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Sunday 15.12.2019 | Name days: Jana, Johanna, Hanna

SEB: debt burden slows down global economy

Sluggish U.S. economic performance and growing uncertainty over the debt situation as well as insufficient decisiveness of American and eurozone policy makers drag down stock markets and trigger turmoils on financial markets, says Dainis Gaspuitis, SEB bank economist.

Escheat function passed on to sworn bailiffs

The Cabinet of Ministers has approved the Finance Ministry’s prepared Bill package stipulating the function of escheat or transfer of property ownership without a will or heirs, discharging creditors' claims and passing on to sworn bailiffs the responsibility of transferring the remaining funds to the state budget.

Indian GDP growth drops to 7.7%

India's economy expanded 7.7% in the three months from April to June, if comparing with the same period a year earlier.

Job seekers ask for more

Job seekers now ask their employers to name clear duties, responsibilities and tasks. They also assess adequacy of the remuneration level more thoroughly, says Aivis Brodins, CV-Online representative.

Citadele: businessmen’s sentiment – cautiously optimistic

Latvian businessmen’s sentiment keeps improving gradually and can be characterized as cautiously optimistic, similarly as before the previous parliamentary elections.

80% of Riga residents believe another global crisis will hit Latvia

29% of Latvia residents are fully confident that a new global economic crisis will strike and also affect the financial stability in Latvia. While 51% think it is rather likely, according to the online survey conducted by metal trading company Goldinvest Asset Management.

Amazon could sell 3-5 million tablets in Q4

Amazon could sell 5 million tablets in the last quarter of 2011, thus, turning the leading Internet retailer into the key rival to Apple, according to Forrester Research.

Balticovo: egg prices to go up

Given that feed grain prices are gaining, chicken eggs producer AS Balticovo will be forced to raise prices, according to Arnis Veinbergs, board chairman at the company.

Russia to hit new gas extraction records

Russian gas extraction is set to hit 671 billion cubic meters this year, outrunning the performance of a year earlier by 3.4% and the the previous all-time-high in 2008 - 665 billion cubic meters - by 1%.

Estonian Air to spend 400 million euro on new aircraft

The Estonian airline Estonian Air is set to spend 400 million euro by 2015 to purchase thirteen new aircraft. Tero Taskila, President of Estonian Air, is to submit the new investment plan to the Economy Minister Juhan Parts until late September.

Gold price surges after dropping 2%

On Tuesday, August 30, gold regained strength after falling by more than 2% in the previous session. At the same time, it is forecast that economic activity and easing concerns over re-recession in the U.S. could limit the gold price surge.

41% want a new face as the head of anti-corruption bureau

41% of all the economically active population aged 18-55 say the new head of the Corruption Prevention and Combating Bureau should be sought outside its staff, according to the social research agency TNS Latvia.

Political parties promise a stable tax policy

Although years of the crisis saw a series of changes in the tax policy, from now on political parties are resolved to ensure its stability by not carrying out significant changes in the main taxes in the next few years.

Excise tax raise attracts Finnish alcohol-tourists to Estonia

In 2012, several taxes will be increased in Finland, including the excise tax on alcohol. Due to this Estonia can expect a higher number of Finnish tourists.

Life insurance sector compensates 8% more

In the first half of 2011, life insurance companies in Latvia wrote premiums totalling 23.7 million lats, according to Latvian Insurers' Association.

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