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Monday 25.09.2017 | Name days: Rauls, Rodrigo

Latvenergo: free market increases electrical energy merchant and consumer competitiveness

Starting from the 1st of April, two thirds of the Latvian electrical energy market will be open, thereby increasing the amounts of electrical energy sold on the market by 70%. Right now prices are favorable for market opening, therefore clients have the opportunity to receive competitive offers. Now, only until the 10th of March most of the companies have to make their choice of electrical energy supplier in the conditions of free market, Latvenergo notes.

Twitter ad income to increase until half a billion dollars

Ad income of Twitter in 2014 will increase 3.9 times reaching 540 million dollars (288.3 million LVL), although profit increase rate will slowly fall lower, notes research agency eMarketer.

Oil price exceeds 122 dollars

On Tuesday, January 31, price for oil has increased by more than 1 US dollar, in the hope that Greek debt crisis and European Union agreement of budget amendments would help to strengthen global economic development and further demand in the oil market.

Julian Assange to guest star in The Simpsons

Controversial WikiLeaks founder Julian Assange will be a guest character and voice on the animated TV comedy The Simpsons.

Apple promises to learn about work conditions at China’s manufacturing plants

The head of Apple Company Tim Cook has announced the beginning of the research, during which Apple plans to find out about work condition violations in Chinese manufacturing plants, where Apple products are being put together.

Cargo turnover at Latvian ports up 12.5% year-on-year

Cargo turnover at Latvian ports in the 4th quarter of 2011 totalled 17.8 million tons, which is 13.9% more than in the 4th quarter of 2010, according to the Central Statistical Bureau.

Expert: this is the best time for EU funds

When working with 2014-2020 planning documents of European Union funds, it is important to recall past events and make conclusions on how we can improve efficiency of use of EU funds in the future, states Baiba Traidase, advisor in EU fund issues.

Most stolen items in stores – cosmetics

Last year in Latvian stores thieves mostly tried to steal various cosmetic goods. The second most desired item for thieves is alcohol, but the third – foodstuffs, like caviare, sausages and cheese.

Swedbank: Latvian online stores flourish

Popularity of Latvian online shopping sites keeps growing, according to Swedbank.

KPMG proposes initiating Krajbanka bankruptcy proceedings

Since none of Latvijas Krajbanka remediation proposals are viable, the bank's insolvency administrator - auditing company KPMG Baltics - is calling for bankruptcy proceedings.

ME: ACTA will not change a thing for Latvian internet users’ day-to-day

Latvia’s inclusion into the Anti-Counterfeiting Trade Agreement/ACTA will not change a thing for Latvian internet users’ day-to-day, State secretary to the Minister of Economy Juris Puce stresses.

Food prices remain high

Although this year the global major commodity supply will be sufficient and the demand will be poorer, global prices will stick at high levels, says the Agricultural Market Promotion Center.

25 EU states agree on new fiscal pact

On January 30, 25 of the 27 European Union member states agreed in Brussels to sign a fiscal pact that stipulates stricter rules to prevent debt crises from reoccurring in future.

Lithuanian economy grows by 5.8% in 2011

Last year Lithuanian economy grew by 5.8%. This is four times more than that of 2010, when the increase was 1.4%.

Samsung income up by 13%

In last quarter of 2011, Samsung Electronics consolidated income reached 47.3 trillion South Korean vons (22.27 billion lats) reporting growth by 13%, compared to indicators of 2010.