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Ceturtdiena 21.09.2017 | Name days: Matīss, Modris, Mariss

Export grows by 30.7% over year

Similarly as the third quarter GDP data, the external trade data also indicate unexpectedly positive performance. In September, Latvia’s export volumes reached new, unprecedented heights, reporting 460.7 million lats, which is by 30.7% more than in September last year.

Experts: government's planned revenue can be smaller than forecast

When planning the next year's budget, the government must take into consideration that revenue from certain measures might turn out to be smaller that forecast previosuly, report SEB bank experts.

Experts: unemployment to remain relatively high also next year

Third quarter this year reported 18% proportion of job seekers among all the economically active population, which is 1.4% less, compared to the previous quarter and 0.4% less than in the third quarter 2009.

Latvia to take part in worldwide anti-banking campaign

Latvia residents plan joining Germans proposal of December 7 - to withdraw all cash from banks, thus taking part in the anti-banking campaign.

Industrial production output grows by 1.2%

October this year reports industrial production output at constant prices - 384.9 million lats.

RIGIBOR – smaller than EURIBOR

In late November, the three-month RIGIBOR fell to 0.82% mark; consequently, the three-month RIGIBOR rate is smaller than the three-month EURIBOR rate, which is uncharacteristic, because historically RIGIBOR has almost always been above EURIBOR rate.

Expert: Estonians aspire money, not work

The unemployment rate in Estonia is that high not because there is a lack of job openings, but because the unemployed people ask disproportionately high salaries, says Estonian academician Endeli Lippmaa.

Flick: euro must be introduced as soon as possible

I advocate joining the eurozone as soon as possible, moreover there is no other alternative for Latvia, believes airBaltic President Bertolt Flick, as he is convinced the current euro crisis will propel introducing changes to the European financial system.

Agriculture Minister: we cannot prohibit foreigners buying land in Latvia

The transitional period for restrictions on foreigners to buy land in Latvia ends in May, next year. The government has supported the extension period, and now «the Deputies have to decide on it,» indicates the Agriculture Minister Janis Duklavs.

Judges have large debt commitments

Debt commitments of several judges exceed even 200 000 euro, which could be linked to the judges’ resistance to the inclusion in the single remuneration system.

Aldaris: Lithuania's decision to extend alcohol sales time sets example for Latvia

The Latvian beer producer AS Aldaris positively evaluates the Lithuanian government’s decision to extend the alcohol trade time by two hours, and hopes that Latvia will follow this example.

Latvia current account surplus - 1% of GDP

Third quarter this year reports positive current account balance, reaching 37 million lats or 1% of the forecast GDP.

Estonia’s total business sector profits double during the year

This year, during the third quarter, the total profit of enterprises registered in Estonia amounted to 9.7 billion kroon, which is two times more than during the second quarter, informs Statistics Estonia.

Expert: lending will resume only after bigger Swedish banks do that

Latvia will report lending resumption only after two biggest Swedish banks do that, but is seems they do not intend to, says Monetary Policy Department of the Bank of Latvia adviser Mārtiņš Bitans, without mentioning exact banks.