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Monday 22.01.2018 | Name days: Austris

Economist: China to face difficult battle with inflation

Inflation in China is much higher and more large-scale than forecast by several economists, forcing the Central Bank to rely on various severe measures in order to limit price growth, the economist at Essence Securities Gao Shanwen points out.

23.3% more cars registered in Latvia this year

In eleven months of the year, 4 372 new cars have been registered in Latvia, which is 826 or 23.3% more than in the exact period of 2009.

State Audit Office: RTSD service tariffs are not grounded

The charges of some services stipulated by the VAS Road Traffic Safety Directorate are unjustified, the State Audit Office established during the audit.

EU to force private lenders cover future bail-outs losses

The European Union (EU) plans making private lenders cover the losses of future bail-outs of any eurozone country.

Estonian bankers await low interest rates in 2011

It is most likely that mortgage interest rates in Estonia will not increase this year, also a rapid EURIBOR rate rise is not expected, considers the representatives of major banks in Estonia.

Economist: Latvia can face similar economic stagnation as Japan

Without introducing changes to the national economy policy, Latvia risks facing the same economic stagnation as Japan, not reporting rapid economic growth for years already, said the economist Ojārs Kehris.

EU Commissioner: media freedom – one of democracy and human rights guarantees

When describing the events at the newspaper Telegraf, where, after a conflict with the new owner’s representatives, the editor-in-chief had to leave, the European Union Commissioner Andris Piebalgs emphasizes one of the democracy and human rights guarantees is exactly the media freedom.

Economist: government hopes for miracles

The government has not kept its promises about 2011 budget formulation, demonstrating it is not willing to face the actual problems. They are hoping for miracles instead, the economist Vjačeslavs Dombrovskis is convinced.

Corruption Prevention and Combating Bureau employees received huge bonuses

Corruption Prevention and Combating Bureau (CPCB) employees were paid more than two million lats in bonuses during 2003 to 2008, according to the CPCB financial reports.

WikiLeaks: last year Sweden gave 50% chance – Latvia will face economic collapse and devalue the lat

When meeting with the US ambassador in the autumn of 2009, Sweden’s Finance Minister Anders Borg expressed confidence – there is a 50% chance that the lat will be devalued by the end of the year and the Baltic States will experience an economic collapse, which could affect the whole region; therefore, the US should use its influence on other countries to prevent this.

Latvia ranks 4th in terms of low-priced hostel accommodations

Latvia ranks in the fourth place in the top 10 list of Europe’s cheapest hostel accommodation prices, offering tourists lodging for 3.30 lats per night, suggests the survey carried out by livinginahotel.com.

Facebook users call for Statoil and Neste boycott

The social network Facebook has launched a campaign whose initiators call for car drivers to boycott Statoil and Neste petrol stations.

Household gas tariffs to be smaller the next year

In January 2011, the gas tariffs for households in Latvia will become cheaper; moreover, they could also reduce for the major consumers, Latvijas Gāze Press Secretary Vinsents Makaris revealed to the business news portal BNN.

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