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Friday 20.04.2018 | Name days: Mirta, Ziedīte

Neste Oil: Baltics hit fuel price ceiling

High oil prices of early this year added to dropping fuel consumption in all three Baltic states, says Panu Kopra, Vice President of Neste Oil Retail.

Lukoil Baltija R boss Kogan dies

Haim Kogan, deputy Board Chairman of SIA Lukoil Baltija R has died. He had been in the post since 2005.

Saab signs agreement with Chinese partner

Swedish car maker Saab announces it has concluded a new agreement with Chinese company Pang Da Automobile, according to its Dutch owner Spyker.

Fierce competition among applicants for executive and blue-collar jobs

The Estonian labour market is currently experiencing sharp competition among executives, as well as unskilled workers – most of the officially-registered jobless persons qualify particularly for these vacancies.

Analysts: euro crisis can hit Eastern Europe recovery

Crisis in the eurozone can have a considerable impact in the economic recovery of the Eastern Europe, Bloomberg's surveyed analysts say, as eurozone finance ministers meet today in Brussels to draft a new plan of easing Greece’s debt burden.

BMW 7 series - most popular luxury car in first quarter

Super luxury car BMW 7 series is the 1st quarter's leader in sales in Latvia and Lithuania, while Estonians preferred Audi A8 the most, Latvian Authorized Automobile Dealers Association informs.

Growing number of asylum seekers in Latvia

This year, the number of asylum seekers in Latvia has increased, with April and May, in particular, reporting a larger number of asylum seekers from Georgia and African countries, the State Border Guard’s Coordination and Public Relations Department Chief Inspector Jevgēnija Pozņaka informed the business news portal BNN.

Latvia foreign trade volume surges 38.3%

In January– March 2011, the Latvian total foreign trade at current prices amounted to 2934.3 million lats, which is 812.4 million lats or 38.3% more.

Government to raise minimum wage

Next year, the minimum wage in Latvia might be increased to 205 lats, but in 2014 – to 215 lats, according to the Finance Ministry's initial estimates.

State Border Guard does not list a million lats

Within the framework of annual financial audits in the Interior, Defence, Transport and Justice Ministries, Latvia State Audit Office has discovered significant discrepancies to have an impact on these ministries budget performance.

Subsistence level hits 174.22 lats in April

In April 2011, the subsistence level amounted to 174.22 lats in Latvia, according to the Central Statistical Bureau information.

85% of investors expect Greece default, with Portugal and Ireland following

Nearly 85% of investors around the world expect that sooner or later Greece will fail to repay its debt and will be forced to default.