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Wednesday 21.11.2018 | Name days: Andis, Zeltīte

Real estate prices maintain stability

December 2010 did not report any considerable price fluctuations, keeping real estate prices stable.

Expert: number of foreign tourists could rise by 5 – 10%

2011 will be the stabilization year for tourism – the number of foreign tourists visiting Latvia could increase by 5 – 10%, indicates the Latvian Tourism Development Agency Director Armands Slokenbergs.

Rumours on auction wars boost SAS share value

On Monday, December 3, the share value of the Scandinavian airline SAS rapidly mounted. This was due to Air France KLM, Lufthansa and British Airways announcement that the companies are ready to compete for SAS purchase.

Latvenergo Head: lack of investment in electricity supply systems

Up to now no significant investment has been placed in electrivity supply systems, similarly the Public Utilities Commission has set a tariff rise aiming to collect more money for infrastructure improvement, says Latvenergo Head Āris Zigurs.

Consumer credit interest rates may drop 2-3% this year

With the competition in the market getting sharper and sharper, this year's interest rates on consumer credits might fall 2-3%, says SIA aizdevums.lv Board Chairman Anželika Hotelovica.

RSK to auction vehicle, art items and office equipment

The soon to be liquidated RSK Apdrošināšanas AS is selling with an upward bid such movable property as a car, art objects, computer equipment, office furniture and equipment at an open, oral auction.

Minimal growth expects Latvian timber industry

This year will bring only minimal growth to Latvian timber industry, due to full load of production capacity and limited local resources. In order to boost turnover, producers should switch to goods with higher value added, economists are convinced.

Expert: Estonia making substantial input in eurozone

Estonia did not join the eurozone to be its poorest member, but to show other countries a new attitude towards the financial policy, points out the Estonian Minister of Finance Jürgen Ligi.

Industrial production output drops by 0.3%

In November 2010, the industrial production output at current prices accounted for 373.6 million lats. Compared to October 2010, in November 2010 the industrial production volume has decreased by 0.3%, according to seasonally adjusted data at constant prices.

Economic development boosts oil price spike

Oil price keeps climbing, reaching 91 US dollars per barrel at the moment. One of the price spike reasons is the economic recovery, which might propel the price exceeding 100 US dollars per barrel later this year.

Europe to keep facing economic problems also in 2011

Millions of Europeans are used to waking up with a hangover after the New Year celebration, but it cannot even be compared to how several of eurozone member states governments will feel like in 2011, reports BBC.

Tourists left without New Year entertainment

Tens of thousands of tourists, who had arrived to Riga to celebrate the New Year from Scandinavia, Russia and other countries, had to spend the holidays at hotel, since most restaurants and coffee shops in Riga centre were closed on January 1, Riga City Council Deputy Chairman Andris Ameriks points out his discontent.

Long-term gas contracts becoming unprofitable

Long-term gas supply contracts for ten years, where the price is tied to the mazut price with three to nine months lag were once considered as a security guarantee, however, they are becoming unprofitable.

Restaurant Vairāk saules succeeded in tackling crisis

Remuneration will start growing and people will get their spirit of life back, the restaurant Vairāk saules co-owner Endijs Berzins told about their lesson of the crisis to the business news portal BNN.

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