Latviski English По-русски
Monday 16.07.2018 | Name days: Hermīne, Estere

Luzhkov to challenge his dismissal in court

The President of Russia Dmitry Medvedev is likely to appoint the new Moscow Mayor within the following month’s time; however, the former Mayor Yuri Luzhkov intends to challenge his dismissal from the post in the court.

Tallinn Mayor revokes school and day-care centre budget cuts amendments

The Mayor of Tallinn Edgar Savisaar dubbed the Financial Director’s letter, concerning the budget cut implementation to day-care centres and schools, as a technical document, whose main aim is to ensure the discipline.

Saab signs contract with BMW

Saab Automobile and BMW have officially announced an agreement providing that BMW engines are used in the next-generation of Saab vehicles, said Spyker's owner Victor Muller in a statement.

Construction costs decrease by 0.4%

In August 2010, compared to July, the construction costs in Latvia declined on average by 0.4%.

5 years «silent» period at State Audit Office

The State Audit Office has not completed any audits for nearly five months already, which is the longest period of the last five years, the Auditor General Inguna Sudraba (Ingūna Sudraba) explains this with the reduced budget of the establishment, which is by far not enough to secure the institution's proper activities.

Rīgas marka to start its journey in Nizhni Novgorod and Ekaterinburg

The products under the brand name Rīgas marka will initially be launched in the Russian market in Nizhni Novgorod and Ekaterinburg, and not in Moscow.

Sociologist: Estonia needs to reconsider the role of Russians

Harmony and trust between the Estonians and the Russian-speaking citizens could be attained in Estonia after 20 years, if it is possible to divert the political culture from its current focus on the traditional values, considers Iris Pettai, one of the most approved sociologists in Estonia.

Experts: re-recession in USA will critically affect Russia

The recession in the USA will affect everyone, and, especially, it will have a critical impact on Russia, consider the experts.

Dombrovskis against pension cuts

If the current government maintains its power positions, gradual transfer of tax burden from labour force to consumption and property is planned, said the Prime Minister Valdis Dombrovskis.

Solarium business down by 30%

One third or 30-37% of solarium business market players have left the industry, while others have experienced 70% turnover drop, informs Latvian Tanning and Solarium Association (LTSA) Board member Girts Gederts (Ģirts Ģederts).

Top brand in Latvia this year – Google

This year the inhabitants of Latvia have recognized Google as the most popular brand.

Widespread unauthorized use of TV services

Great number of Latvian population have started to make use of unauthorized connections to TV services, when compared to the situation two years ago.

Simanovics applies to Latvenergo Chairman post

It is not right to mix business with politics. In business, only the richest people can afford to show emotions, believes one of the finalists in the competition for the chairman post at Latvenergo Broad, Maris Simanovics.

Latvia loses billion in taxes

Latvia has experienced the most considerable drop in tax revenue among the Baltics, while Estonia - the smallest, according to sworn advocates bureau BDO Zelmenis & Liberte research on the Baltic's tax revenue dynamics in the past three years.

Gulbe: no reason to await price drop

The prices of the main food product raw materials in the world markets have significantly increased, and the costs of fuel, electricity and packaging have grown as well; therefore, there is no reason to expect the drop in food prices, asserts the Head of Agriculture Market and Promotion Centre Inguna Gulbe.

Roubini: re-recession in USA is more than likely

The probability of a re-recession in the United States of America still remains high, maintains the well-known economist and professor at the New York University Nouriel Roubini.

28% of Latvian population need more cars

28% of the surveyed inhabitants of Latvia feel that they need another car to meet all their household requirements.

IMF introduces obligatory financial stability tests

The International Monetary Fund (IMF) intends to introduce obligatory financial stability tests in 25 countries that have the largest financial systems.

EU funds diverted to dairy cooperatives

The dairy cooperates express their approval of the Cabinet of Ministers adopted amendments, providing that dairy companies owned by cooperatives and producers will be able to apply for the European economics recovery plan money, the business portal BNN was informed by the Latvian Agricultural Cooperatives Association (LACA) Executive director Linda Bille.

Huge international competition in airBaltic terminal tender

More than 120 submissions from around the world were received for the organised tender on the development of the architectural concept for the new airBaltic airport terminal.

Share indices in the Baltic Stock Exchange climb

The Baltics Stock Exchanges have demonstrated positive tendencies in the week's first trading session. All three shares indices witnessed rise, which in case of Riga and Tallinn Stock Exchanges approached 2%, according to SEB Bank Securities Market Review.

Lido receives extrajudicial legal protection

The Vidzeme Suburb Court of the City of Riga has set an extrajudicial legal protection to the entrepreneur Gunars Kirsons catering company SIA Lido.

Ansip: Estonia lacks ways to stop inflation

Estonia only has few instruments to control the price growth, considers the Estonian Prime Minister Andrus Ansip, noting that the introduction of the euro is not the reason for the rapid price increase.

WSJ: EU set secret committee to prevent default

European leaders have set up a secret committee, whose task is not to allow the European Union (EU) states' default, especially, in Portugal, Ireland, Greece and Spain.

Medvedev suspends Luzhkov

With a decree signed by the current President of the Russian Federation Dmitry Medvedev in the morning of September 28, the longtime Moscow Mayor Yury Luzhkov was dismissed on the ground of loss of trust.