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Monday 23.07.2018 | Name days: Magda, Magone, Mērija

Women make savings for children's future more often than men

Among Baltic States, mothers living in Latvia prepare for their children’s future more actively. Parents in Estonia, on the other hand, are more generous when it comes to diverting money for their children’s future, according to SEB Life Insurance data.

FCMC to announce decision regarding ABLV Bank’s self-liquidation plan in May

Finance and Capital Market Commission plans to announce its decision regarding ABLV Bank’s self-liquidation plan in May, as confirmed by FCMC Communication Office manager Ieva Upleja.

Estonian women earned 21% less than men last year

The gender pay gap on Estonia that has previously decreased for three consecutive years has remained unchanged at about 20,9% between October 2016 and October 2017, Estonian statisticians have calculated.

Lithuania’s intelligence: Liberal party was the Trojan Horse of business giant MG Baltic

Lithuania has perhaps never seen this calibre political scandals like these ones grabbing the media headlines in recent weeks. First, the embattled former Liberals leader, Eligijus Masiulis, who is fighting influence peddling and corruption charges, made his personal correspondence with President Dalia Grybauskaitė public. The head-of-state goes as Tulip in the barrage of emails with Masiulis and the exchange reveals her heavy, some say, meddlesome engagement in the Lithuanian legislation.

Fitch ratings to Baltic states at 'A' grade with stable or positive outlook

Fitch Ratings, the American credit rating agency, has set its long-term rating of all three Baltic states at the 'A' grade, as its evaluation of Estonia's finances has been announced last week.

Audi discloses more issues with diesel car emissions

Volkswagen Audi carmaker has disclosed that another 60,000 of its A6 and A7 models with diesel engines have emission software irregularities.

Adidas quits selling its Soviet sportswear

The German sportswear giant Adidas has removed from its online stores clothing with the symbols of the Soviet Union it has recently been selling.

Google's pre-election advertising rules changed

The internet services' giant Google is requiring from those placing political ads during the next U.S elections to prove they are U.S. citizens or permanent residents after American tech companies have revealed that Russian propaganda outfits have bought adverts targeting American voters.

Industrial output in Latvia increased 0.6% in March

Compared to March 2017, industrial production output increased by 0.6 % in March. Production output in manufacturing went up by 1.5 %, while in mining and quarrying as well as in electricity and gas supply it fell by 5.9 % and 2.1 %, respectively.

Estonia visited by 39% more Russian tourists this spring

At accommodation establishments in Estonia in March 2018, five percent more domestic and foreign travellers have stayed than in the first spring month of 2017, Estonian statisticians have estimated.

Latvian government conceptually support diverting LDz profits for railway development

Latvia’s government has conceptually supported establishing the portion of Latvijas dzelzceļš profits to be paid in dividends in 2018-2020 at 0%, allowing the company to use profits and divert them to the development of infrastructure development and restoration, as confirmed by LDz.

Most Facebook users remain loyal to it despite scandals, survey finds

American users of Facebook have largely continued using the popular social networking site although data of 50 million Facebook users have been shared with the political consultancy firm Cambridge Analytica, an opinion poll has found.

EC proposes 1.28 trillion-euro budget with lower agriculture payments

As the European Commission proposes a 1,28 trillion-euro budget for the European Union in the 2021-2017 period, spending cuts are aimed at farm subsidies and regional development aid.

Retail trade turnover in Latvia up 6.5% in March

Compared to March 2017, the total retail trade turnover rose by 6.5 % in March 2018. Turnover of retail trade in food products has increased by 6.8 %, turnover of retail trade in non-food products by 6.0%, and turnover of retail sale of automotive fuel by 7.3 %.

Construction costs in Latvia up 0.5%

Compared to February, level of construction costs in Latvia grew by 0.5 % in March 2018. Labour remuneration of workers rose by 1.1 %, prices of building materials by 0.5 %, and maintenance and operational costs of machinery and equipment by 0.2 %.

Spanish resort city to prohibit renting apartments to tourists

Palma, the Spanish resort city in the Mediterranean island of Majorca, has adopted a restriction that apartment will be not allowed to rent their apartments to travellers, becoming the first place in Spain to introduce such a ban.