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Monday 18.02.2019 | Name days: Kintija, Kora

People to be divided in groups for shadow economy combat

In order to combat the shadow economy, politicians are considering the possibility of applying the Deputy’s Ingrīda Circene prepared health insurance concept that would divide the population into three groups.

Triatel: decreasing number of rural inhabitants

The telecommunications operator Triatel is more and more affected by the consequences of the crisis – the migration of rural region inhabitants to foreign countries. Such trend was observed while considering the reasons why clients give up Triatel services, as well as by assessing new customers growth rate.

Swedbank: direct foreign investments return to Latvia

Along with the economic recovery foreign investors interest about the Latvian national economy has resumed as well, moreover the activity comes from both the existing investors and also new ones.

Aldaris export volume grows 76%

The export volume of Latvia’s major brewery Aldaris rose 76% in 2010, compared to 2009, the business news portal BNN was informed by the company’s Board Chairwoman Ināra Šure.

Latvia acquires Latvijas Finieris shares

The company Latvijas Valsts meži has purchased the first ten AS Latvijas Finieris shares; moreover, it plans to buy more. These shares comprise about 0.3% of the total stock.

Transport Minister: Latvia should increase its influence on airBaltic

Currently, airBaltic shareholders’ cooperation agreement is being assessed, and I wish the state, the major shareholder of the airline, would have more influence on the company, indicates the Transport Minister Uldis Augulis.

Electricity tariffs likely to rise 40%

The electricity tariff increase in April could be devastating and far exceed the promised 20%. The Public Utilities Commission intends to have a meeting on February 14 on the new electricity tariff draft set to come into force on April 1, this year.

Budget should not be «mended» at farmers expense

In 2011, the volume of agricultural subsidies – 6 million lats – covers only the most urgent expenses of farmers; therefore, it can boost the unemployment in rural areas.

Study: supermarkets not interested in clients service

After evaluating the clients service quality in the leading supermarkets of Latvia, the results formed only an indicator of 58.2%, which suggests low quality clients service among the sales personnel, according to SIA Service Quality Development study.

Heating costs in Riga to drop 13%

In January Riga residents will have to pay for heating on average by 13% less than in December 2010, indicates the analysis of AS Rīgas Siltums issued bills in January 2011 and December 2010.

SAS hopes to make profit in 2011

The Scandinavian airline SAS reported a slight fourth-quarter net profit, raising hope to get back on profit track along with the recovery of the market.

Latvia to pay 100 000 lats in compensations for Talsi tragedy

On Wednesday, February 9, the Supreme Court Senate upheld the ruling that stipulates exacting 100 000 lats compensation from the Latvian State Fire and Rescue Service for the caused damages in the tragedy that occurred in Talsi in 1997.

Finnish trade surplus drops 37%

Finnish trade surplus fell 37% in 2010, compared to 2009, which is down to 880 million euro, according to official statistics.

Public relations specialist: new political force could emerge before next elections

A new political force could be created before the next elections in Latvia, concedes the public relations specialist Jurģis Liepnieks, adding he is sceptical about the formation of a new party. The current political offer is not sufficient, he says.

Manufacturing turnover grows 13.2%

The manufacturing turnover grew 13.2% last year, compared to September, including in the domestic market – by 2.6% and export - 27.4%, indicates the Central Statistical Bureau data.

Analyst: zero inflation means Estonia is not used to euro

The euro introduction is the key reason for Estonia registering zero inflation in January, the first month after joining the euro zone, SEB bank senior analyst in Estonia Hardo Pajula says.

Survey: 42% of Latvians unaware of their pension amount

81% of Latvia’s residents consider childhood and study years as the best period of life, while only slightly more than 1% regard retirement age as the happiest period, according to Nordea Bank’s latest survey.

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