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Expert: Latvia would benefit from TEC-2 stoppage
If it is still possible to stop Riga’s second thermoelectric central reconstruction, Latvia would benefit from this, considers the Finnish power plant production giant Wärtsilä Finland representative in Latvia Jussi Peltonen.
Latvenergo plans to double 2011 electricity sales in neighbour countries
Next year AS Latvenergo intends to considerably expand their activities both in Lithuania and Estonia, where the company plans to double this year’s sales volume, said the power utility's Sales Director Davis Skulte.
Three months Rigibor falls below Euribor
Borrowing costs in lats for three-months Rigibor fell below the one in euros for the first time in Latvia's history.
Estonian export grows by 40% within a year
September this year, goods exported from Estonia accounted for 13.2 billion kroon (LVL 592 680 000), but imported ones– for 13.5 billion kroon (LVL 606 150 000). September 2008 was the last time Estonia exported such volume of goods.
Foreign trade turnover increases by 7.7%
This year in September the total foreign trade turnover at current prices comprised 1008.3 million lats – by 7.7% or 71.7million lats more than a month ago, and by 30.5% or 235.6 million lats more than in September 2009, suggest the Central Statistical Bureau data.
GDP grows by 2.7%
During the third quarter of 2010, gross domestic product (GDP) volume at constant prices (according to seasonally unadjusted data) has increased by 2.7%, in comparison with the third quarter of 2009.
Latvia Finance Ministry: more consolidation expected, if budget is not adopted by late 2010
If 2011 budget is not adopted until the end of the year, more consolidation measures will be necessary next year than it is possible at the present moment, estimated the Ministry of Finance.
Major landowners in Riga – the same as in 2009
Last year, changes, though not so rapid and extensive as during the «fat years», have also taken place in the list of the owners of Capital’s largest and most valuable land– many familiar names and surnames have been replaced with new ones. However, the major owners of land in Riga have retained their positions.
Expert: 2nd Tier pension scheme should be inherited
It was previously promised contributions to the 2nd Tier scheme will be at the extent of 4%. Now the previously made promises to one million workers have been broken. If in the long term the rate is less than 6%, then our future pensions will be lower, indicates the Director of Swedbank Investment Management Harijs Svarcs.
Latvia Minister of Justice reviews cadastral values
The new Minister of Justice Aigars Štokenbergs has started to reconsider real estate cadastral values, in order to make them more residents friendly.
May 23 in pictures
Riga mayoral candidate. Guntis Belēvičs: bull in a china shop?
Survey: popularity of current Ventspils management is below 50%
Economic Diary: Smash Business with Taxes
PAA bath manufacturer modernizes production plant and creates Silk Stone material
Oil deposit exploration in Latvia's waters; project managed by people close to Lembergs
Prudentia distances from the consequences of the advices it once gave
Friendship with Unity – the only thing that keeps Prudentia afloat?
Criminal proceedings initiated following searches in RCC Transport Department
Weekends expected to have +30° C heat in Latvia
Combined heat and power plants produced 64% of the total heating energy in Latvia in 2012
Latvia will not be organizing the 2017 World Ice Hockey Championship
Gold shipment worth EUR 483,000 lost in Miami
Petrol price fixing scandal: oil giant bosses to be jailed if found guilty
French President: austerity endangers EU
The most horrifying industrial disasters of all time
Cannes film festival suffers $1m jewellery theft
Greek politician slaps woman live on TV
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
May 22 in pictures
May 21 in pictures
May 20 in pictures
Photos of the week, 2013.05.17.
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