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Tuesday 11.12.2018 | Name days: Valdis, Voldemārs, Valdemārs

2010 stabilised transport and logistics industries

Only serious companies with long-term development plans are left in the market. The second half of this year reported positive tendencies already, which gives grounds for forecasting further market growth in 2011 as well, the business news portal BNN was informed by the company DHL Freight.

Number of fast loans takers surges 50%

The number of issued loans has climbed by 50.5% in December. Newly-obtained loans number has surged 70.6%, while amount of loans taken repeatedly has increased by 30.4%.

Reasons for queues on Latvia – Russia border to be clarified

The Interior Minister Linda Mūrniece has ordered the State Border Guard Chief Normunds Garbars to prepare and file for review (by January 24, 2011) information on reasons for road transport queues at Latvia–Russia border checkpoints, the business news portal BNN was informed by the MI.

Tangerine sales boost during Christmas

During the Christmas week from December 20 to 26, Latvia’s major shops reported a significant increase in the sales volume – the most purchased food products were tangerines, gingerbread and chocolates.

Oil prices exceed 91 US dollars per barrel

The United States of America crude prices have exceeded 91 US dollars per barrel, affected by weaker dollar and cold weather.

Number of unemployed at pre-retirement age doubles

At least one-tenth of the registered unemployed persons are of pre-retirement age; moreover, during the last two years the number of these people has doubled.

Local televisions might leave Lattelecom monopoly

Local televisions will not stop broadcasting, as they might use their own transmitters in future. It is the other way round with regional televisions that will not allowed to use their transmitters.

EP member: bank activities – not the cause of crisis

The reason for lending boom was the lack of cross-border surveillance, and Swedish banks cannot be blamed for starting the economic crisis, considers the European Parliament member from Sweden and the European People’s Party fraction Vice -President Gunnar Hökmark.

Strazds: competitors driven by cold calculation, not emotional values

The Latvian export companies are operating in the global and regional competition conditions, while the competitors are driven by cold calculation, not emotional considerations, the senior economist at Nordea banka Andris Strazds points out when commenting on the events in the Latvian economy in 2010.

Estonia’s overdue loan volume drops to 6.8%

This year in November, the amount of overdue loans in Estonia has dropped to 6.8% of the total loan volume, indicate the statement by the Estonian Central Bank.

Up to 100 000 Estonians work in Finland

Approximately 50 000 – 100 000 Estonia’s residents regularly commute to Finland, although the official data suggest the number of guest workers from Estonia comprises 21 000.

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.