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Monday 16.07.2018 | Name days: Hermīne, Estere

Exchange indexes reach new records; oil prices increase as well

Dow Jones Industrial Average and Standard & Poor’s 500 index reached new record-high values on Tuesday, 17 October. US dollar value before euro and Japanese yen increased.

Hydrogen-powered transport technology – a reality in Latvia

There are plans to establish a hydrogen refuelling station in Riga before the end of 2017. A publicly available H2 refuelling station in Riga would secure an inter-state network of hydrogen refuelling stations: the closest other station will be established in Pernava, says Association Zero Emission Mobility Support chairman Arnis Bergs.

What will be the consequences for companies that cheated with electricity production permits

Businesses that were caught using fake permits for electricity production in mandatory procurements will not have their permits extended, says Latvian Economy Minister Arvils Ašeradens.

Orkla Foods Latvija invests 122 000 euros in new production line and design

Juice and sauce producer Orkla Foods Latvija owned by the Norwegian conglomerate Orkla Group is investing 122 000 euros in a new production line and in the development of new product packaging design.

London housing rent prices have risen sharply to low-income renters, study finds

UK low-income renters currently on average pay 28% of their monthly income on housing rent, which is a considerable increase from 21% in the mid-1990s, researchers have found.

With central banks keeping mum, talks of RE bubble deemed unfounded

The Baltics‘ real estate market remains bubbly and robust, but the exuberance the market shows seems worrisome to some. Yet the majority points to the Baltic central banks. Unless they send a message of distress, followed with the tightening of lending, there’s nothing to worry about.

2018 to be «painful» to 30% of Latvian fishermen, say experts

To a third of Latvian fishermen the year 2018 will be «painful» because of the European Union's fishing quotas to Latvia in the Baltic Sea, but most of the entrepreneurs in the industry will be winners, evaluated the Latvian National Fisheries Producers' Organisation.

Latvian unemployment decreases to 6.6%

The rate of registered nationwide unemployment in Latvia decreased by 0.3 percentage points in September to 6.6%, estimated the Latvian Employment State Agency.

Latvia U-turns on «farmer-maddening» vehicle insurance amendments

The ruling coalition of the Latvian Saeima will reject government-backed amendments which would oblige owners to buy compulsory motor vehicle civil liability insurance for vehicles used off public roads, for example, used in farming.

Google finds Russian advertising campaign around U.S. election, media report

Internet giant Google has discovered evidence of Russian agents spending large sums of money in attempts to affect the 2016 U.S. presidential election, media wrote.

Expert: Reduced VAT rate on fruit and vegetables to have economic effect

The Latvian government has decided to lower VAT rate on fresh vegetables, fruit and berries to 5%, triggering an active discussion on possible effects of the decision among professionals and consumers. Commercial director of retailer Elvi Latvija has voiced her opinion.

Week in Lithuania. Lithuanian, German ministers sign agreement on 1918 Independence Act

The foreign ministers of Lithuania and Germany signed in Berlin on Thursday, October 5, an agreement on handover of the February 16, 1918 Independence Act to Lithuania for five years.

EC orders Amazon to pay 250 million euros after receiving unfair tax deal

The European Commission has ruled that the U.S. e-commerce giant Amazon has received large, unfair tax discounts in Luxembourg, while other businesses have not been granted such tax advantages.

Latvian farmers oppose the need to buy insurance for vehicle, if it's not used on road

Latvian farmers are opposed to the requirement backed by the Latvian government for owners to buy compulsory motor vehicle civil liability insurance also for vehicles that are not used in road traffic, says the board chairman of the Latvian Agricultural Organization Cooperation Council, Edgars Treibergs.

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