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Monday 16.07.2018 | Name days: Hermīne, Estere

France continues fuel supply despite oil refineries stoppage

France will ensure the fuel supply, despite the fact that the national oil refineries are closed due to the protests against President Nicola Sarkozy's decision to increase the retirement age.

Top oil trader: oil price will not reach 100 US dollars

Despite the previous prognosis on oil price climb up to 100 US dollars (50.3 lats) per barrel, the world’s largest oil trading house forecasts the price increase will be modest next year, reaching 85 US dollars (42.7 lats).

Economic crisis propels 12% price increase in Estonia

During three year’s time, prices have grown by 12% on average in Estonia. This is significantly more than the observed average price climb (7%) in the European Union.

Estonia to run out of EU unemployment funds soon

In July 2011 Estonia will run out of the European Union (EU) funds allocated to the social sector support, including the unemployed.

Euro strengthening could slow down Estonia export

The strengthening of the euro against the dollar in recent months could have a negative impact on Estonia’s export, which rose by 40% in August this year, compared to the corresponding period in 2009.

Russian billionaires interested in Latvenergo LNG terminal construction

Good acquaintances of Russia’s Prime Minister Vladimir Putin – businessmen Yuriy Kovalchuk and Gennady Timchenko intend to develop business in Latvia and use it as a base for economic expansion in Europe.

Ober-Haus: Baltic real estate market recovers

Apartment prices in the capital cities of the Baltics testify for the fact the real estate sector has survived the sharp downturn caused by the global economic crisis. After having experienced the lowest level, the prices are currently climbing.