Only 16% of economically-active residents of Latvia admit they listen to politicians’ pre-election promises – 3% of the economically-active population claim they definitely do this, while 13% recognize they rather take notice of pre-election promises.
The fixed telephony network and pay-TV operator Lattelecom intends to conclude this year with approximately the same turnover as last year and with slightly higher profitability, indicates Juris Gulbis, chairman of the company’s board.
Rigas udens, municipal company owned by the Riga City Council, concluded the past year with 144 thousand lats in profit - 14 times less than a year earlier.
The current budget consolidation has been postponed until the end of 2011, so majority (73%) of the economically-active residents of Latvia aged 18 – 55 years are concerned about the uncertainty regarding planned austerity measures in 2012.
From the investment point of view, investing in gold now is the same as jumping in the last car of a moving train, recognizes Harijs Svarcs, head of Swedbank's Investment Management.
After a long period of stagnation, the gradually recovering economy of Latvia has attracted foreign investors’ interest. Therefore, aiming to invest in the prospective Latvian and Baltic companies' expansion, the Dutch company BGF.BV is launching its operations in this region, indicates Artis Davidnieks, company's authorized representative.
Compared to the same period last year, the number of economically-active population dropped 0.7% in the second quarter of 2011. Nearly two thirds (65.8%) of the residents were economically-active. This indicator accounted for 70.4% among men and for 61.6% among women, according to the Central Statistical Bureau data.
Yet another scandal and lack of action plan in airBaltic's case is one of the most vivivd examples of government and particularly the Transport Minister Uldis Augulis’ inaction and continuous state theft, believes the ex-President of Latvia Valdis Zatlers’ party.