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Sunday 25.06.2017 | Name days: Maiga, Milija

Only Latvia submits all huge ES funds projects

Currently Latvia is the only one of the European Union (EU) member states to have submitted all planned 2007-2013 Cohesion Fund (CF) projects applications for the European Comission (EC) approval, according to the latest EC data.

Bank of America loses 7.3 billion US dollars

The US major bank Bank of America has reported an operating profit loss in the third quarter, although the revenues are only slightly smaller than the figures of the previous quarter.

Japan’s economy – paused

The Japanese economy has currently halted due to the increasing concerns about the strengthening of yen, indicated the Japanese government.

Russians buy vodka and caviar only - business needs to be West-oriented

Foreigners suggest Russian businessmen focusing on the West more, because they believe Russians themselves buy vodka and caviar only.

France continues fuel supply despite oil refineries stoppage

France will ensure the fuel supply, despite the fact that the national oil refineries are closed due to the protests against President Nicola Sarkozy's decision to increase the retirement age.

Top oil trader: oil price will not reach 100 US dollars

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).

Economic crisis propels 12% price increase in Estonia

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.

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