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Ceturtdiena 21.02.2019 | Name days: Eleonora, Ariadne

Millions spent on unbuilt concert hall

Although already 5.5 million lats have been invested in the city Liepaja multifunctional centre project Lielais dzintars, it is still unclear whether the concert hall will be built at all.

Petrol price to jump soon

Despite already hitting record high, petrol price is to jump again on June 1 when the new excise tax rate comes into force, boosting its price 2.5 santims per litre.

Riga to be the main support point for EU telecommunications regulation

The newly-established office in Riga by the European Union Board of European Regulators of Electronic Communications will play a key role, providing research and administrative support to the organization's efforts to create a common regulatory environment in the EU.

Newsec: not the fittest survive, but those who adapt

2011 marked real estate market's recovery in Latvia and the Baltics in general. Potential investors and project developers again express their interest, despite slow and gradual, to place their money here, Newsec Chief Executive Olga Kozina told the business news portal BNN.

Number of economically-active farms shrinks 26.5%

Last year, 83.1 thousand economically-active farms in Latvia managed 2 807.1 thousand ha of land, of which 1 787.2 thousand ha were utilised agricultural area.

Economist: current account could be balanced this year

Surging foreign investors' profit is reducing the current account balance more and more, as basically it is re-invested in companies. Moreover, new investments in companies are crucial for them to boost production capacity, thus the total of direct foreign investments keeps growing.

Moody's keeps negative outlook for Baltic banking system

Moody's Investors Service has announced it is keeping negative outlook for the Baltic banking system, pointing out recent economic improvements still do not do away with the challenges.

Expert: Russia’s influence is exaggerated

Russia's huge influence is overstated; moreover, it is rather expected to decline, considering changes in the gas market, believes Robert Nurick, the American expert on Russian and East European matters.

Neste Oil: Baltics hit fuel price ceiling

High oil prices of early this year added to dropping fuel consumption in all three Baltic states, says Panu Kopra, Vice President of Neste Oil Retail.

Lukoil Baltija R boss Kogan dies

Haim Kogan, deputy Board Chairman of SIA Lukoil Baltija R has died. He had been in the post since 2005.

BMW 7 series - most popular luxury car in first quarter

Super luxury car BMW 7 series is the 1st quarter's leader in sales in Latvia and Lithuania, while Estonians preferred Audi A8 the most, Latvian Authorized Automobile Dealers Association informs.

Growing number of asylum seekers in Latvia

This year, the number of asylum seekers in Latvia has increased, with April and May, in particular, reporting a larger number of asylum seekers from Georgia and African countries, the State Border Guard’s Coordination and Public Relations Department Chief Inspector Jevgēnija Pozņaka informed the business news portal BNN.

Latvia foreign trade volume surges 38.3%

In January– March 2011, the Latvian total foreign trade at current prices amounted to 2934.3 million lats, which is 812.4 million lats or 38.3% more.

Government to raise minimum wage

Next year, the minimum wage in Latvia might be increased to 205 lats, but in 2014 – to 215 lats, according to the Finance Ministry's initial estimates.