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Sunday 26.03.2017 | Name days: Eiženija, Ženija

Specialist: price dumping in construction hits critical level

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 to open restaurant for cannibals

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.

Half Latvian local governments can be left without heating

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.

IMF: crisis in the Baltics eases

After the recession experienced in the previous year, the economic crisis in the Baltic states eases and region's growth potential is improving, announced International Monetary Fund (IMF).

Oskins: fat years hangover heavier than expected

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.

Clothing prices will increase due to flooding in Pakistan

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.

Swedish government promises to cut taxes

The coalition parties in the government of Sweden will focus more on the issues in relation to employment, income tax and the restaurant service tax reduction.

Struggle for influence could paralyze IMF work

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.

Amount of leasing debtors decreases

The loss of leasing companies from alienated cars is decreasing, the amount of debtor-cars available in the market is also shrinking, therefore the leasing market is shifting to providing its services to corporate clients.

Russia's Putin shoots darts at gray whale

Russia’s prime Minister Vladimir Putin has added gray whales to the list of endangered species he has personally helped Russian scientists track.

Sleep tight if your deposits do not exceed 100 thousand euros

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.

Google-Skype's new competitor

Google has stepped into competition with Skype, as starting from August 26, Google Gmail users can also use the feature of calling each other directly from an email.

Dombrovskis: there might be second wave of global crisis

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.

Nordea: the recovery of domestic demand will enable moderate rise of GDP

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).

Loan portfolio has decreased by 12% since 2008

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%.

Dalderis: the allocation of funds for Arts should be non-political

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.