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Tuesday 21.01.2020 | Name days: Agne, Agnese, Agnija

Length of litigation process triples

Cases at courts are reviewed in a longer period of time – in 2007, within a reasonable period of time – up to 3 months – 32.9% of claims were reviewed at the first instance, but in 2010 – by three times less – only 9.7%. Similarly in 2007, in 9.5% of cases the time-limit for review of one case was over one year, but in 2010 the number of such cases grew trice – to 33.3%.

Expert: Latvia lacks qualified IT specialists

There is a shortage of qualified IT experts in Latvia. The problem is IT knowledge is the same in Latvia and other countries, so, given the mobility of the work force, many of them might have already left, according to an expert of the sector Signe Baltiņa.

Regulator: electricity prices to keep rising

Compared to other countries, currently the prices of electricity and gas in Latvia are among the lowest. It is naive to expect that prices will climb in the rest of the world, but remain flat in Latvia. I predict that they will rise, says Valdis Lokenbahs, the Head of the Public Utilities Commission.

Unit value of export grows 8.3%, of import – 7.3%

Compared to 2009, last year the average level of export unit value rose by 8.3% and the average level of import unit value – by 7.3%.

Latvian households still unlikely to get hold of Estonian electricity

After Latvenergo’s announcement on electricity tariff rise, companies and people have started to show increased interest in options to buy Estonia’s electricity from SIA Enefit. Currently, Enefit is servicing a number of companies.

Retirement age to reach 70 years

When assessing the social budget sustainability, it is not excluded that the retirement age could amount to 70 years, the Finance Minister Andris Vilks, DnB Nord Bank economic expert Peteris Strautiņš and Welfare Ministry’s Deputy State Secretary Ingus Alliks say.

Economists: difficult to predict fuel price gains

There is a number of factors to have an impact on future fuel price gains, thus it is very difficult to forecast the price drivers will have to pay, economists say.

Excise duty rise to boost pack of cigarettes price by 10 santims

Starting from July 1 this year, the excise tax for cigarettes might boost the price of a pack by about 10 santims, including the VAT.

2 067 e-signature users in Latvia

In nearly a month's time, 5 610 persons have applied for an electronic signature (e-signature) on its Internet site, launched on February 1. Out of them, 2 067 are already e-signature users as they have approached a library in Latvia with their application and obtained it.

Latvia’s exports grew record-high last year

In 2010, Latvia’s agricultural and food product exports hit record-high – 818 million lats. Compared to the first half of 2010, exports surged 47% in the last quarter of 2010, totalling 250 million lats, the Agriculture Minister Jānis Dūklavs says.

Number of budget places at universities to drop 10%

Starting from September 1, this year, the number of budget places for first year university students might drop by 600 places, reveals the Education and Science Minister Rolands Broks.

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