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Friday 28.07.2017 | Name days: Cecīlija, Cilda

Egle: we should focus on the reduction of shadow economy

In order to improve the economic situation, it is necessary to concentrate on the public expenditure cuts and reduction of shadow economy, because, currently it is too large, considers the Employers’ Confederation of Latvia (ECL).

Fitch Ratings raises Latvia's credit rating future assessment

International rating agency Fitch Ratings has reestimated Latvia's rating and raised it from negative to stable.

Current account surplus reduces – economy recovers

On account of a significant drop in foreign direct investment companies’ losses, the surplus in the current account of Latvia's balance of payments has decreased in the second quarter of 2010.

In month’s time industrial output increased by 2.3%

The data of Central Statistical Bureau (CSB) indicate that, after comparing the indicators of June and July 2010, the industrial production output, according to seasonally adjusted data at constant prices, has grown by 2.3%.

Online shops recover from crisis; new participants enter market

Online shops in Latvia are gradually recovering from the recession, and more participants are entering the market, pointed out the surveyed industry experts and representatives.

Piebalgs: Zoellick’s confusion about daily 100 lats pay was an unfortunate joke

The World Bank (WB) President Robert Zoellick’s incomprehension about 100 lats pay per day for the unemployed in Latvia was a very luckless joke, emphasized European Union (EU) Commissioner for Development, Andris Piebalgs.

Unemployment rate decreases

A considerable drop in employment rate is not expected, although the improvement of the situation is not unequivocal.

Bemhens: people use neither public nor private transport

Riga residents use less both public and private transport, informed the Chairman of the municipal public transport company Rīgas Satiksme Leons Bemhens.

Offer to liquidate the State Chancellery

Ministry of the Interior (MI) opposes to the auditors’ recommendations, which would help to economize 79 million lats, stated the Chief Executive of MI public relations department, Gunta Skrebele.

Slakteris: electricity matters were taught, that’s why I meet the qualifications of Latvenergo board member position

The former Minister of Finance and present Saeima Deputy, Atis Slakteris, has announced his candidacy to Latvenergo Board Member position. When commenting on the application, Slakteris mentions that he has studied electricity matters; therefore, he has the necessary knowledge to occupy the position.

SAS to organize the first gay wedding in the air

Scandinavian airline SAS has announced plans to organize the first same-sex wedding up in the air during a flight.

EU to set equal requirements for child-care leave

The European Union (EU) plans to ensure equal family leave conditions for inhabitants in all 27 member states.

Police officers detained

Two Riga Regional Executive Police Department officers have been detained. They are suspected of illegal alcoholic beverages products storage, transportation and sale.

US economy hits low point

The US economy is currently at such state that it even does not have to be concerned about a double-dip recession.

Bread to become more expensive

In a month's time bread will cost two or three santims more than currently.

AD Baltic last year turnover grew by 7%

One of the leading auto parts wholesalers in Latvia SIA Baltic AD last year's turnover increased by 7%, reaching 5.84 million lats. SIA Baltic AD volume of production dynamics show 7% increase, when compared to the previous year. Moreover, the company's turnover growth in the wholesale niche (without providing non unauthorized services) is even higher - 13%.