French election: Hollande wins first round

France's President Francois Hollande
French President Francois Hollande’s Socialists and their allies are set to gather a majority in the first round of French parliamentary elections, held on June 10.
According to the Interior Ministry, left-wing and green parties won a total of more than 46% of the vote compared to 34% for the centre-right UMP party.
It is expected that the outcome of the polls will determine the extent and pace of reforms that the newly-elected French leaded pledged during his pre-election campaign.
The Socialists and their Green allies might win as few as 283 seats or potentially as many as 347. There are 577 seats in the National Assembly, reports BBC.
The election also saw a surge in support for Marine Le Pen’s far right National Front, which won almost 14% of votes. It is much more than 4% it achieved in the last parliamentary election of 2007.
For those who failed to reach 50%, they need to obtain 12.5 percent in the first round of vote to head to the runoff on June 17.
The turnout nationwide was a modest 57%. This has raised a question why people opt for ignoring the political processes, reports Euro News.
Asked why the apathy, people point out that the current system does not allow for real changes in power and the French political class keeps following the same policy as always.
Similarly, French voters hope that the activities of the new parliament will not contradict with the choice made a month ago because the climate at a European level and above all in France is complicated.
“I expect a lot from the new parliament. I expect it to organise new things for the people, to keep us better informed and to pass legislation a lot more quickly,” says one French citizen.
Ref: 105.105.105.1590
12 million LVL overpaid for expensive compensated medications
Latvian residents overpaid a total of 12 million LVL when purchasing expensive compensated medications last year, as reported by the director of the National Health Service Maris Taube at the opening of the “Ārstējies nepārmaksājot” (Don't overpay for treatment) informative campaign.
10 million of Samsung Galaxy S4 sold in «record» time
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Latvia's producer prices up by 1.4%
Compared to March, the overall level of producer prices in Latvian industry in April 2013 increased by 0.1%. The producer prices of products sold on the domestic market rose by 1.1%, whereas prices of exported products reduced by 0.9%.
Latvia: one car per three residents
Estonia has the largest proportion of cars per capita among other Baltic States – 0.51. Lithuania's index reached 0.40 this year. That of Latvia is 0.33, according to the latest barometer survey data of Autoplius.
Japanese climber, 80, becomes oldest atop Everest
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Wife of Latvian official denies claims about his attempts to hide from the law
I deny the information that the whereabouts of the suspended director of the Customs Criminal Office of the State Revenue Service Vladimir Vaskevics are unknown, says his wife business woman Inara Vilkaste.
Lembergs' cheap shopping spree abroad
It's a waste of money – to buy clothing, footwear and cosmetics in Latvia, says criminally accused Latvia politician Aivars Lembergs.
Ford plans to shut all Australian production by 2016
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Builders: Castle of Light is almost finished
The total expected costs for the construction of the Latvian National Library (LNL) are estimated at 187 million LVL, including VAT.
Man killed in London machete attack
Vulvičas rajonā Londonā politisku iemeslu dēļ ar mačeti nogalināts cilvēks, policija sašāvusi un ievainojusi divus aizdomās turētos.
EU leaders see progress on lifting bank secrecy
EU leaders in Brussels for a special summit on tax evasion and fraud hailed new political momentum on the issue, but few concrete measures were agreed to recoup the estimated €1 trillion yearly in lost revenues.
Aircraft bomb found at Ventspils is neutralized in open sea
Bomb disposal specialists of the Latvian National Armed Forces (LNAF) successfully neutralized the 500 kg aircraft bomb that was recently found in Ventspil port.
U.S. stock futures advance
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500 kg large aircraft bomb found at Ventspils port
Yesterday, May 21, a 500 kg large aircraft bomb was found on the premises of Ventspils port, 3rd Zemessardze disttict headquarters representative Zanda Tamulone reports.
Latvian commercial banks create joint enterprise
On Wednesday, May 22, the Enterprise Register of the Republic of Latvia registered a joint company - Kredītinformācijas Birojs – founded by a number of Latvian commercial banks – SEB bank, Swedbank, Nordea, DNB bank, Citadele bank and ABLV Bank. The goal of the newly founded enterprise is to have it function as a credit bureau.
Energy and taxes to be discussed in EU summit
EU heads of state and government are convening in Brussels to enhance energy market and limit tax avoidance.
Latvian residents travelled more often last year
The results of the survey on the domestic trips of Latvian residents show that the number of overnight recreational and other private trips in 2012 was 3.6 million, which is 11.8% more than in 2011.
Average income per capita in the Baltics exceed pre-crisis peak
The Baltic States continue to come close to the average level of the European Union – in the middle of 2011, the average income per capita in the Baltic states were above the peak of the pre-crisis period.
SEB: there is a 50% chance Lithuania will be eligible for Euro in 2015
The Baltic States have been the most rapidly growing economies in the European Union lately, and they can retain their positions in the future as well. Economic growth in Latvia and Lithuania is expected to slow down this year. That in Estonia will remain unchanged – 3.3% respectively.
Bank of Latvia: increase rate of the national economy to slow down
The general money offer index and attracted finances of credit institutions increased slightly this April. The general cash money demand, on the other hand, had reduced. There was also a moderate reduction in the general credit portfolio.
Apple and other great American companies that keep mountains of cash overseas
Apple found itself in front of a Senate Subcommittee Tuesday, May 21, defending its elaborate practice of keeping cash offshore in order to minimize their tax liability. But Apple is far from the only company that does this.
Oklahoma tornado: a lucky mistake in death toll
Oklahoma state officials have corrected the previously announced number of storm victims down from 91 to 24.
Economy Minister: Russian business interest increases in Latvia
There are two scenarios available for the development of Latvia's economy – stay smart and grow naturally, or use a basis of cheap expenses – attract cheap workforce, Latvian Economy Minister Daniels Pavluts believes. The minister points to the growing interest of Russian business in Latvia, which could potentially lead toward rapid development.
Ilves: Estonia is a world power in IT
Estonian President Toomas Hendrik Ilves who is on a working visit to the UK to attend the Google conference Zeitgeist 2013 said in his speech that IT solutions have made Estonia a world power in terms of IT.
Oil deposit exploration in Latvia's waters; project managed by people close to Lembergs
The company responsible for oil deposits surveying in the Baltic Sea in Latvia's economic zone near Liepaja – Balin Energy with its Ocean Nomad drilling platform has reached 525 m depth below sea level.
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Egon @ 2013-05-23 12:07:44
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Brian @ 2013-05-23 09:51:35
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@ 2013-05-23 09:20:57
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@ 2013-05-23 05:57:30
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Bono @ 2013-05-22 16:25:53
I guess the owners of Latvia metallurg work even more to rescue the firm.



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