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Friday 20.07.2018 | Name days: Ramona, Ritma

Economists: difficult to predict fuel price gains

There is a number of factors to have an impact on future fuel price gains, thus it is very difficult to forecast the price drivers will have to pay, economists say.

Experts: Estonia and Lithuania cannot compete with major Latvian ICT companies

In order for Latvia to become an information and communication technologies giant, this should be formulated as a national task. Despite it would be difficult for it to compete with India or China, Latvia does not at all lag behind other Baltic states that much, moreover, it is even more powerful in some sectors.

OCTA ends year with 2.6 million lats in losses

In terms of OCTA performance indicators, 2010 marked the overcoming of the low point. Although, overall 2010 reported a slight stabilization in the market situation, OCTA insurance sector concluded 2010 with a negative balance –2.6 million lats in losses.

Excise duty rise to boost pack of cigarettes price by 10 santims

Starting from July 1 this year, the excise tax for cigarettes might boost the price of a pack by about 10 santims, including the VAT.

2 067 e-signature users in Latvia

In nearly a month's time, 5 610 persons have applied for an electronic signature (e-signature) on its Internet site, launched on February 1. Out of them, 2 067 are already e-signature users as they have approached a library in Latvia with their application and obtained it.

Latvia’s exports grew record-high last year

In 2010, Latvia’s agricultural and food product exports hit record-high – 818 million lats. Compared to the first half of 2010, exports surged 47% in the last quarter of 2010, totalling 250 million lats, the Agriculture Minister Jānis Dūklavs says.

Libya unrest boosts Brent crude above 113 dollars

Protests in Libya threatening to contaminate also other oil producing countries of the region have boosted Brent crude above 113 US dollars, which is 29 months high.

Number of budget places at universities to drop 10%

Starting from September 1, this year, the number of budget places for first year university students might drop by 600 places, reveals the Education and Science Minister Rolands Broks.

Expert: fuel price to surge 5 santims

It is expected fuel price will increase by five santims due to the increased excise duty rate, value added tax, as well as duties on the state crisis reserve provision, the Head of the Latvian Fuel Traders’ Association Uldis Sakne indicates to the business news portal BNN.

Bank of America credit-card subsidiary writes off 20 billion dollars

The largest bank in the US the Bank of America's (BoA) credit-card subsidiary FIA Card Services NA is reformulating its financials of eight quarters marked with a 20.3 billion US dollars write-down over deteriorating credit and stricter regulations, according to the statement published by the bank.

Riga Free Port asks government's help in ice breaking

Long-term frost and thick ice in the Gulf of Riga is disturbing navigation considerably, as it has a negative impact on the companies operating in Riga Free Port. Consequently, Riga Free Port management has appealed for the help of the government.

Swedbank: tax rise to boost inflation

If the scheduled tax increase is approved in the proposed version, it will clearly raise inflation, indicates Dainis Stikuts, the senior economist at Swedbank.