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Tuesday 21.08.2018 | Name days: Linda, Janīna

Oil sticks above 90 dollars a barrel

Oil price hovers below 91 dollars a barrel also in the morning of February 2. Since the end of the previous electronic trading oil has surged 10 cents up to 90.87 US dollars a barrel.

Tverijons calls businessmen's morality and ethics base

Banks are ready to resume lending, but they are not going to make the same mistakes again, points out the Latvian Commercial Banks Association President Teodors Tverijons. He explains «the fat years» accustomed businessmen to developing their business at the expense of money that is not their own.

Second highest EU unemployment rate - in Latvia

The registered unemployment level in Latvia reached 18.3% in December, which is the second highest indicator in the European Union (EU), according to EU central statistical office Eurostat.

40% of Estonians still against the euro

Thanks to the smooth transition to the EU single currency the euro, the number of its supporters has surged, however the figure of those against it still amounts to 40% of the respondents.

CC: lower prices formulation to boost medicines producers competition

Both the Cabinet of Ministers approved surcharge system and the medicines producers fight for the doctor's, instead of the patient's choice in case of analogue medicines have not permitted to fully make use of the option to set lower prices to medicines.

Riga drafts almost 3 000 protocols for uncleared pavements and roofs

Since the beginning of December 2010, the police and inspections have overall drawn up about 3 000 administrative acts in Riga, of which around two thousand were prepared in January, the business news portal BNN was informed by the Riga City Council.

Latvia the only EU state with growing number of air passengers

Compared to 2008, in 2009 in all the European Union member states, except Latvia, the number of passengers carried by air has dropped, indicates the EU central statistical office Eurostat data.

Intel chip defect prevention to cost one billion dollars

The world’s largest chip manufacturer Intel has announced it has found a design deficiency in the recently distributed chip production.

Chamber of Commerce and Industry: Agriculture Ministry lives on the Moon

To be honest, I had never seen such pure lies in my life as those of the parties forming the government, Latvia Chamber of Commerce and Industry Board Chairwoman Žaneta Jaunzeme-Grende says, adding that she is annoyed by the public officials determination to manage each and every, even the very smallest state and EU fund.

CPCB arrests Vaskevics for giving bribes worth 50 000 euro to SRS official

On January 31, 2011, the Corruption Prevention and Combating Bureau detained the Finance Ministry’s public official for bribery in the framework of criminal proceedings. The sum of the bribe amounts to more than 50 000 euro.

Latvia in risk of loosing EU funds

The generous European Fund, which has provided Latvia with nearly a half billion of euros over the past six years, may become more «thinner» in 2014. New European fund allocation regulations are actively discussed in Brussels and the current scenarios are not looking favourable for Latvia.

IMF: Latvia's policy should be more conservative

Given that it is difficult to forecast precise fiscal indicators, Latvia should be more conservative in its policy, considers the Senior Advisor at the International Monetary Fund European Department Anne-Marie Gulde-Wolf.

LEC Chairman: unfair businessmen should have limited access to tenders

In order to boost the construction sector development, the government should revise the Public Procurement Law and limit unfair businessmen participation in tenders to a maximum, considers the Chairman of SIA Latvijas Energoceltnieks (construction company LEC) Board Andris Asars-Asarovskis.

Ventbunkers will call for the intervention of the Latvian Government regarding Litasco

Negotiations between AS Ventbunkers and the Lukoil subsidiary Litasco did not lead to any result because of the totally unreasonable position of Litasco. Ventbunkers will call for the intervention of the Latvian Government, informs Dr. Rudolf Meroni, chairman of Ventbunkers Supervisory Board.

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