Latviski English По-русски
Sunday 18.03.2018 | Name days: Ilona, Adelīna

Construction costs rise by 0.4% in Latvia

October 2010, compared to September, reports 0.4% construction costs rise in Latvia. Workers pay rose by 1.4%, while machinery and mechanisms maintenance and exploitation costs fell by 0.6%.

Riga airport passenger turnover increases by 15.8%

In the eleven months of 2010, Riga International Airport serviced 4 340 195 passengers, which is by 15.8 % or 591 235 passengers more than during the same period last year.

Starbucks ready «to end relationship» with Kraft

Starbucks has decided «to divorce» its long-time partner US coffee producer Kraft due to unsuccessful relationship, said the company's spokesman.

Latvian businessmen themselves will try to enter Russian market

Latvian and Russian businessmen have decided not to rely on the government and act. They have created a join company Latvian Chamber of Commerce (Lat - Latvijas Tirdzniecības nams, Rus - Torgovij Dom Latvija) with an aim to promote home goods entering the Russian market.

Lattelecom Board Chairman: Baltkom and IZZI merger will reduce competition

By merging Baltkom and IZZI an opposite effect will be achieved – the competitiveness will be reduced, because one of the merged companies has economic problems and the other – quality problems, also there is a huge monopoly in the television market, considers Lattelecom Board Chairman Juris Gulbis.

Economist: government of Latvia shifts problem burden to society

None of the government's adopted decisions can be regarded as promoting the economic development. They mostly mean shifting the problems burden from their shoulders to the society and businessmen, believes the economist Raita Karnīte.

Expert: European debt crisis is like «slow motion wreck»

More European countries will need aid until policy makers deal with the causes of their financial difficulties, consisting of too much government debt and not sufficient spending monitoring.

62% rely on the state's old-age support

Two thirds or 62% of Latvia residents rely on the state's social help as material old-age support after retiring, according to Compensa Life conducted survey of 560 respondents aged 25-55.

Companies' value added drops by 35.7%

In surveyed economic activities, in 2009 the produced value added by enterprises at constant prices accounted for 4 850 million lats, of which services formed the largest part – 2 381 million lats or 49.1% of the total value added.

Latvian rental market demands furnished two and three-room apartments

Similarly as other segments, also the rental market of Latvia does not report any considerable changes in November. Furnished two and three room apartments still form the greatest demand.

Parex bank losses correspond to the planned

Parex Bank economic activities correspond to the planned and comply with the restructurization plan approved by the European Comission, providing inevitable loss, says Parex Bank Board Chairman Christopher Gwilliam.

Korean conflict can affect business of Latvia

The problematic situation in Korea dominates the foreground of global geopolitical conflicts, any minute they can turn into massive military clashes affecting the economy of Latvia as well.

Newest comments