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Wednesday 24.05.2017 | Name days: Marlēna, Ilvija, Ziedone

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.

LMT Internet average speed in 4G network is 20-100 Mb/s

The average speed of mobile Internet is 40–70 Mb/s, while the data transfer rate in fourth generation (4G) network is 20 – 100 Mb/s.

Liepājas metalurgs loss increases to 7.7 million lats

In the first half of the present year AS Liepājas metalurgs has worked with a loss of 7.7 million lats. The net turnover in the first half of the year has remained in the level of the exact period of the previous year.

Putin’s subordinates earn the highest wages in Russian State Administration

The aspirations of young Russians to work in state administration, and, especially, in Prime Minister Vladimir Putin’s team, are propelled not only by the prestigious job position, but also by the payment. The data provided by Rosstat show that Putin’s employees are the most lavishly paid public servants of Russian State Administration.

Luzhkov supports increasing the range of Latvian goods in Moscow

Moscow Mayor stated in the press briefing that the sales of Latvian goods can be boosted in Russia’s capital city – Moscow.

Gazprom: the gas price will continue to rise

Natural gas prices will continue to grow and will reach the pre-crisis level by 2012.

Lithuania and Latvia are blamed for electric energy record price

The prices of electric energy in Nordic and Estonian joint electrical energy stock Nord Pool Spot reached a record price in 24, August, hitting 461.97 euros (324.67 lats) per megawatt hour.

China in competition with USA

China becoming the second leading country in the world economy, ahead of Japan, has led guesses that soon it will deprive the leadership from the USA.

Latvia turns into gold exporting country

Lombards and jewelry makers are purchasing gold, in order to sell it abroad, that way turning Latvia from gold importing country to gold exporting one.

USA recalls 170 tons contaminated meat

USA has recalled 170 tons of contaminated meat, that may have been infected by a dangerous bacteria. Contaminated meat products distributed by the chain Wall-Mart, were detected in the state of Georgia during the tests.

Toyota will offer hybrid features in all car models

On Wednesday Toyota Motor announced its plans to sell 5 million hybrid cars by the end of the first decade.

Dombrovskis considers introducing property insurance

The Prime Minister Valdis Dombrovskis believes that property insurance should be taken into consideration, creating such insurance mechanism which would encourage people to use it.

Tickets for Riga Dinamo game with Coyotes are sold out at a record speed

In 14 minutes time all the tickets for the game between Continental Hockey League (CHL) club Riga Dinamo and Phoenix’s Coyotes, the National Hockey League (NHL) team, available at ticketing service Biļešu serviss were sold out in advance booking.

Latvian builders are requested Turkish

73 job vacancies have been announced in construction work of Riga TEC-2 power units. In order to meet all of the requirements, also good Turkish skills are necessary.

A photographer has been appointed as Diena’s new editor-in-chief

The head of social relations of Dienas Mediji, Anna Muhka, affirmed that Ilmars Znotins (Ilmārs Znotiņš) has been appointed as the new editor-in-chief of newspaper Diena.

Russian banker's wages rise faster than inflation

Thirty largest Russian banks' wages-fund in the second quarter of the current year have exceeded the highest level, in comparison with the last quarter of 2008.

Lost auction earns 2 million dollars

Television company ABC organized an auction where the items used in the popular series Lost shooting were sold. The fans bought the mysterious bunker doors, as well as other things, all in all 1174 items.

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