow Mayor stated in the press briefing that the sales of Latvian goods can be boosted in Russia’s capital city – Moscow.
On Wednesday Toyota Motor announced its plans to sell 5 million hybrid cars by the end of the first decade.
According to Consumer Reports, the demand for larger cars has increased in the USA due to the obesity problems of the Americans. In the period of 2007 until 2009, the proportion of people suffering from this problem has increased by 1.1%, which is 2.4 millions. In nine states of America, one third of all of the popullation are overweight.