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Friday 24.05.2019 | Name days: Marlēna, Ilvija, Ziedone

Prieditis: negative attitude hampers recovery

It was very difficult to survive the construction material business bankruptcy; yet, at the same time there were many things to learn, appreciate and understand, admitted the Co-owner and Director of the already liquidated Tapeks empire Vilnis Prieditis. Despite the fact that he often encounters negative attitude, the businessman is again planning new projects.

Factoring for Latvian businessmen – hardly available also in long term

Foreign business deals with Latvian companies will still be constrained by the state’s high risk of credit risk insurance.

Court representatives might be compensated for salary cuts

Saeima Legal Committee Judicial Policy Subcommittee concedes that in early 2011 court representatives might be paid compensations for the reduced wages, this would require from the state budget as a minimum - half a million lats.

Lithuania lowers excise tax on alcohol

The Lithuanian Parliament has supported the reduction of excise tax on alcohol by 27.5%. The new tariff will enter into force on January 1, next year.

Standard & Poor’s rises Latvia credit rating

Rating agency Standard and Poor's has announced that it was rising Latvia credit rating from BB to BB+, while maintaining a stable credit rating outlook, the business portal BNN was informed by the Ministry of Finance.

RTR Chairman: rout taxi handover to Rīgas Satiksme is the only alternative

On December 7, the Deputies of Riga City Council Traffic and Transport Committee approved route taxi handover to the Municipality’s company SIA Rīgas satiksme.

Agricultural land area in farm households grows by 15%

After surveying 86.4 thousand or 96% households, according to preliminary results managing 1.9 million hectares agricultural land in 2010, it was concluded the indicator has remained flat.

LFTA President: contraband fuel reaches one-third of total consumption

Contraband fuel in Latvia could amount to one-third of the total fuel consumption, but the actual estimates should be provided by the law enforcement institutions, because each illegal percentage leaves a dent of 4 million lats in the state budget, believes the President of the Latvian Fuel Traders Association Ojars Karcevskis.

Milk to become more expensive

During the following months the price of milk products could repeatedly increase, despite the fact that this year their price has climbed at least by 20%.

Study: few elementary school children in Latvia show good performance in reading, mathematics and sciences

There is a relatively small number of elementary school children with excellent achievements in reading, mathematics and sciences.

Baltic States and Poland interested in nuclear plant building

The Baltic States and Poland have expressed their interest in continuing to collaborate with regard to regional energy projects, said Prime Ministers of the states in a meeting in Warsaw.

SEB banka: Latvia’s economy exceeds forecasts

This year, in the third quarter, compared to the second quarter, the GDP has grown by 0.8%, as well as after nine quarters of decline has convincingly returned to an increase.

Export grows by 30.7% over year

Similarly as the third quarter GDP data, the external trade data also indicate unexpectedly positive performance. In September, Latvia’s export volumes reached new, unprecedented heights, reporting 460.7 million lats, which is by 30.7% more than in September last year.

Experts: government's planned revenue can be smaller than forecast

When planning the next year's budget, the government must take into consideration that revenue from certain measures might turn out to be smaller that forecast previosuly, report SEB bank experts.