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Tuesday 24.04.2018 | Name days: Nameda, Visvaldis, Ritvaldis

Apartment prices surge 4.9% over the year

In June 2011, apartment prices in Riga climbed 0.6%, due to the overwhelming demand over the supply of quality apartments at new projects, resulting in increased sales prices.

Sweden – rock star of recovering from crisis

Sweden has achieved what the United States, Britain and Japan can only dream of: created jobs and boosted competitiveness.

Settlement of multi-million dispute between airport and airBaltic approved

Riga District Court approved on Wednesday, July 6, a settlement attained few months ago in the dispute between Riga International Airport and the Latvian airline airBaltic on recovering a debt of 3.42 million lats.

Moody's slashes Portugal's credit rating by several notches

The international rating agency Moody's Investors Service has downgraded Portugal’s long-term bond credit rating from Baa1 to Ba2, which is below the investment grade. Portugal’s credit rating now has negative outlook.

Google to delete all private profiles from August 1

If you are using Google profile, which is set to private mode, it means that you do not use services properly.

Brent price jumps over 114 US dollars

On July 6, Brent crude exceeded 114 US dollars. This is linked to expectations of higher demand in the coming months, as well as to concerns over the modest growth of Chinese economy and debt crisis in the euro zone.

Survey: 38% of Latvia citizens would vote for new political force

With his presidential term coming to end, Valdis Zatlers plans to announce on July 8 whether he will form his own party before the upcoming emergency parliamentary elections in autumn. TNS Latvia survey shows that 38% of the economically-active residents of Latvia would vote for a new political force.

Anti-corruption bureau’s workers happy about Vilnitis leaving

The anti-corruption bureau's employees are relieved about Normunds Vilnitis dismissal from the chief's post, now being able to focus on immediate tasks, rather than writing endless explanations, said Alvis Vilks, the renewed Deputy Director of CPCB.

Moody's finds a hole in China’s banking system

China’s banks have secured more loans to its local governments than indicated in the official statistics. This threatens to worsen the country's banking sector outlook, consider experts at the international rating agency Moody's.

Fitch raises Estonia’s credit rating to A+

The international rating agency Fitch Rating has upgraded Estonia's credit rating to A+, in view of the country’s strong economic growth and sound financial system.

Latvia reports second highest retail growth in EU in May

In May 2011, Latvia reported the second largest retail turnover increase (2.0%) in the European Union, according to the EU official statistics office Eurostat.

Amazon acquires online book retailer

The e-commerce giant Amazon is taking over one of its competitors, announcing that it has acquired the international book sales website The Book Depository International.

Medicine wholesales grow 7%

In May 2011, medicine wholesalers in Latvia sold medicinal products worth 18.02 million lats, including the value added tax, which is 7% more than in April 2011.

77.84% more new companies registered in first half-year

In the first half of this year, 9 495 new companies and their branches were registered, which is 77.84% more over the same period last year, according to data compiled by Lursoft. Moreover, the number of newly-registered businesses keeps growing.

Swedbank: middle-aged men choose life insurance the most

In Latvia, life insurance is more popular among men, besides, the main life insurance buyers are people aged 30-50 years.

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