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Saturday 17.08.2019 | Name days: Oļegs, Vineta

ECTA may support Baltkom applying to EU competition advocacy bodies

If Latvia fails to decide upon broadband interoperability strategy so that it is available from 2013, European Competitive Telecommunications Association will support Latvian Telecommunications Association and Baltkom appying to the European Competitin Council, Lauris Kļaviņš, representative of LTA told the business news portal BNN.

Classical Swine Fever outbreak in Lithuania

Kaunas region in Lithuania reports outbreak of Classical Swine Fever (CSF), hitting a pig farm with 16 000 pigs. All measures necessary to limit and eliminate the disease are being carried out, including, restricting the stricken area.

Macroeconomic indicators index rises 4.7%

In April 2011, the macroeconomic indicators composite index grew 4.7% (at constant prices), compared to the exact month last year.

Accused persons in journalist phone-tapping case sentenced to imprisonment

After reviewing in appeal procedure the criminal case regarding the journalist Ilze Jaunalksne’s phone-tapping, today, June 1, Riga District Court imposed the same sentences to the three accused finance policemen as it did last year, when reviewing the case for the first time.

Remuneration grows 20 lats in year's time

Having climbed last year, remuneration in Latvia kept growing also in early 2011, according to the Central Statistical Bureau.

Standard apartment prices keep dropping

The prices of standard type apartments continued to fall in May 2011, dropping 0.8% on average. The price drop is exactly the same as in December 2010.

Buyer of bank Citadele likely to announce itself

Most probably, Russian and British investors' owned VMHY Group will announce its offer to purchase bank Citadele, says Roberts Idelsons, the former senior vice president of Citadele and the current head of Russian VMHY Group's owned M2M Private Bank.

Deputies voting against CPCB search at Slesers’ propety revealed

The Saeima deputies’ vote on allowing the CPCB to carry out a search at the deputy and so-called oligarch Ainars Slesers’ property has been disclosed.

June 1 surcharges petrol 2.4 santims per litre

The new excise tax rates on petrol are coming into force today, June 1 – 28.9 santims, instead of the previous 26.9 santims per litre. This is why the price of petrol grows 2.4 santims per litre automatically.

Waste management industry likely to undergo major changes

By selling shares of one of the leading Latvian waste management group Eko Baltija, the waste industry may experience significant changes, not excluding the emergence of a new market player.

S&P: political situation not to affect Latvia's rating

For the time being, the political situation in Latvia with the upcoming referendum will have no immediate impact on the country's sovereign rating, according to Standard & Poor’s Ratings Services.

IKEA to open its bank in Russia

The holding group IKEA, the leading household goods producer in the world, is going to open its bank in Russia. This will allow the company to economize on intermediary bank services.

Parties unlawfully spent 93 000 lats on 10th Saeima election campaigns

During the 10th Saeima elections the party association For Good Latvia exceeded the pre-election spending by 44 063 lats, while the Greens and Farmers Union, as well as Daugava – Latvijai accepted unauthorized donations at the extent of 4 596 and 1 288 lats, respectively.

Public transport tickets not to climb

Current fuel price levels and trends of the past two weeks give way for hope inter-city bus fares will not be raised. However, if fuel hits one lat per lite, they could grow 5%.

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