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Wednesday 18.07.2018 | Name days: Rozālija, Roze

Sweets, coffee and milk price gains

Along with the procurement price increase, the price of sweets, coffee, milk and dairy products has also surged; moreover, price gains are expected for tea and fish products as well, food retailers say.

iPhone and Android beat Nokia sales results

The demand for Apple iPhone and Google Android is growing surging in the Scandinavian region, while Nokia mobile phones are rapidly losing their popularity, the mobile phone dealer Mobile 20:20 CEO Fredrik Rudberg points out.

Competition Council: businessmen are smarter now

Businessmen have become more cunning, they know already our methods, the Competition Council Head Ieva Jaunzeme says.

Privatization to bring Moscow 200 billion rubles

An ambitious privatization program is said to bring Moscow 200 billion rubles this year. It is planned to sell state shares in 226 companies.

Court orders Baltkom to stop TV3, 3+ and TV6 retransmission

Riga City Central District Court Judge Velga Gailīte has ordered the telecommunications company Baltkom to stop the retransmission of TV3, 3+, and TV6, in cable networks, confirms Kaspars Sadauskis, the Assistant to the Riga Central District Court Chairwoman.

Siemens profit surges 15%

The German industrial group Siemens first-quarter net profit has soared 15% up to 1.75 billion euro.

Lembergs: Unity would benefit from Dombrovskis government’s resignation

Unity (Vienotība) as a political party would benefit, if Dombrovskis government resigned, on a condition the same coalition is maintained, when forming the new Dombrovskis government. Thus there no longer existed the damaged principle of dividing ministers posts, based on quotas within Unity, Ventspils Mayor Aivars Lembergs says.

EU sugar reform based on wrong data

The sugar reform carried out by the European Union (EU) was based on dated data without taking into consideration sugar beet producers interests, according to the European Court of Auditors.

Businessman: influence on political processes brings benefits

As long as you do not have a direct influence on political decision-making, the result will not be worth the invested work, the Chairman of AS Ceļu pārvalde Board Mārtiņš Lauva told in an interview to the business news portal BNN.

Minister of Interior: I take responsibility by solving the police crisis

I take full responsibility by solving the crisis situation currently at the police, the Minister of Interior comments upon the recent tragical events in a town of Latvia Jekabpils, at the same time dismissing the opinion she should resign.

Expert: long agony awaits the People’s Party

There is no scenario in which the People’s Party has a sunny future, and most likely a long agony awaits it, believes the Public Policy Centre Providus researcher Iveta Kažoka.

Huge wave of foreign-investor interest in Estonia

Estonia joining the eurozone and the Organization for Economic Cooperation and Development have boosted foreign investors interest in Estonia.

AS Kolonna Asset Management Chairman declared insolvent

Today, January 25, Riga Central District Court declared AS Kolonna Asset Management Board Chairman Jānis Lasmanis as insolvent and initiated his bankruptcy procedure, informs Kaspars Sadauskis, the Assistant to the Court Chairwoman.

Mobile broadband devices boost Ericsson profit

The world’s largest wireless network manufacturer Ericsson predicts the sales volume growth and much higher net profit due to the surge in mobile broadband equipment demand.

Transition to euro cost Estonia several million kroon

The European single currency euro has been in use for only a couple of weeks in Estonia, but the preparatory work for this transition lasted almost for a year, demanding large sums of money.

Registered unemployment rate up to 14.4%

The unemployment rate registered in late 2011 shows a climb of one percentage point, reaching 14.4%, according to the State Employment Agency (SEA) data.

Debts to cost the state budget even more

This year, the state will have to direct more than half a billion of lats to the domestic and external debt repayment. In 2010, the government debt rose by 785.92 lats or 18.3%, amounting to 5.08 billion lats.

Global unemployment rate still record high

Despite the world is gradually recovering from the crisis, the official global unemployment rate in 2010 was still record high, according to the International Labour Organisation statement.

Oil drops due to expected stocks climb

US oil price dropped on January 25 for a second session in a row, affected by the expected rise in stocks and weak technical outlook.

Former State Police and special unit Alfa employees involved in armed robbery

Two of the detained persons connected to the armed robbery in Jekabpils on Tuesday morning are the State Police Tukums District employees who have been previously dismissed from their posts due to other criminal proceedings. One of the detainees is the special unit Alfa member, informed the Interior Ministry’s representative Gunta Skrebele.

Broker of the Year 2010 and Stock Exchange Special Award winners

The Baltic Stock Exchanges award ceremony Baltic Market Awards recognized Deniss Makedonskis from Latvia as the Broker of the Year 2010, while the Stock Exchange Special Award was given to Stockholm School of Economics in Riga professor Alminas Zaldokas, NASDAQ OMX Riga told the business news portal BNN.

IMF raises global economic growth forecast to 4.4%

The International Monetary Fund has raised the global GDP growth forecast this year from the previous 4.2% to 4.4%.