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Friday 06.12.2019 | Name days: Niklāvs, Niks, Nikolajs

Transport Ministry criticises Economy Ministry for LNG project

Latvia has been trying to come to an agreement with its neighbours in terms of the liquefied natural gas (LNG) terminal construction for a year already, moreover, the Economy ministry's inability to settle the issue is now more than obvious, according to the Transport Ministry.

Benefits for the needy can run out soon

The number of the needy registered during the summer months is dropping, however, if comparing to the year earlier, the figure is up 20 000, according to the Welfare Ministry.

Businessman: people in Latvia are not determined enough

Latvian developers of new technologies are not productive and determined enough, they do not linger in the office also after 6 PM, says Alexander Snurnitsins, managing director at the human resource solutions company - AGroup.

Experts: crisis still lingers in construction

Construction - one of the most crucial sectors for the Latvian national economy - is in a very challenging situation, as the downfall is still not over for the industry representatives and the first official results of this year prove that.

One fourth of EU funds acquired

As of late June 2011, the respective ministries have acquired one fourth of the EU funds planned for this year, according to the Finance Ministry.

Additional 7 million lats allotted to road repairs

Funds allocated for road repairs will be granted an additional package of 7 million lats to improve surface of the major roads in the country, Ilze Eida, Transport Minister representative, told the business news portal BNN.

Google to begin collecting images in Latvia for Google Maps Street View

Google announced today, July 28, it is about to begin imagery collection in Latvia to improve Google Maps and Street View feature in its Google Maps. In the coming weeks, Google cars will begin driving and taking photographs of locations around Latvia.

People fear air pollution in Riga

The majority (67%) of the economically active population aged 18-55 are worried about air pollution levels in Riga and other cities of Latvia.

S&P slashes Greek rating two levels

International ratings agency Standard & Poor’s has downgraded Greek credit rating by two notches at once - from CCC to CC, with negative outlook, moreover, possible restructuring of Greece's debt by the European Union will be regarded as a selective default.

Doctors obliged to prescribe cheaper medicines

Upon prescribing reimbursable medicines for a patient for the first time, doctors will have to suggest the cheapest ones, according to the amendments drafted by the Health Ministry.

Moody's cuts Cyprus credit rating

International credit rating agency Moody's has slashed Cyprus credit rating from A2 down to Baa1. There are three reasons for such a move, the agency points out in a statement.

24% would agree to envelope wages

Despite the majority (71.6%) of working people are sure they want their remuneration to be official, nearly one fourth of them (24.5%) would agree at least to partial envelope wages.

Lithuania’s economy to expand 4.9% in 2011 and 4.6% in 2012

Growth of Lithuania’s GDP will accelerate in 2011 and 2012, prices will soar more rapidly, but unemployment will slump only slowly. Market participants predict that GDP will grow by 4.9 percent in 2011 and by 4.6 percent in 2012.

Brent gains for second day in a row

Brent crude is up already for the second consecutive day, exceeding 118 dollars a barrel amid a stalemate in the United States in talks on raising the debt ceiling. All this has already damaged the economy, analysts say.

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