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Monday 23.07.2018 | Name days: Magda, Magone, Mērija

FCMC to collaborate with CRPC

The Financial and Capital Market Commission (FCMC), a public institution that monitors the financial sector, has entered into an agreement with the Consumer Rights Protection Centre (CRPC), in which it consented on cooperation and a more efficient approach to securing the interests of consumers and financial market participants.

Rīgas satiksme under great credit obligations

Rīgas satiksme total debt formed 118.74 million lats in 2009, which exceeds its current assets 5.8 times.

New electronic payment system for parking to be introduced

In order to avoid further damages to the capital’s parking machines and payments with counterfeited coins, the company Rīgas satiksme intends to make a transition to non-cash settlements.

Gas spot price lower by 30%

This summer's natural gas market spot price might be 30% lower than it is recorded in the contracts.

After stress test publication euro bank shares fall sharply

The SX7P shares value has dropped in the European banks. This was caused due to the doubts about the efficiency of state creditors' issue of loans, which occurred shortly after the Wall Street Journal published an article on stress test results and the bank's Basel III capital move uncertainty.

Expert: alongside with the inflation growth, Russia has to consider raising interest rates

Experts are of the opinion that, alongside with growing inflation,the Central Bank of Russia should reconsider the option of increasing the interest rates.

Estonia to cut subsidies for renewable energy

Estonian government wants to reduce subsidies for renewable energy producers, thus reducing costs for consumers, indicates Minister of Economic Affairs of Estonia Juhan Parts. The Ministry of Economics of Estonia plans to prepare amendments in the bill.

Connections – key factor in job search

The data obtained from DnB NORD Latvijas barometrs poll show that the inhabitants of Latvia believe that it is easier to get a job through acquaintances.

European Commission promises to support Latvia in negotiations with Gazprom

The European Commission will support Latvia in the negotiations with Gazprom on more beneficial conditions of natural gas supply. It recognizes that natural gas is a strong political weapon in the hands of Russia, announced the European Commissioner for Energy Günther Oettinger.

Court to apply additional security measure for Munkevics

Jurmala Court will decide on the possibility of applying additional security measure to Raimonds Munkevics. Jurmala City Council deputy Iveta Blaua, who is in a status of witness in the case, considers that from the custody released and in corruption accused colleague could influence her.

Entrepreneurs could be excluded from receiving new technology funding

It is possible that many enterprises, who attempt to introduce new technologies in manufacturing, will not be able to receive the money due to limited access to funding.

Egle: we should focus on the reduction of shadow economy

In order to improve the economic situation, it is necessary to concentrate on the public expenditure cuts and reduction of shadow economy, because, currently it is too large, considers the Employers’ Confederation of Latvia (ECL).

Fitch Ratings raises Latvia's credit rating future assessment

International rating agency Fitch Ratings has reestimated Latvia's rating and raised it from negative to stable.

Current account surplus reduces – economy recovers

On account of a significant drop in foreign direct investment companies’ losses, the surplus in the current account of Latvia's balance of payments has decreased in the second quarter of 2010.

In month’s time industrial output increased by 2.3%

The data of Central Statistical Bureau (CSB) indicate that, after comparing the indicators of June and July 2010, the industrial production output, according to seasonally adjusted data at constant prices, has grown by 2.3%.

Online shops recover from crisis; new participants enter market

Online shops in Latvia are gradually recovering from the recession, and more participants are entering the market, pointed out the surveyed industry experts and representatives.