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Tuesday 19.03.2019 | Name days: Jāzeps

Number of budget places at universities to drop 10%

Starting from September 1, this year, the number of budget places for first year university students might drop by 600 places, reveals the Education and Science Minister Rolands Broks.

Expert: fuel price to surge 5 santims

It is expected fuel price will increase by five santims due to the increased excise duty rate, value added tax, as well as duties on the state crisis reserve provision, the Head of the Latvian Fuel Traders’ Association Uldis Sakne indicates to the business news portal BNN.

Bank of America credit-card subsidiary writes off 20 billion dollars

The largest bank in the US the Bank of America's (BoA) credit-card subsidiary FIA Card Services NA is reformulating its financials of eight quarters marked with a 20.3 billion US dollars write-down over deteriorating credit and stricter regulations, according to the statement published by the bank.

Riga Free Port asks government's help in ice breaking

Long-term frost and thick ice in the Gulf of Riga is disturbing navigation considerably, as it has a negative impact on the companies operating in Riga Free Port. Consequently, Riga Free Port management has appealed for the help of the government.

Swedbank: tax rise to boost inflation

If the scheduled tax increase is approved in the proposed version, it will clearly raise inflation, indicates Dainis Stikuts, the senior economist at Swedbank.

Tourists turnover at hotels surges 17.7%

In 2010, the number of visitors in hotels and other accommodation places comprised 1 312 thousand people – an increase of 17.7%, compared to 2009. The number of visitors from Latvia edged up 20.5%, but of foreign visitors – 16.4%.

30% would cover costly tests and surgeries with health insurance

Every third resident of Latvia would use health insurance policy to cover expensive medical tests or surgeries. While about 40% of the respondents would utilize their policy for dental services, but 30% – for hospital treatment.

Advance payments used for situation improvement

In 2010, the local governments’ consolidated budget formed a surplus of 54 million lats due to advance payments.

Millions overpaid for medicines

Despite many medicines in the list of reimbursable medicines are equally effective, patients opt for more expensive ones. For example, in the last 11 months of 2010, patients overpaid more than eight million lats, according to Health Payment Center.

Flick: I could have as well let state solve airBaltic issues

I could have just handed airBaltic’s financial problems over to the state to find the solution, says Bertolt Flick, the President and co-owner of the airline. Now, knowing the political background, I would seriously consider whether to enter into an agreement on airBaltic’s brand purchase.

Nokia announces its new strategy

Mobile phones manufacturer Nokia has come up with a new strategy, including changes in leadership that are not yet publicly announced. This way the company is trying to boost its performance among competitors, according to Nokia statement.

State benefit payment restrictions in force until 2012

Given the current economic situation, the restrictions on sickness, maternity, paternity, parental and unemployment benefits, introduced in 2009, will be maintained by 2012.