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Saturday 22.09.2018 | Name days: Maigurs, Mārica, Māris

Construction output in Latvia increased 31.6% in Q2 2018

Compared to Q2 2017, construction output increased by 31.6 % in Q2 2018. Construction output rise was observed in construction of buildings, civil engineering and specialised construction activities.

IKEA owns approximately 90,000 ha of forests in Latvia

Ever since IKEA Group’s Netherlands-based IRI Investments has become the sole owner of Foran Real Estate, IKEA now owns approximately 90,000 ha of forested land in Latvia, says IRI Forest Management SRL public relations manager Raluka Buzja.

390 Ryanair flights cancelled due to strikes

Close to 400 Ryanair flights have been grounded on Friday because of pilot strikes in five European countries.

Inflation in Latvia reached 2.6% in July

Compared to July 2017, the average level of consumer price rose by 2.6 % in July 2018. Prices of goods grew by 2.4 % and prices of services by 3.2 %.

Volume of Latvian securities bought in July – EUR 1.958 million

As part of European Central Bank’s realized Public Sector Purchase Programme, Latvia’s securities worth EUR 1.958 billion were bought up at the end of July 2018, according to information published by ECB.

Beer price up 11% in Estonia on year, as consumer prices up 3.5%

Beer lovers in Estonia have not had an easy year as from July last year to July 2018 the price of the beverage has been estimated to have increased by 11,7%, while the overall consumer price index in the Baltic country has risen by 3.5%, official statistics showed.

Apple, Amazon and Facebook share prices on a rise; oil prices increase as well

Under dynamics of world stock exchange indexes, different trends were observed on Friday, 3 August. As concerns over trade wars continued, US stock indexes increased thanks to growing prices of shares of technological companies.

Petrol prices in Sweden at highest level ever

The cost of petrol in Sweden currently reached its record, which is with its high demand from holiday makers and the low value of the Swedish national currency.

Ecology rules to be relaxed for farmers in drought-affected EU countries

As farmers in the European Union have been affected by intense draught since May from Finnland to Portugal, the bloc's executive has decided to allow EU farmers more flexibility in implementing the green requirements.

Apple market value reaches USD 1 trillion

U.S. technology firm Apple has become the world's first public company with the market value of USD 1 trillion.

Eurostat: Latvia’s producer prices grew more rapidly than average prices in EU in June

In June 2017, producer prices in Latvia’s industry grew by 4.7% when compared to the same month of 2017. This is a more rapid growth than the average in the European Union, according to data from Eurostat.

Estonian startups attract investment of EUR 245 million in 2018

Estonian startup companies, currently around 550 in number, have in the first six months attracted 245.6 million euros in investment, Startup Estonia has estimated.

Latvian government starts talks on applying reduced VAT on public catering

Finance Ministry has reached a conceptual agreement on applying on restaurants a reduced 12% value added tax rate instead of the current 21% under the condition that catering companies are to cease paying employees envelope wages, LNT reported on Wednesday, 1 August.

Energy producer Eesti Energia records 12% rise in profit, amid high prices

Estonian government-owned energy giant Eesti Energia reached in the second quarter of 2018, net profit totalling 15 million euros, which is a 12%-hike from the same period in 2017.

China's capital to close thousand manufacturers to improve air quality

Beijing in China plans to close about 1,000 manufacturing companies by 2020 as part of efforts to reduce smog and increase income in neighbouring regions, according to state press.

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