The Chairman of construction firm SIA Latvijas energoceltnieks (LEC), Andris Asars-Asarovskis, believes that price dumping in building industry has reached its critical level in company’s 20 years existence.
Berlin will open a restaurant for cannibals to whom food will be delivered by those who want to donate their organs. The new restaurant advertising campaign invites to deliver any body parts to the restaurant. The advertising campaign also announces that they require a surgeon, without prejudice.
The total debt for heating has already surpassed 20 million lats. The current data on heat debt shows that half of the local governments of Latvia can be left without heating.
Currently we have woken up at another ditch. Two years ago there was huge supply, but no demand; however, now it is the other way round - when the demand of the domestic market has started to recover - there is lack of adequate supply. This applies to both new and little used cars.
Due to the ongoing flooding in Pakistan, clothing and bedclothes might become more expensive. Textile manufacturers around the world are anticipating a new rise in cotton prices, because the severe flooding has significantly affected Pakistan’s cotton industry.
The clash for influence between countries threatens to paralyse the work of International Monetary Fund (IMF), if US and Europe are not able to reach an agreement on how to pass on greater influence to growing economies in the nearest future.
One can sleep calmly only if the volume of deposits in a single bank does not exceed 100 thousand euros (around 70.3 thousand lats), because it is the amount that the government plans to guarantee for each depositor - physical or legal person.
The world might experience a second wave of crisis, which Latvia could not avoid, given that its economy depends on the economic processes in the world.
On a quarterly basis, a slight growth in Latvia’s economy will remain until the end of the year, although, overall, compared to last year, a small economic decline will remain. However, already in year 2011-2012 the recovery of domestic demand will facilitate moderate growth of gross domestic product (GDP).
In October 2008 the total volume of the Bank of Latvia's given loans reached its highest point of 16.78 billion lats. Whereas in comparison with the end of July of the present year, the amount of loans given mainly to households and enterprises has dropped by 1.98 billion lats, which is 11.8%.
The Minister for Culture Ints Dalderis (Ints Dālderis) is of the opinion that the executives of national theatres and cultural institutions shouldn’t seek sources of funding in political circles.