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Tuesday 23.01.2018 | Name days: Strauta, Grieta

Prices in Estonia surge 6.5% within a year

Compared to the previous year, in January 2011 the consumer price index in Estonia has risen by 5.3%, but compared to December 2010 – by 0.0%.

Rental and commercial segment activity surges 15%

Rental and commercial segment activity has climbed 15% in early 2011, compared to late 2010, according to the real estate company Balsts study.

Latvians wish to work abroad in agriculture, hotel and construction sector

In Latvia, the German and Austrian labour market opening is awaited with hope, because for many moving to another country is still the only way of getting income. Along with Latvia’s accession to the European Union, Ireland, Great Britain, Sweden and other EU countries fully opened the labour market.

IT outsourcing company: e-health projects should be halted

Latvian e-health projects should be put off, believes DEAC Board Chairman Andris Gailītis, adding that he thinks there is a well-organized cartel beneath them, trying to arrange all the tenders.

Lufthansa wants to acquire SAS

The German airline Lufthansa chief of European sales and marketing Karsten Benz told the Finnish newspaper Kauppalehti they are interested in acquiring SAS. However, he also admitted the deal is not planned in near future, due to various reasons.

«Cream product» to lose the word «cream» next year

Starting from September 1, 2012, the word «cream» will no longer be allowed together with the name of the dairy product if it is not genuine.

Only 71% of properties in Latvia are insured

Out of 881 600 properties owned by the Latvian households 71% or 624 thousand properties are not insured, according to a survey on property insurance usage trends carried out by ASS Balta and SKDS.

Europe and Latin America end «banana war»

The European Parliament's approved reduced import tariffs, providing shrinking customs duties for Latin American exporters, mark the end of a 20-years-long «banana war».

Arab bourses lose 49 billion dollars due to Egypt unrest

Protests in Egypt have made Arab bourses lose 49 billion dollars (24.9 billion lats).

Sweden to sell 6.3% of Nordea shares

The Swedish government is about to sell more than 255 million shares or 6.3% of Nordea bank stock, according to the Swedish Finance Ministry. The statement supports the centre-right government's plan to sell parts or all of the state-owned companies.

Consolidation of 60 –70 million lats required not to cut family benefits

If the state family benefits are maintained at their current level, this year the budget consolidation will be carried out at even greater extent – 60 to 70 million lats, the Finance Minister Andris Vilks ponts out.

Residence permits – a catch for millions

The amount of investments placed in order to obtain a residence permit could triple by the end of the year, surpassing 100 million euro.

Experts: industrial growth needs investments

The industrial output of December was affected by the weather conditions and shrinking number of orders, believe economists, indicating that export and investments will ensure the industrial growth in 2011.

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