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Saturday 20.10.2018 | Name days: Leonīda, Leonīds

China raises benchmark rates twice in two months

On December 25, China’s Central Bank increased the benchmark lending and deposit rates by 25 basis points. The rate increase has happened already twice during the last two months.

Latvia could develop computers for Russia

The Latvian company Vidzemes elektrotehnikas fabrika, whose representatives formed a part of the President of Latvia Valdis Zatlers official visit to Moscow delegation, hope to start developing computers for the Russian market.

Political expert: I doubt Dombrovskis will make a change

The Prime Minister of Latvia is good at carrying out internal devaluation measures, thus keeping the society relatively calm. In terms of that, he was the right person in the right place, however, this approach has already run out of resources, the political analyst Jurģis Liepnieks is convinced.

Latvian goods hardly stand out at Moscow stores

When searching for the Latvian goods at Moscow’s supermarkets, one can admit how useful would Rīgas marka or other recognizable brand introduction be, in order to distinguish goods produced in Latvia from the overall product assortment.

Riga Mayor: 36 000 needy people in Riga

The situation is quite tragic – there are 36 000 destitute people in Riga, and it should be understood that this number will not reduce – currently a large number of needy people has no hope of getting a job, even if there are new job openings, believes Riga Mayor Nils Ušakovs.

Ex-President: Zatlers visit to Moscow will improve Latvia-Russia relations

The President of Latvia Valdis Zatlers visit to Moscow will serve as the «green light» in improving the relationship between the two countries, the former President of Latvia and the current Parliament member Guntis Ulmanis is convinced.

Medvedev: Russia will not repeat USSR mistake - declaring itself a super-country

Russia is not going to qualify for the title of super power country, points out the President of Russia Dmitry Medvedev, calling on other countries to also refrain from such statements.

Oil price hits two-year high

On Thursday, December 23, the oil price reached the highest peak in almost two years. This is due to unexpected rise in demand on the global market, which in turn led to the largest drop over the last 10 years in the US crude stockpiles.

Businessman: Swedbank might be lobbying Denmark’s interests

The Danish businessmen who had obtained commercial information only known to Swedbank, expressed interest in buying the pig farming complex Vaiņodes bekons established by the entrepreneur Andris Griģis, claims the owner of the company A/S Tak-G shareholder Ēriks Štālbergs.

Estonians get Riga maternity house

Estonian company Eesti Energia subsidiary in Latvia SIA Enefit has won Riga municipality's organized procurement tender on Riga maternity house electricity purchase in 2011.

Deutsche Bank to pay 554 million dollars for fraudulent tax shelters

The leading bank of Germany Deutsche Bank has admitted its criminal wrongdoing and agreed to pay 553.6 million dollars (LVL 297 million) not to face prosecution in the United States of America (US) over fraudulent tax shelters, generating 29 billion dollar (LVL 15.5 billion) in fake tax losses.

IMF sells 403 tons of gold

The International Monetary Fund has sold 13% of its gold reserves – overall 403 tons of gold have been sold since September 2009.

Latvia’s inhabitants go on leisure trips 6% less than in 2009

During the third quarter of 2010, the number of recreational trips accounted for 4.5 million, which is 6% less than during the same period in 2009. The number of one-day long leisure trips decreased by 3%, but the number of trips with overnight stay – by 15%.

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