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Sunday 26.05.2019 | Name days: Varis, Eduards, Edvards

Cheap hotels era ends

After two years of decline, last year hotel prices in Europe surged 1.5% on average, comprising 215.24 euro per night for a hotel room.

Euro in Estonia boosts investors’ activities also in neighbouring countries

Estonia’s shift to the euro has positively influenced German investors’ business activities in Latvia and Lithuania. The number of investors convinced the euro in Estonia promotes the neighbouring countries’ business exceeds the one of those facing negative consequences.

The Economist: retirement age in Europe should be raised to 70 years

By 2040, the retirement age in Europe will have to be increased to 70 years. Since 1971, the average life expectancy rate in the advanced countries has risen by 4 – 5 years, and forecasts suggest that until 2050 it will grow by additional three years.

Experts: another such week to result in fuel price hitting one lat

Another such week and the fuel price in Latvia will reach one lat. While in summer it will already exceed the one lat threshold, the political technologist Jurģis Liepnieks indicates to the business news portal BNN, when assessing the global oil market and the Latvian tax impact on the fuel price.

Japan stricken by another severe quake

Strong earthquake aftershock has shaken the northern Japan, causing two casualties and power outages in large territories.

Exports comprise 30% of AS Rīgas Dzirnavnieks turnover

The company AS Rīgas Dzirnavnieks concluded the year 2010 with a turnover of 14 million lats, which is at the level of 2009. While the total export volume last year accounted for 30% of its turnover, the company’s representatives inform the business news BNN.

Profit grows despite the turnover drop

Considering the turnover drop by 37%, companies concluded 2010 with a profit, which is contrary to losses in 2009, according to the 8 400 companies’ annual reports submitted to Lursoft.

Regional and local televisions are being destroyed in Latvia

In Latvia, regional and local televisions are being gradually destroyed, the Chairman of the Latvian Regional Television Association and TV Spektrs owner Jānis Galviņš indicates.

Experts forecast oil price drops in late 2011

The global economy has not yet recovered enough to bear such high oil prices as at the moment, thus global oil prices could hit 105 dollars a barrel in late 2011, falling down to 98 dollars a barrel in 2012, Swedbank forecasts.

ECB marks end of crisis with interest rate rise

For the first time in almost three years, the European Central Bank has raised its key interest rate by 0.25 percentage points up to 1.25%.

Saab suspends car production

The Swedish automaker Saab has announced the stoppage of production until the resolution of dispute with suppliers over the outstanding bills.

Baltkom finds investor and wants to acquire IZZI

The cable television and electronic communication company Baltkom has announced it abandons plans to merge with the cable TV provider IZZI and now is willing to acquire 100% of its shares.