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Tuesday 23.04.2019 | Name days: Jurģis, Juris, Georgs

Economist: surge in construction causes Latvia’s GDP to go up

«Exceeding optimistic outlooks and in spite of developments in the finance sector Latvia’s GDP had growth 4.8% last year. This increase came largely as a result of a rapid surge in the country’s construction sector,» comments SEB Bank economist Dainis Gašpuitis.

PUC: residents do not often complain about internet, TV and mobile services

The number of residents who complain to the Public Utilities Commission about electronic communication services – internet, TV and mobile communications – had dropped last year, as reported by PUC.

Retail trade turnover in Latvia up 1.2% in January

Compared to January 2018, the total retail trade turnover rose by 1.2 % in January 2019. Turnover of retail trade in non-food products increased by 2.3 %, turnover of retail sale of automotive fuel by 2.5 %, while turnover of retail trade in food products reduced by 0.7 %.

Researchers: income increase is the solution for prevention of inequality

The main solution for preventing inequality among residents is increasing their income. This includes increasing minimum wages, as mentioned in a study on the influence of tax reform on taxpayers.

Ministry: Latvia has accomplished a lot in ensuring gender equality

Latvia is among six countries in the world with the highest index for gender equality on the labour market. This is shown as much in World Bank’s published study that analysed legislation on gender equality in 187 countries.

Freight transport between Latvia and Bosnia and Herzegovina will not require permits

An agreement has been reached in regards to permit regime’s cancellation for mutual freight transport between Latvia and Bosnia and Herzegovina starting from 1 January 2020. This means transit and mutual freight transport will be liberalized and allowed to be performed without permits, as reported by Latvian Foreign Affairs Ministry’s Communication Office.

EU urges for restraint in nuclear-armed Southern Asia, as bullets fly in Kashmir

The European Union and other world powers have called for calm between India and Pakistan, which have both downed enemy jets on Wednesday and continued with trading fire on Thursday.

Committee: funding for innovations should be no lower than 25% of the total envelope

Funding for research and innovations in the next planning period should be below 25% of the total EU fund envelope. It is preferable for funding to reach 40%. This was unanimously supported by Saeima’s Sustainable Development Committee during a meeting on Wednesday, 27 February.

Saeima: Latvia’s 2019 budget couple be approved around April

Latvia’s budget of 2019 approval in the final reading is planned for the first week of April, said head of Saeima’s Budget and Finance Committee Mārtiņš Bondars after meeting with Finance Minister Jānis Reirs on Wednesday, 27 February.

Lido invests EUR 10,000 in new equipment and products

Lido restaurant network has invested EUR 10,000 to procure new cooking equipment and develop new products, as confirmed by Lido representatives.

Construction costs in Latvia down 0.2% in January

Compared to December 2018, the level of construction costs in Latvia reduced by 0.2 % in January 2019. Prices of building materials had decreased by 0.5 %, while labour remuneration of workers and maintenance and operational costs of machinery and equipment grew by 0.1 %.

Survey: last year’s best development in agriculture – compensation for floods

According to Latvia farmers, the best thing to have happened in the industry last year was state support for the losses caused by floods in 2017 (47.8%), whereas the worst development in 2018 was the lasting drought and consequences it had caused (82.3%), according to results of Swedbank survey.

Opinion: Citadele Bank wants to be active on the stock market

Citadele Bank wants to become active on the stock market, says the bank’s governor Guntis Beļavskis.