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Monday 21.10.2019 | Name days: Severīns, Urzula
LatviaLatvia

Water meter business in hands of sham operators

Possibly, the data on water meter verification time-limits have come in wrong hands.

Dombrava compares Saeima to a voting machine

The newly elected Saeima member Jānis Dombrava says he is extremely and unpleasantly surprised at what he is experiencing in the Saeima. The Parliament should be a place for democratic discussions, instead our Saeima is like a voting machine.

Latvian economy back on recovery path

Although in 2010 the economic situation was tense and will remain so in 2011, last year was favourable for economics, the experts at SEB banka indicate to the business news portal BNN.

Real estate prices maintain stability

December 2010 did not report any considerable price fluctuations, keeping real estate prices stable.

Expert: number of foreign tourists could rise by 5 – 10%

2011 will be the stabilization year for tourism – the number of foreign tourists visiting Latvia could increase by 5 – 10%, indicates the Latvian Tourism Development Agency Director Armands Slokenbergs.

Latvenergo Head: lack of investment in electricity supply systems

Up to now no significant investment has been placed in electrivity supply systems, similarly the Public Utilities Commission has set a tariff rise aiming to collect more money for infrastructure improvement, says Latvenergo Head Āris Zigurs.

Consumer credit interest rates may drop 2-3% this year

With the competition in the market getting sharper and sharper, this year's interest rates on consumer credits might fall 2-3%, says SIA aizdevums.lv Board Chairman Anželika Hotelovica.

RSK to auction vehicle, art items and office equipment

The soon to be liquidated RSK Apdrošināšanas AS is selling with an upward bid such movable property as a car, art objects, computer equipment, office furniture and equipment at an open, oral auction.

Minimal growth expects Latvian timber industry

This year will bring only minimal growth to Latvian timber industry, due to full load of production capacity and limited local resources. In order to boost turnover, producers should switch to goods with higher value added, economists are convinced.

Industrial production output drops by 0.3%

In November 2010, the industrial production output at current prices accounted for 373.6 million lats. Compared to October 2010, in November 2010 the industrial production volume has decreased by 0.3%, according to seasonally adjusted data at constant prices.

Tourists left without New Year entertainment

Tens of thousands of tourists, who had arrived to Riga to celebrate the New Year from Scandinavia, Russia and other countries, had to spend the holidays at hotel, since most restaurants and coffee shops in Riga centre were closed on January 1, Riga City Council Deputy Chairman Andris Ameriks points out his discontent.

Long-term gas contracts becoming unprofitable

Long-term gas supply contracts for ten years, where the price is tied to the mazut price with three to nine months lag were once considered as a security guarantee, however, they are becoming unprofitable.