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Saturday 25.01.2020 | Name days: Sigurds, Zigurds

December shows housing prices drop

December 2010 reported 0.8 % series apartment price drop for the first time during the year, amounting to an average price of 609 EUR/m2.

Professor: Latvia’s recovery from crisis could be longer than expected

Latvia’s recovery from the crisis could be much longer than we expect, the Professor at the University of Latvia and Sorbonne University Baiba Savrina states.

Producer prices in Latvia surge 0.2%

Producer prices in Latvia grew by 0.2% in November, 2010, compared to October, which is the second smallest growth in the European Union.

E-ticket payments possible in trains from May 2011

Starting from May 2011 it will be possible to use e-tickets in trains, which are currently used to pay fares in Riga public transport. AS Pasažieru vilciens e-ticket will be implemented in three stages.

18 000 households still left without electricity

In the morning of January 5 about 18 000 households in Latvia were still left without electricity, moreover, the number grew by 1 500 households more, due to precipitation.

Tourism bureau Key Promotions goes bankrupt

The notorious tourism bureau Key Promotions creditors have decided to launch the company's bankruptcy procedure, according to the information available at the Insolvency Register.

Finance Ministry specifies persons righteous to 0% VAT rate

The Cabinet of Ministers has specified the range of people righteous to purchase goods and services in the territory of Latvia with the 0% VAT (value added tax) rate.

Sugar to become a luxury

Poor harvest of sugar cane in Brasil and Australia endangers Europeans, including, Latvians as well, as might result in sugar becoming a treasured luxury - as in the Middle Ages.

Water meter business in hands of sham operators

Possibly, the data on water meter verification time-limits have come in wrong hands.

Dombrava compares Saeima to a voting machine

The newly elected Saeima member Jānis Dombrava says he is extremely and unpleasantly surprised at what he is experiencing in the Saeima. The Parliament should be a place for democratic discussions, instead our Saeima is like a voting machine.

Real estate prices maintain stability

December 2010 did not report any considerable price fluctuations, keeping real estate prices stable.

Expert: number of foreign tourists could rise by 5 – 10%

2011 will be the stabilization year for tourism – the number of foreign tourists visiting Latvia could increase by 5 – 10%, indicates the Latvian Tourism Development Agency Director Armands Slokenbergs.

Latvenergo Head: lack of investment in electricity supply systems

Up to now no significant investment has been placed in electrivity supply systems, similarly the Public Utilities Commission has set a tariff rise aiming to collect more money for infrastructure improvement, says Latvenergo Head Āris Zigurs.


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