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Tuesday 25.09.2018 | Name days: Rauls, Rodrigo

Economist: employed population could grow 2.5%

Latvia Central Statistical Bureau's data on the economically active population in Latvia confirm forecasts on the slow improvements in the labour market, Swedbank senior economist Lija Strasuna told the business news portal BNN.

Economically active population drops 1.7%

Labour Force Survey results on the 1st quarter of 2011 show, if comparing to the corresponding period a year before, economically active population has shrank 1.7%, namely, nearly two thirds (64.6%) of the population were active.

Lithuanian politician: 50 km/h – not the 21st century speed

The Central and Eastern European economies are unable to attain their potential goals due to poor infrastructure, considers Egidijus Meilunas, the Lithuanian Foreign Affairs deputy minister, adding that 50 km/h is not a speed of the 21st century.

Businesses don't make use of tax incentives

No one has yet applied to corporate income tax incentives meant for over 5 million lats projects. There is certain interest but no applications, says Ilze Beināre, director of Economy Ministry Business competitiveness department.

New electricity tariff sets in before they should

Despite the new Latvenergo tariff is in force only for one and a half month, some households consuming 200 kWh in April have been sent bills with the new raised electricity tariff which was to set in only after 1 200 kWh were consumed.

Zatlers promotes Latvia as attractive for investments

In the meeting with the Foreign Investors' Council in Latvia, the President of Latvia Valdis Zatlers pointed out one of his daily tasks includes explaining foreign investors and other financial institutions the current economic situation and boosting confidence in Latvia as attractive for investments, accoridng to the President's Chancery statement.

New car registrations drop 18% in April

In April, the number of registered new cars amounted to 642 units – 18% less than last month; however, 87% more than in April 2010, according to the Latvian Authorized Auto Dealers’ Association data.

Saeima not extending term to assess Parex Bank take-over

May 19, the Saeima of Latvia dismissed the request to extend term of the working team developed to assess Parex Bank take-over and restructuring process. Despite, the commission had asked for nine more months, it will have to round up work in a couple of days - May 24.

Lattelecom profit last year – 19.2 million lats

In 2010, Lattelecom earned 19.2 million lats, of which 9.8 million lats are the state dividend portion, while the remainder will be paid out to the other Lattelecom shareholder – the Scandinavian telecoms holding group TeliaSonera, the company’s representative Līga Bite informed the business news portal BNN.

12% free commercial space in Riga centre

Commercial space up for rent amounts to about 12% in Riga City centre and 8% in Old Riga. If comparing with the same period a yer ago, the spring of 2011 marks limited supply of commercial space.

Survey: Latvia population considers housing prices and other costs more

Residents of Latvia have become more cautious regarding future housing price changes; however, their projections are still more positive than a year ago, according to SEB Housing Price Indicator data.

Former presidential candidates: it's all already decided

Presidential candidates of other years believe the Saeima has already decided it all. They point out the current President of Latvia Valdis Zatlers is very likely to be re-elected.

Price – main criterion in selecting Citadele Bank’s buyer

The main criteria for AS Citadele Bank initial purchase offers are the price, investors’ reputation and the offer’s compliance with the sales strategy. While the price will be the primary evaluation criterion of binding offer, says Privatization Agency spokeswoman Kristīne Liepa.

Anti-inflation plan to emerge if society, government and businesses are ready for it

The anti-inflation plan will emerge when the society, government and businesses are ready for it, indicates the Finance Minister Andris Vilks.

Insurers boards received impressive salaries in 2010

Several insurers’ boards were generously rewarded last year, surpassing even their supervisors.