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Tuesday 25.09.2018 | Name days: Rauls, Rodrigo

Swedbank: direct foreign investments return to Latvia

Along with the economic recovery foreign investors interest about the Latvian national economy has resumed as well, moreover the activity comes from both the existing investors and also new ones.

Experts: it's too early for pay rise

The rapid inflation surge in early 2011 and the planned tariff rise will have a negative impact on the residents, moreover businessmen and employers are not yet ready to pay their employees more, thus experts believe it is yet too early to speak about an increase in remuneration.

Aldaris export volume grows 76%

The export volume of Latvia’s major brewery Aldaris rose 76% in 2010, compared to 2009, the business news portal BNN was informed by the company’s Board Chairwoman Ināra Šure.

Latvia acquires Latvijas Finieris shares

The company Latvijas Valsts meži has purchased the first ten AS Latvijas Finieris shares; moreover, it plans to buy more. These shares comprise about 0.3% of the total stock.

Feiferis: many Latvians survive only thanks to shadow economy

Part of the residents of Latvia still have at least something to eat and drink only because of the shadow economy, says Latvijas Hipoteku un zemes banka Mortgage (Mortgage and Land Bank of Latvia) ex-President Inesis Feiferis.

Transport Minister: Latvia should increase its influence on airBaltic

Currently, airBaltic shareholders’ cooperation agreement is being assessed, and I wish the state, the major shareholder of the airline, would have more influence on the company, indicates the Transport Minister Uldis Augulis.

Fazer Latvia management takes over Finnish catering business

The Finnish holding group Fazer catering business buyers in Latvia – the local Fazer Amica management – have decided to take over the Finnish business in Latvia despite the strong gray sector in the catering industry and the relatively low profitability of this business.

Electricity tariffs likely to rise 40%

The electricity tariff increase in April could be devastating and far exceed the promised 20%. The Public Utilities Commission intends to have a meeting on February 14 on the new electricity tariff draft set to come into force on April 1, this year.

Budget should not be «mended» at farmers expense

In 2011, the volume of agricultural subsidies – 6 million lats – covers only the most urgent expenses of farmers; therefore, it can boost the unemployment in rural areas.

Medvedev: switch to winter time annoys both people and cows

We really are used to putting clocks back each spring and autumn and curse that afterwards, because it messes with our human biorhythm. People tend to either oversleep or wake up too early not knowing what to do with the hour, Russian President Dmitry Medvedev says.

Egle: workplace safety situation looks better

Despite companies are currently facing other challenges and priorities, for example, the struggle with the crisis and optimization, the workplace safety environment is gradually improving, according to the Latvian Employers' Confederation head Elina Egle.

Study: supermarkets not interested in clients service

After evaluating the clients service quality in the leading supermarkets of Latvia, the results formed only an indicator of 58.2%, which suggests low quality clients service among the sales personnel, according to SIA Service Quality Development study.

Heating costs in Riga to drop 13%

In January Riga residents will have to pay for heating on average by 13% less than in December 2010, indicates the analysis of AS Rīgas Siltums issued bills in January 2011 and December 2010.

20% of employees think workplace safety rules do not concern them

88-89% of employees are provided the necessary information on the workplace safety rules, while 20% of them (26% among young people) believe such information does not concern them. Moreover, the majority of employees do not actually grasp the rules, according to the study Work conditions and risks in Latvia in 2009-2010.

SAS hopes to make profit in 2011

The Scandinavian airline SAS reported a slight fourth-quarter net profit, raising hope to get back on profit track along with the recovery of the market.

Latvia to pay 100 000 lats in compensations for Talsi tragedy

On Wednesday, February 9, the Supreme Court Senate upheld the ruling that stipulates exacting 100 000 lats compensation from the Latvian State Fire and Rescue Service for the caused damages in the tragedy that occurred in Talsi in 1997.

Finnish trade surplus drops 37%

Finnish trade surplus fell 37% in 2010, compared to 2009, which is down to 880 million euro, according to official statistics.

Public relations specialist: new political force could emerge before next elections

A new political force could be created before the next elections in Latvia, concedes the public relations specialist Jurģis Liepnieks, adding he is sceptical about the formation of a new party. The current political offer is not sufficient, he says.

Manufacturing turnover grows 13.2%

The manufacturing turnover grew 13.2% last year, compared to September, including in the domestic market – by 2.6% and export - 27.4%, indicates the Central Statistical Bureau data.

Analyst: zero inflation means Estonia is not used to euro

The euro introduction is the key reason for Estonia registering zero inflation in January, the first month after joining the euro zone, SEB bank senior analyst in Estonia Hardo Pajula says.

Statoil: excise tax rise for fuel should be compensated with incentives for drivers

If the excise tax for fuel is increased, it should be compensated with introducing incentives for drivers, SIA Latvija Statoil says.

Survey: 42% of Latvians unaware of their pension amount

81% of Latvia’s residents consider childhood and study years as the best period of life, while only slightly more than 1% regard retirement age as the happiest period, according to Nordea Bank’s latest survey.

High winds disrupt power supply to 12 000 Latvenergo clients

Strong winds of February 8 caused power supply problems to around 12 000 Latvenergo clients.

Unity Board member: we are debating the social budget

The party association Unity (Vienotība) has offered its coalition partners to start debates on the social budget, however no agreement upon that has yet been reached, according to Unity Board member Edgars Jaunups.