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Monday 21.05.2018 | Name days: Ingmārs, Ernestīne, Akvelīna

Lukashenko seeks alternatives to Russian oil

The President of Belarus Alexander Lukashenko is seriously searching for alternatives to Russian oil, announcing that Belarus does not intend to fight with Russia in all the possible ways.

Bank of England to set credit limitations in fears of new recession

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.

Russia’s wealthiest children income redoubles

During this year, the number of wealthy children in Russia has increased by one half, but their total affluence – redoubled.

Consumer market booms in China

According to recent studies conducted by Economic Intelligence Unit, about 5% of consumers in world are inhabitants of China. The total amount of turnover in world is 36.9 trillion dollars (1.7 billion lats).

Clothing prices will increase due to flooding in Pakistan

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.

Swedish government promises to cut taxes

The coalition parties in the government of Sweden will focus more on the issues in relation to employment, income tax and the restaurant service tax reduction.

Struggle for influence could paralyze IMF work

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.

Luzhkov supports increasing the range of Latvian goods in Moscow

Moscow Mayor stated in the press briefing that the sales of Latvian goods can be boosted in Russia’s capital city – Moscow.

China in competition with USA

China becoming the second leading country in the world economy, ahead of Japan, has led guesses that soon it will deprive the leadership from the USA.

USA recalls 170 tons contaminated meat

USA has recalled 170 tons of contaminated meat, that may have been infected by a dangerous bacteria. Contaminated meat products distributed by the chain Wall-Mart, were detected in the state of Georgia during the tests.

Toyota will offer hybrid features in all car models

On Wednesday Toyota Motor announced its plans to sell 5 million hybrid cars by the end of the first decade.

Russian banker's wages rise faster than inflation

Thirty largest Russian banks' wages-fund in the second quarter of the current year have exceeded the highest level, in comparison with the last quarter of 2008.

Demand for large cars grows because of overweigt problems in USA

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.

Greece will get 9 billion euro loan

According to eubusiness.com, the European Commission (EC) has decided to grant Greece the second instalment of its loan.

Analyst: Gazprom yielded not to Kampars but to Katara

According to the newspaper Telegraf, the Minister for Economics Artis Kampars has declared that the meating with the management of Gazprom can be considered as successful, because they have agreed to start discussing price reduction for the purchase of natural gas; however, as it turns out the real hero of the story is not Kampars, but Katara.

The solar energy boom in Germany

Currently, there is an actual solar energy boom in Germany – over the past few years, billions of euro have been invested in this sector.

Moscow banns trade of alcoholic drinks at night

According to the reports of today, the trade of strong alcoholic drinks at night and in the early hours has been banned in Moscow, in order to eliminate the main cause of the damage of the health of Russians - excessive use of alcohol.

USA faces the highest number of insolvency announcements since 2005

According to the data of the government of the USA, the number of insolvency announcements has reached its highest point since the year 2005. The economy of the USA is slowing and the level of unemployment has reached a two-digit number.

Rosņeft plans to profit from the existing debts

Although during the quarter of the year the amount of financial investments in Rosņeft has not changed, company’s total debt has increased by 53 billion rubles, or 7, 7% reaching 757, 7 billion rubles.