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Sunday 15.12.2019 | Name days: Jana, Johanna, Hanna

Potholes make up 30.5% of total BTA insurance claims

If last year 419 CASCO and CASCO Potholes claims were received due to damage caused by hitting a pothole, then during the first 80 days (2.5 months) of 2011 already 30.5% of the total number of claims filed in 2010 have been received.

Households debt to Latvijas Gāze – 6.5 million lats

In March 2011, the total household debt to the company AS Latvijas Gāze comprised about 6.4 million lats, while the number of debtors – 132 000 people. Compared to 2010, the total debt has surged 1.7 million lats, Latvijas Gāze press secretary Vinsents Makaris informs the business news portal BNN.

Consumers’ loyalty to Latvia-produced sugar keeps prices up

People's desire to buy sugar produced in Latvia, regardless its price, kept sugar price high, concludes the Competition Council (CC), when assessing the competitive situation in ordinary one-kilogram pre-packaged sugar market.

Expert: part of state administration takes bribes

There are three different groups taking bribes in state administration, whereas a combination of sudden caprices and constant competition among the strongest players runs the state, says the former State Chancellery Policy Coordination Department deputy head Uģis Šics.

One in three motorcycles in Latvia has OCTA insurance

Although currently only every third motorcycle in Latvia has an OCTA insurance (Compulsory Motor Owners Third Party Liability Insurance), judging from the experience of the previous years, people will buy the policies five times more in April, ERGO forecasts.

Ventspils Mayor: international lenders are mostly right

We cannot say the international lenders requirements are wrong, for the most part they are right, Ventspils Mayor Aivars Lembergs says, stressing the lenders want Latvia to progress, hence the strict requirements.

Changes in OCTA law enable receiving indemnity from one's own insurer

The direct loss regulation system, stipulating that owners of cars damaged in road traffic accidents receive a compensation from their insurer, will facilitate Latvian vehicle owners’ life, while the newly-adopted provision in OCTA Law will force insurers boost the quality of their services, considers the Latvian Vehicle Insurance Bureau Board Chairman Juris Stengrevics.

Unemployment rate falls 0.1%

In late March 2011, the unemployment rate in Latvia formed 14.4%, dropping by 0.1 percent point, compared to February 2011, the State Employment Agency informs the business news portal BNN.

Auditor General: Latvia - ship without captain

The state is drifting in an unknown direction, because the government has not formulated a specific direction of development, according to the Auditor General Ingūna Sudraba. If a vessel does not have a captain, it cannot possibly have a destination to reach either, she says.

Macroeconomic indicators index grows 4.1%

Compared to the exact month last year, in February 2011 the macroeconomic indicators composite index at constant prices rose 4.1%.

Latvia debt drops to 37.7% of GDP

Over the two months, the government and local government debt has fallen to 23.8 million lats, with its nominal value comprising 5.056 billion lats or 37.7% of GDP in late February, according to the aggregated data by the Finance Ministry.


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