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Tuesday 25.06.2019 | Name days: Maiga, Milija

WhatsApp finds malware, which infected smartphones with voice calls

A spying program has infected an unknown number of smartphones through the WhatsApp messaging program, the American company has stated.

World’s largest beer maker fined EUR 200 million for competition abuse

European Union competition watchdog is fining AB Inbev, the world's largest beer factory, more than 200 million euros for illegally using its dominant position in the Belgium.

Construction production output in Q1 grows 7.4% in Latvia

Compared to Q1 2018, construction output has increased by 7.4 % in Q1 2019. Construction output rise was observed in construction of buildings and specialised construction activities, but civil engineering experienced a drop.

Lithuania selects next President as inequality, poverty top issues

Despite Lithuania’s long economic upswing, regional differences in wages and polarisation of population are key national problems before the Lithuanian presidential election due on Sunday, May 12.

U.S. considerably increases trade tariffs on Chinese goods

Escalating American trade dispute with China, Washington has on Friday considerably raised the customs tariffs on Chinese goods as the two trading partners are in talks on their future trade relationship.

Tet and LMT merge topic outlined again as two companies hold talks

Merge talks have been held between telecommunication company Tet and mobile operator Latvijas mobilais telefons, as confirmed by Transport Minister Tālis Linkaits’ advisor for communication affairs Aļona Zandere.

Supreme Court fines twenty three firms EUR 3 million for cartel agreement

With a verdict from the Supreme Court of Justice of the Republic of Latvia 26 April marked the end of a series of litigations commenced by the Competition Council in relation to an energy construction cartel uncovered in 2013.

Stable output observed in Latvia’s manufacturing turnover

Compared to March 2018, industrial production output increased by 1.5 % in March 2019, according to calendar adjusted data at constant prices.

Minister: administration of Latvian Railway cannot be trusted

The current administration of Latvian Railway cannot be trusted – they do not understand European Commission’s free market regulations. Moreover – there are suspicions of corruption and internal scheming within the company, said Latvia’s Transport Minister Tālis Linkaits during a press-conference.

«Spring cleaning»: multiple Latvian Railway board members may be replaced

Several board members of Latvian Railway, including board chairman Edvīns Bērziņš, are currently at risk of being dismissed from their posts, according to unofficial information.

Retail trade turnover in Latvia up 4.3% in March

Compared to March 2018, the total retail trade turnover rose by 4.3 % in March 2019. Turnover of retail trade in food products grew by 0.3 %, in non-food products by 8.3 %, and turnover of retail sale of automotive fuel by 2.8%.

Expert: Latvia’s economic development is mainly ensured by entrepreneurs’ finances

«Latvia’s economic development is currently largely secured by finances of entrepreneurs, whereas the contribution of banks in the form of loans among businesses and households grows minimally,» Bank of Latvia economist Vilnis Purviņš told makroekonomika.lv portal.

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