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Tuesday 23.01.2018 | Name days: Strauta, Grieta

North Japan sees tsunami after massive quake

On Friday, March 11, 8.9-point earthquake shook Japan’s northern territory, causing a tsunami wave flooding the coast and nearby houses, reports CNN.

Airport Riga: airBaltic has financial difficulties

The Latvian national airline airBaltic is suffering financial difficulties – its debt to the airport Riga accounts for 7 – 8 million lats, indicates the airport’s Board Member Andis Damlics.

Diesel fuel excise to reduce Latvian farmers competitiveness

Applying minimum excise tax on diesel fuel will boost costs of Latvian local farmers. Given various costs climb, including of energy resources, excise tax application will propel the prime costs of agricultural production and reduce farmers competitiveness down to the level of the Baltics exclusively.

Municipalities control over gambling likely to be increased

Town in Latvia Jekabpils Council has drafted amendments to the legislation aiming at granting local governments more power to control gambling.

Moody’s cuts Spain’s credit rating

The international rating agency Moody’s has downgraded Spain’s credit rating from Aa1 to Aa2, with a negative future outlook.

Slower export growth boosts unexpected trade deficit in China

China reports unexpected seven-years high trade deficit of 7.3 billion dollars. Exports climbed 2.4% in February, accounting for the smallest growth since 2009.

Non-financial investments shrink 19.5% in 2010

In 2010, non-financial investments at current prices accounted for 1 337.1 million lats, of which in the Q4 – 513.7 million lats. Compared to 2009, in 2010 the volume of non-financial investments at constant prices dropped by 19.5%; while compared to the corresponding period in 2009, in Q4 of 2010 – by 3.3%, according to the Central Statistical Bureau data.

Swedbank finds data reader devices on several ATMs

Swedbank has blocked several payment cards, because when carrying out the regular ATM network monitoring, data reader devices were found on some ATMs, the bank’s press secretary Kristīne Jakubovska reveals to the business news portal BNN.

Poland threatens to sue Gazprom

The Polish state-owned company PGNiG has threatened to litigate with Gazprom in case the negotiations on the gas price reduction will not have a favourable outcome for Poland.

World’s richest man – Carlos Slim

The Mexican media tycoon Carlos Slim has ranked at the first place in Forbes magazine list of the world’s wealthiest people. Slim’s wealth has been estimated at 74 billion dollars.

JSC Passenger Train's challenge - to implement train procurement

The greatest challenge of the new JSC Pasažieru vilciens (Passenger Train) Board Chairman Nils Freivalds is to carry out the procurement of 41 trains with equal opportunities to all tender members.

Expert: Zatlers unlikely to be re-elected

The President of Latvia Valdis Zatlers is unlikely to be re-elected for the second presidential term. The real candidate will be found out only at the night of elections, political technologist Jurģis Liepnieks says, stressing that most likely Zatlers even does not want to be re-elected.

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