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Expert: crisis to last for another seven years
The economic crisis is not over – it will continue for about ten years, of which only three years have passed so far, believes Ojars Karcevskis, president of the Latvian Fuel Traders’ Association.
16% of population listen to pre-election promises
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.
Lattelecom to boost profitability in 2011, retaining the same turnover
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.
Municipal company Rigas udens profit drops sharply
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.
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Lithuania loosing its skilled workforce
Highly-qualified specialists are still leaving Lithuania, despite employers complain about the shortage of such workers.
Economist: labour market keeps recovering
Over the year, the number of employees has risen 3.3% or by 30.5 thousand, and these data cancel out talks on economic recovery without job creation in Latvia, says Olegs Krasnopjorovs, economist at the Bank of Latvia.
Industrial producer prices surge 8% year-on-year
Compared to June, the overall industrial producer price level in Latvia was up 0.7% in July 2011. Producer prices increased 0.4% for products sold on the domestic market, while rising 1.2% for the exported goods.
Brent slips below 106 U.S. dollars
Brent crude fell below 106 U.S. dollars per barrel on new concerns about weak demand after data on the U.S. – world's largest oil consumer – were released.
Uncertainty over planned austerity measures worries 73% of population
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.
Expert: investing in gold is like jumping on moving train
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.
Dutch investors to attract 50 million lats to Baltic region
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.
Number of economically-active population shrinks 0.7%
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.
Zatlers’ Reform Party urges Prime Minister to dismiss Augulis
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.
June 19 in Pictures
Minister: some deputies lack personal opinions and freedom
Standard & Poor's upgrades Latvia's rating
Series of deaths in circle of Aivars Lembergs
Eko Bus business is growing; a "war" begins
Riga Free port official submits resignation because of a pleasure trip
airBaltic cancels flights to Nice
Airbus A350 makes first flight successfully
Economic Diary. Here's to fair euro adoption!
Latvian ice hockey player Kristiāns Pelšs is missing; he may have drowned
Firearms licence requirements to be made stricter in Latvia
Latvia's population has dropped 1% in 2012
PHOTO: iris – garden wonders of the Natural History Museum of Latvia
Latvia's costs of living reach a new record
Flying bicycle succeeds in test flight
Chemical weapons used in Syria, Washington claims
June 13 in Pictures
Huge system of storms moves over U.S.
Colombia hosts Miss Pole Dance 2012
VIDEO: Airline fined for in-flight bikini show
VIDEO: The birth of a snowflake
VIDEO: World's most dangerous marketplace
VIDEO: The World In 2 Minutes
June 18 in Pictures
June 17 in Pictures
Photos of the week, 2013.06.14
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