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Tuesday 18.06.2019 | Name days: Madis, Alberts

US credit rating in treats of steep downgrade

The rating agency Standard & Poor's is ready to downgrade the US credit rating to «selective default» level if the White House does not pay the national debt worth 30 billion US dollars (LVL 14.67 bln) by August 4, this year.

28 tonnes of clothing and footwear donated to needy people

With the support of the association Latvijas Zaļais punkts 28 tonnes of clothing and footwear were donated for charity by the residents of Latvia.

Latvia to advocate the same EU funding

Latvia’s key priorities in the EU's multi-annual budget for the next programming period (2014/ 20) are: to maintain the Cohesion Policy envelope (financing for structural funds and Cohesion Fund) at least at the same level (of 2007/ 13 programming period) and to attain fair direct payments to all EU member states’ farmers.

Belarus asks Russia to freeze the gas price

Belarus has requisted Russia to freeze the gas price this year, announced Vladimir Semashko, the country’s Deputy Prime Minister. So far, Belarus, who is currently facing an economic crisis, has managed to pay for Gazprom's supplied gas within the set time-limits.

No drivers licence needed in Estonia from July 1

Starting from Friday, July 1, a law comes into force in Estonia, enabling car drivers to leave their driving license and technical certificate at home. The only condition – drivers must carry with them a personal identity document.

Eurozone’s inflation estimate for June – 2.7%

In June 2011, inflation in the eurozone is likely to hit 2.7%, compared to the same month last year, reports Eurostat.

Riga Mayor to return to Riga next week

Nil Ushakov, Chairman of Riga City Council, is to return already next weekend from Germany, where he is currently receiving treatment.

Retail trade turnover grows 2%

Compared to April, the total retail trade turnover rose 2% in May 2011, according to seasonally adjusted data at constant prices.

Brent crude rises above 112 US dollars

Brent crude has exceeded 112 US dollars. This was prompted by shrinking US oil stocks and weaker dollar due to the Greek parliament's decision to take austerity measures.

Latvia ready to participate in Visaginas nuclear power plant project

The Latvian and Lithuanian Prime Ministers met to discuss the Baltic energy independence, agreeing on the need to strengthen the Baltic States’ position in the EU, jointly defending countries’ interests, including the financial outlook.

Liquid crystal displays to be produced in Ventspils

The company SIA EuroLCDs, which was recently-established in Ventspils, plans to open a three-dimensional (3D) imaging technology plant, investing around six million euro in it.

Citadele Bank ready to invest 100 million euro in Latvia's businesses

In order to boost the Latvian domestic market activity, Citadele Bank is prepared to invest more than 100 million euro or 70.3 million lats in the Latvian business this year.

Latvia reports the second lowest employment rate for men in EU

Last year, the highest employment rate in the European Union (EU) member states for people aged 20 to 64 years was registered in Sweden, the Netherlands, Denmark and Cyprus, while the lowest – in Malta, Hungary, Italy, Spain and Romania.

EC gives Latvia access to banking sector funds

The European Commission has authorized Latvia to release the first part of financial resources worth 300 million euro (LVL 210.8 mln) for the banking sector support, informs Jānis Krastiņš, press secretary of the EC Representation in Latvia.

Google hopes to outrival Facebook with new social site

Google is making its most ambitious move to beat Facebook in the fast-growing social networking market and maintain a leading position in the Internet industry.

IZZI to invest ten million euro in newest technologies

The telecommunications operator IZZI will invest ten million euro (LVL 7.028 mln) in new service and infrastructure development, as well as in existing network modernization and coverage expansion by 2013.