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Tuesday 26.09.2017 | Name days: Kurts, Knuts, Gundars

S&P: political situation not to affect Latvia's rating

For the time being, the political situation in Latvia with the upcoming referendum will have no immediate impact on the country's sovereign rating, according to Standard & Poor’s Ratings Services.

IKEA to open its bank in Russia

The holding group IKEA, the leading household goods producer in the world, is going to open its bank in Russia. This will allow the company to economize on intermediary bank services.

Cigarette consumption drops in Germany

Demand for cigarettes with a filter has declined in Germany – the drop was particularly significant over the past decade.

Parties unlawfully spent 93 000 lats on 10th Saeima election campaigns

During the 10th Saeima elections the party association For Good Latvia exceeded the pre-election spending by 44 063 lats, while the Greens and Farmers Union, as well as Daugava – Latvijai accepted unauthorized donations at the extent of 4 596 and 1 288 lats, respectively.

Public transport tickets not to climb

Current fuel price levels and trends of the past two weeks give way for hope inter-city bus fares will not be raised. However, if fuel hits one lat per lite, they could grow 5%.

Food prices to double by 2030

Prices of staple foods may double by 2030, according to the International charity Oxfam. In case world leaders do not take action by adopting respective measures, cost of the most important crops could skyrocket 120-180% in the next 20 years.

270 000 residents watched Zatlers’s live TV speech

More than 270 000 residents nationwide watched the President of Latvia Valdis Zatlers' address to the people of Latvia.

Newsec: property market recovery in Latvia lags behind other Baltics

Despite having activated in the past nine months and showing certain signs of optimism, Latvian real estate market recovery still lingers behind the one in the rest of the Baltic states, Olga Kozina, Newsec Latvia managing director, told the business news portal BNN.

Estonians shopping more at Latvia’s stores after euro introduction

Although Kalev Petti, sociologist at the Estonian sociological research company Faktum&Ariko, argues Latvians are shopping in Estonia, while Estonians pretend not to know Latvian goods, in fact, the neighbouring country’s residents gladly shop at stores in Latvia and do not spurn the Latvian-produced goods.

Latvia State Radio and Television Centre privatization likely to be mulled

The Latvian State Radio and Television Centre privatization might be considered as one of the scenarios for selling the state-owned shares in Lattelecom and LMT.

Ex-Prosecutor General: influential people not interested in combating corruption in Latvia

There are influential people in Latvia that are hindering the development of democracy and are not interested in combating corruption, as their main objective is to gain benefit through politics, the ex-Prosecutor General Jānis Maizitis is convinced.

Latvian Farmers Federation: tax policy destroys agriculture

Amendments to the law on the personal income tax provides applying 10% tax to goods purchased for farm households' personal needs. This is destroying the Latvian agriculture, according to Latvian Farmers Federation.

Yuan hits record high against dollar

Chinese national currency yuan rose record high against the dollar, setting the its central parity rate against the US dollar at 6.4856.

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