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Monday 21.05.2018 | Name days: Ingmārs, Ernestīne, Akvelīna

Producer price level in Latvian industry drops by 0.3%

Overall producers price level in Latvian industry dropped by 0.3% in October this year, compared to September.

Estonian professor: Estonia could abandon cash

Estonia could use the transition to the euro to transfer to cashless system, believes Tartu University Professor of Economics Raul Eamets.

Lithuania shows Estonians how to make use of IKEA

Lithuania's furniture industry has once again taught a lesson to Estonia of how to make use of such giant clients as IKEA also during the crisis period. Out of 30 main Baltics suppliers to IKEA, the major part is taken up by Lithuania, while Estonia supplies a very little share.

EU and IMF could grant 90 billion euro to Ireland

The amount of financial assistance for Ireland, which has been affected by the world economic crisis, could reach 80 – 90 billion euro.

Almost 200 000 needy people in Latvia

In early 2010 the number of needy people in Latvia formed 100 000, while currently it has almost doubled, reaching 200 000.

Growing interest of investors from the East, especially, in production industry

Over the recent years, businessmen from the East have been the most active in investing in Latvia; moreover, compared to the «fat years», the number of venture capital investors is growing as well.

Volume of insurers written premiums drops by 18%

During the ten months of 2010, the volume of written premiums by the Latvian insurance companies has dropped by 18% or 41.4 million lats, compared to the corresponding period last year.

Milk price growth – not to affect consumers

Milk processing companies will not include in the final milk price the climb observed in October and November. Consequently, the average rise in milk procurement prices forming 3% in October and continuing to grow in November, will not affect consumers.

Nordic Investment Bank President: investors need railways and motorways

International financial institutions are pleased with Latvia’s results; however, it still has to learn how to draw in the right investors, Nordic Investment Bank President Johnny Åkerholm indicates.

Estonian economist: Latvia should not rush to join eurozone

Estonia has been too quick in joining the eurozone, so it is to become one of the poorest countries in the «community» of rich ones, therefore Latvia should not rush with joining the eurozone, says Tallinn University professor Ivar Raig.

Reduced VAT rate to be raised in nine sectors

It is planned to raise the reduced value added tax rate from 10% to 12% for heating, natural gas, firewood, transport services, books, newspapers, medicinal products, medical devices and medical supplies of goods, as well as for guest accommodation services, suggests the obtained Ministry of Finance budget consolidation plan.

Corruption Prevention and Combatting Bureau detains local municipality Head for bribing

Corruption Prevention and Combatting Bureau (CPCB) initiated criminal proceedings in October 2010 against a local municipality Head for bribing another state official.

Law amendments on judges, prosecutors and parliamentarians inclusion into single-salary system

Law amendments have been prepared under the supervision of the Ministry of Justice of Latvia and submitted further for consideration in the closed government session on November 16. The new amendments provide judges, prosecutors and parliamentarians inclusion into the single-salary system.