Capitalism in its current form will not last until the end of this century – such is the opinion of the leader of Solidarity movement and former president of Poland Lech Wałęsa.
The conclusion of the European Commission (EC) and the European Central Bank (ECB) that Latvia is ready to become the 18th member state is widely reported in foreign media. At the same time, it is noted that there are concerns about the banking sector's stability and the difference in opinions within society.
On June 6, following the collective complaint signed by nearly 12 000 citizens, the Latvian Saeima requested the government to come up with amendments to regulations that would set rules for monitoring of speed limit violations using speed cameras.
Paris has said it will block the anticipated trade talks between the European Union and the U.S. if its demands not to include cultural industries will not be met.
Unable to compete with high milk procurement prices in export markets, Food Union has decided to stop cheese production.
The election ballot scanning and recognition system has proven itself 100%, and the municipal elections on June 1 were carried out at a level greatly above average, as the Chairman of the Central Elections Commission (CEC) Arnis Cimdars told Latvian Radio this Thursday, June 6.
Seeing as how protest acts have been breaking out in Turkey's cities of Ankara, Istanbul and Izmir since May 31, Latvian Foreign Ministry advises Latvian tourists to steer clear of crowded areas and public gatherings.
Latvia's economy has demonstrated the most rapid economic growth among EU countries in Q1 2013.
OlainFarm has acquired 23.37% of shares in the third largest Latvian pharmaceuticals company Silvanols, thereby becoming the holder of the controlling stake in the aforementioned company. OlainFarm already owns 47.51% of shares in this company.
Latvia has received questions in regard to non-residents' deposits in banks and low support of Latvian residents for euro, but those are no the criteria that decide a country's readiness to join Eurozone, said Latvian Prime Minister Valdis Dombrovskis.
Thanks to the payments from the European Union (EU) and the progress in biogas development, the price of land in Latvia continues to rise and could soon become equal to that of Europe, where 1 ha costs tens of thousands of euros, Latvian Agriculture and Education Centre manager Martins Cimermanis predicts.
A small deficit had formed in Latvia's current account in Q1 of 2013 – 49.9 million LVL or 1.4% of the projected GDP. The current account deficit was lower than the average one last year – 1.7% of GDP.