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Friday 15.12.2017 | Name days: Jana, Johanna, Hanna

Russian oil companies forbidden to cut yield

A new bill on oil in Russia practically prohibits oil companies to reduce yields as long as there is demand for the resource.

Baltic record prices of milk and sugar – in Latvia

Comparison of food prices in Riga, Vilnius and Tallinn supermarkets shows food is about 38% more expensive in the capital city of Latvia than in its neighbouring states.

Municipalities to employ millions worth unnamed specialists

In late 2010 more than a million lats was paid to Latvian municipalities in advance to promote their administrative capacity.

2012 budget to spend 291 million lats less

State base budget expenditures for the next year’s budget are planned to form 3. 017 billion lats, which is 290.9 million lats less than in 2011 budget, according to the Cabinet of Ministers approved base budget expenditure for 2012-2014.

Estonia among the safest countries in the world

If you are searching for a way to avoid any natural disasters, you should consider moving to Estonia, as this northern neighbour of Latvia ranks among the five countries least vulnerable towards natural catastrophes.

Nordic Partners Properties: industrial space rent surges 40%

In the first quarter of 2011, the largest industrial park developer in Latvia Nordic Partners Properties rented out or renewed production, storage and office space of 13 368 square meters, which is by 3 785 square meters or 40% more than in the exact period last year, the company’s spokeswoman Lauma Ozoliņa informs the business news portal BNN.

Latvian company Baltrotors employee shoots himself

Latvia town Salaspils company Baltrotors employee attempted to commit suicide today, March 28, and was rushed to the hospital in a very grave condition, according to BNN information.

Construction costs in Latvia drop 0.5%

Compared to January 2011, construction costs in Latvia dropped 0.5% on average in February this year. Costs of machinery and equipment maintenance fell 0.6%, construction materials prices - 0.2% and labour remuneration - 1%.

Estonian kroons to be disposed at Tallinn dump

Estonian kroons will be disposed at Tallinn landfill in correspondance with each and every ecological requirement, according to the Central Bank.

22 000 state and municipal jobs cut within two years

In the final quarter of 2010, the number of employees working at the state budget-funded institutions and enterprises comprised 185 233 people, which is 8.3% of the total number of inhabitants in Latvia. Within two years the number of the state and local government institutions and capital companies’ workers has decreased by 25.5 thousand people, forming 1% of the total population.

Oil price sticks above 115 dollars

Brent crude price is keeping above 115 US dollars per barrel, since investors retain speculative positions, given the ongoing events in the Middle East.

Strongest companies left in construction industry

The small construction firms and companies not accustomed to strategic solutions – how to survive in crisis conditions – have not outlasted the severe crisis, so currently the most strongest and stable construction companies have remained in the market.