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Ceturtdiena 09.04.2020 | Name days: Valērija, Žubīte

Dombrovskis: there might be second wave of global crisis

The world might experience a second wave of crisis, which Latvia could not avoid, given that its economy depends on the economic processes in the world.

Nordea: the recovery of domestic demand will enable moderate rise of GDP

On a quarterly basis, a slight growth in Latvia’s economy will remain until the end of the year, although, overall, compared to last year, a small economic decline will remain. However, already in year 2011-2012 the recovery of domestic demand will facilitate moderate growth of gross domestic product (GDP).

Loan portfolio has decreased by 12% since 2008

In October 2008 the total volume of the Bank of Latvia's given loans reached its highest point of 16.78 billion lats. Whereas in comparison with the end of July of the present year, the amount of loans given mainly to households and enterprises has dropped by 1.98 billion lats, which is 11.8%.

Liepājas metalurgs loss increases to 7.7 million lats

In the first half of the present year AS Liepājas metalurgs has worked with a loss of 7.7 million lats. The net turnover in the first half of the year has remained in the level of the exact period of the previous year.

Gazprom: the gas price will continue to rise

Natural gas prices will continue to grow and will reach the pre-crisis level by 2012.

Lithuania and Latvia are blamed for electric energy record price

The prices of electric energy in Nordic and Estonian joint electrical energy stock Nord Pool Spot reached a record price in 24, August, hitting 461.97 euros (324.67 lats) per megawatt hour.

Dombrovskis considers introducing property insurance

The Prime Minister Valdis Dombrovskis believes that property insurance should be taken into consideration, creating such insurance mechanism which would encourage people to use it.

Latvian builders are requested Turkish

73 job vacancies have been announced in construction work of Riga TEC-2 power units. In order to meet all of the requirements, also good Turkish skills are necessary.

Belarusians want to start the production of road transport in Latvia

In the meeting with the Minister of Foreign Affairs of Belarus, Sergej Martinov, the President of Latvia Valdis Zatlers discussed the possibilities to further the economic relations and cooperation between the two countries.

The amount of written insurance premiums has reduced by 35.1 million lats

Compared with the corresponding period in 2009, the amount of premiums written by Latvian insurance companies in the first seven months of 2010 has reduced by 21% or 35.1 million lats, reports LETA

Health care gets additional 26.2 million

The government on Monday (23th of August) agreed to allocate additional 26.2 million lats to the sector of health care.

Registered unemployment rate in Latvia - 15%

According to the operational information collected by Employment State Agency of Latvia (ESA), currently the rate of unemployment in Latvia is 15%, which means that 170 668 people have registered the status of not having an official work.

Lattelecom is against the merger of Baltkom and IZZI

Telecommunications company Lattelecom has approached the Competition Council (CC), in order no to allow Baltkom and IZZI merger, reported the newspaper Dienas Bizness.

Baltkom considers applying to the court

Due to the amendments in the plan for National Radio Frequencies, the telecommunication company Baltkom considers appealing in the court with the claim of recovery of money losses, reports Dienas Bizness.

Latvijas Loto will offer to win a million

The organizer of lotteries in Latvia Latvijas Loto intends to participate in a Europe-wide game, where the residents of Latvia will be able to win a million.


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