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Monday 22.07.2019 | Name days: Marija, Marika, Marina

IMF: Eastern Europe’s economy to expand 4.3% in 2011 and 2012

In 2011, the Eastern Europe's growth should only slightly accelerate, since the domestic demand is already recovering. However, the key risk arises from the eurozone’s financial problems – large budget deficits and inflation, consider the International Monetary Fund's representatives.

Alarm sirens cost over one million lats

Alarm sirens cost more than one million lats, while their yearly maintenance requires several thousand lats from Latvia’s national budget.

Snoras Bank makes the biggest real estate purchase in Latvia this year

This year the Lithuanian Snoras Bank carried out the biggest property purchase in Latvia, acquiring a real estate in Old Riga for more than 11 million lats. The bank purchased the property on 23 Pils Street previously leased by Snoras Bank Latvian branch.

Latvians overpay for mobile communications

The leading mobile communication operators in Latvia offer about 170 various tariffs in total, however, often people opt not for the most suitable one and overpay for the services.

Medicines wholesalers turn less in first quarter

In the first quarter of 2011, medicines wholesalers sold their production for 70.7 million lats, 0.07% less than in the fourth quarter of 2010 and 9% more than in the first quarter of last year.

Google's Chrome PC - Microsoft's new challenge

Sales of laptops with Google's Chrome operating system will be launched in June, as the leading Internet search engine in the world is determined to challenge Microsoft and Apple.

IMF: Europe’s growth rates to accelerate in 2012

This year, Europe’s economic growth will hit 2.4%, with the GDP growth rates accelerating by 2.6% next year, projects the International Monetary Fund.

Latvia population shrinks by 18.7 thousand people

In early 2011, there were 2 230 000 people living in Latvia – a drop of 18.7 thousand, compared to last year. In 2010, the population decrease accounted for 0.83%, compared to 0.57% in 2009.

Census counts over a million people in Latvia

As of May 10, Census 2011 interviewers have counted 1 million and 138 thousand people in Latvia, which is 73.8% of the total population they have to visit, according to the Central Statistical Bureau.

Public Utilities Commission head: protests triggered Latvenergo tariffs rise

Latvenergo tariffs had to be raised a long time ago, while the price of electricity will drop, when people get used to consuming it more economically, says Valdis Lokenbahs, head of Latvia Public Utilities Commission.

Greece needs a new loan

Greece will need a new loan of 60 billion euro to meet its liabilities up to 2013. The country will need new support resources totalling 27 billion euro in 2012 and 32 billion euro in 2013.

Russian investors boost bank balance

Thanks to the interest from the part of Russia, the situation with real estate loans in Latvia is improving. At the same, banks forecast there will still be problems with consumption credits.

Disabled people might have to choose – pension or benefit

From now on people with disabilities might have to make a choice – whether to receive a disability pension or unemployment benefit in case of job loss, according to the proposal by the Welfare Ministry whose officials indicate disabled people should receive only one benefit.

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