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Saturday 24.02.2018 | Name days: Diāna, Dina, Dins

Kazakhstan to invest 7 billion dollars in energy sector over five years

It is planned to invest about 7 billion US dollars in Kazakhstan’s energy sector by 2015, thus boosting the power capacity up to 3 700 MW, says Aset Isekeshev, the Kazakh deputy mayor.

Prosecutor's Office detains Narva Vice-Mayor

A county in Estonia Viru District Prosecutor's Office has confirmed information on raids in Narva Vice-Mayor Andrei Filippov and Tamara Luigas, director of the Department of City Property and Economy, offices. Estonian law enforcement authorities have detained Filippov.

Riga Architect's Office work plan not approved

Today, May 18, Riga City Development Committee did not approve Riga Architect's Office work plan for 2011. Neither did the deputies agree on the fact whether the Office should be kept at all.

Employers' Confederation assesses workplace risks at 100 000 job positions

In nearly two year's time, since the Employers' Confederation of Latvia (LDDK) offers companies to assess their workplace risks free of charge, over 1 450 companies in Latvia have made use of it. Workplace risks have been assessed in nearly 100 000 job positions.

Riga reports the biggest food price gains in Baltics

After assessing all three Baltic State capitals’ stores and comparing the first quarter of 2011 to the last three months of 2010, the biggest rise in food prices was recorded in Riga, according to the aggregated data by the Agricultural Market Promotion Centre.

Elkor turns 34.15 million lats in 2010

Last year, Elkor turned 34.15 million lats, outpacing the performance of a year before by 9%, according to the company. Moreover, the sum it paid in taxes has increased as well, totalling 2.3 million lats.

Millions spent on unbuilt concert hall

Although already 5.5 million lats have been invested in the city Liepaja multifunctional centre project Lielais dzintars, it is still unclear whether the concert hall will be built at all.

Petrol price to jump soon

Despite already hitting record high, petrol price is to jump again on June 1 when the new excise tax rate comes into force, boosting its price 2.5 santims per litre.

Riga to be the main support point for EU telecommunications regulation

The newly-established office in Riga by the European Union Board of European Regulators of Electronic Communications will play a key role, providing research and administrative support to the organization's efforts to create a common regulatory environment in the EU.

Newsec: not the fittest survive, but those who adapt

2011 marked real estate market's recovery in Latvia and the Baltics in general. Potential investors and project developers again express their interest, despite slow and gradual, to place their money here, Newsec Chief Executive Olga Kozina told the business news portal BNN.

Number of airBaltic passengers grows 41%

In April 2011, the Latvian national airline airBaltic carried 297 591 passengers from Riga, Vilnius and Tallinn – an increase of 41% over the same period last year. In April 2010 the airline transported 211 503 passengers, Jānis Vanags, vice president of airBaltic corporate communications, informed the business news portal BNN.

Expert: oil prices are blown up

Recently, the oil price has even amounted to 100 dollars a barrel on the global market and given the current situation it is too high, considers Rex Tillerson, CEO of the oil giant Exxon-Mobil.

Probe launched in violations of Latvia Statoil, Neste Latvia and Lukoil Baltic R

Latvia Competition Council has launched a probe in alleged violations of the Competition Law in the activities of SIA Latvia Statoil, SIA Neste Latvia and SIA Lukoil Baltic R activities.

Portugal to receive 78 billion euro bailout

European Finance Ministers agreed on Monday, May 16, to grant Portugal three-year 78-billion-euro EU-IMF loan.

Magazine EMEA Finance recognizes SEB as best bank in Latvia

In its annual award Europe Banking Awards 2010, the international financial magazine EMEA Finance has recognized SEB as the best bank in Latvia. EMEA Finance experts granted the highest assessment to SEB bank among the Latvian commercial banks for the third consecutive year.