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Tuesday 18.02.2020 | Name days: Kintija, Kora

Eurozone’s GDP growth forecast doubles

The eurozone’s gross domestic product (GDP) will increase this year by 1.7%, shows the latest European Commission forecasts. Previously it was anticipated that the eurozone’s GDP will grow only by 0. 9%.

O'Leary: low-cost airlines are coming to an end

Michael O’Leary, Ryanair boss, warns that low-cost airlines are soon to disappear from the market.

IMF: exit from crisis does not guarantee new jobs

During the following years, the global economy will not be able to provide a significant growth of new openings. The highest risk of low economic growth and high unemployment level still remains in Europe, believes the Managing Director of International Monetary Fund (IMF) Dominique Strauss-Kahn.

Estonian businessmen show great interest about Latvia

Estonian businessmen interest about deals in Latvia has reached the highest level of six years, the portal was informed by GatewayBaltic project manager Inga Ulmane.

All three applicants to participate in train procurement tender next round

The three applicants that entered for Pasažieru vilciens train procurement tender, including AS Riga Railcar Factory (RVR) in collaboration with Bombardier Transport France S.A.S, will advance to the next round, the Chairman of Pasažieru vilciens Board Andulis Zidkovs (Andulis Židkovs) announced today, September 13th, in the press conference.

World’s largest chocolate «bar» ready

The world’s largest chocolate «bar», weighing 410 kg, was made in the Capital of Armenia.

Economist: budget development is a major risk for future economic growth

The development of the next year's budget is a great risk to further economic growth, considers Swedbank chief economist Dainis Stikuts.

The world's first share found in the Netherlands

The world’s first ever issued share has been found in a Netherlands’ city archive. The security of the Dutch East Indies company is dated 1606, September 9th.

Banks to double cash reserves

Financial regulators have reached an agreement with global banks to double the spare cash, when the situation in the banking sector is the most unstable since the crisis stroke.

500 times higher sum for defective 20 pence coins offered

The London mint office announced that it is prepared to buy back from the inhabitants the 20 pence coins that were stamped in 2008, and which, due to an error, are missing their release date. 500 times higher amount of money is offered for each coin – 100 pounds.

Russian banks - not among world top reliable ones

The banks of Russia have not been included in the top 50 of the most reliable banks in the world. The list was published for the 19th time by Global Finance.

Estonia plans to borrow 700 million euros next year

The government of Estonia is planning to borrow 700 millions euro (491.96 million lats) next year, in order to eliminate shortages of the state budget and make different investments in state enterprises.

More than 300 thousand unemployed in Lithuania

This year, in Lithuania, 318.7 thousand unemployed persons were registered on September 9th.

Economists: loan was the only option to save Latvian economy

Latvian economists have indicated that the decision made by Ivars Godmanis government to take the international loan of 7.5 billion lats was the only possibility to rescue the economy of Latvia. The economists expressed this view in a discussion on what the economy would be like today, if we had not taken the loan. The discussion took place in the European Union House.

Karnite: the world is preparing for the 2nd wave of crisis

The world is preparing for the second wave of crisis; however, Latvia does not have a solution on what should be done, believes the economist Raita Karnite (Raita Karnīte).

Tērbatas Street to be explored for 19 118 lats

Examination of the opportunities to develop a pedestrian zone from Tērbatas until Elizabetes Street will cost 19 118 lats, valued added tax (VAT) included.

Kampars: we will get lower gas price sooner or later

The reduction of gas price will definitely be arranged with the Russian company Gazprom , sooner or later, but it must be accomplished, believes the Minister for Economics Atis Kampars.

Electricity supplier change - not beneficial for Latvia

Latvia, unlike it is stated in EU directive, has the longest period among the Baltic States to prepare for the change of electricity supplier.

Belarusians ready to supply trams for Latvia

Belarus electric transport producer Belkommunmasch hope that they will be the ones to supply Latvia with new trams.

Nokia CEO dismissed

At the end of September, Olli-Pekka Kallasvuo will be suspended from the office of Chief Executive Officer (CEO) at the company Nokia.

Starbucks representative: Starbucks will not enter Latvia

Starbucks does not plan to enter Latvia market and we have no idea what the public relation company that distributed this information is, Starbucks representative Carol Pucik informed BNN.LV.

Zatlers meets with Poland, Lithuania and Estonia’s Presidents

The President of Latvia Valdis Zatlers is today, September 10th, meeting with the Estonian President Toomas Hendrik Ilves, the Lithuanian President Dalia Grybauskaite, and with the new Polish President Bronislaw Komorowski.

New exhibition on political advertising and election promises opened

As the 10th Saeima election is approaching, today, August 10th, at 17:00 o’clock with colourful balloons and the sound of trumpets a new polling place No.0 and an exhibition Politāķis: politiskā reklāma un vēlēšanu solījumi(Polithook: political advertising and election promises) will be opened in the National Library of Latvia (NLL) in Riga.

Estonian government entitled to bank nationalization

The Estonian government has passed the Bill that provides for increased supervision of credit institutions during an economic crisis, as well as, gives the government the right to nationalize commercial banks.

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