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Saturday 21.09.2019 | Name days: Matīss, Modris, Mariss

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.

Analysts: European gas market is corrupt

The European gas market is corrupt and is dominated in interests of the major Western forces, points out the analyst at the Center for Strategic and International Studies and former US ambassador to Lithuania Keith Smith.

Russia wants to build a nuclear power plant in Europe

Russian nuclear power industry sees opportunities to profit from reactors building in developing countries, including India, China and Iran. Currently it is trying out prospects of becoming the main nuclear energy supplier in the European Union (EU).

More than a billion worldwide lack food

The number of undernourished people, especially children, has increased over the recent years. More than a billion people worldwide are currently suffering from poor nutrition, according to the latest Global Hunger Index data.

Eurozone investors exaggerate with judgements on austerity measures

The investors, who invested in the eurozone bond markets, are accused of instinctive statements that have affected the judgments on the European countries non-fulfilment of obligations. In this way, a situation was created where the financial markets were able to «pressurize» the weaker countries to excessively reduce the budget.

Estonia raises economic growth forecasts

Estonian Competition Authority has risen the economic growth forecasts from the current 1.1% to 2%, 69% of experts predict improvement of the situation in a year's time.