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Monday 20.01.2020 | Name days: Aļģirds, Orests, Oļģerts, Alģis

Brent slips below 106 U.S. dollars

Brent crude fell below 106 U.S. dollars per barrel on new concerns about weak demand after data on the U.S. – world's largest oil consumer – were released.

Uncertainty over planned austerity measures worries 73% of population

The current budget consolidation has been postponed until the end of 2011, so majority (73%) of the economically-active residents of Latvia aged 18 – 55 years are concerned about the uncertainty regarding planned austerity measures in 2012.

Expert: investing in gold is like jumping on moving train

From the investment point of view, investing in gold now is the same as jumping in the last car of a moving train, recognizes Harijs Svarcs, head of Swedbank's Investment Management.

Dutch investors to attract 50 million lats to Baltic region

After a long period of stagnation, the gradually recovering economy of Latvia has attracted foreign investors’ interest. Therefore, aiming to invest in the prospective Latvian and Baltic companies' expansion, the Dutch company BGF.BV is launching its operations in this region, indicates Artis Davidnieks, company's authorized representative.

Number of economically-active population shrinks 0.7%

Compared to the same period last year, the number of economically-active population dropped 0.7% in the second quarter of 2011. Nearly two thirds (65.8%) of the residents were economically-active. This indicator accounted for 70.4% among men and for 61.6% among women, according to the Central Statistical Bureau data.

Zatlers’ Reform Party urges Prime Minister to dismiss Augulis

Yet another scandal and lack of action plan in airBaltic's case is one of the most vivivd examples of government and particularly the Transport Minister Uldis Augulis’ inaction and continuous state theft, believes the ex-President of Latvia Valdis Zatlers’ party.

Brent drops amidst eurozone’s troubles

Brent crude was down 0.2%, sticking below 111 U.S. dollars a barrel. Oil markets were hit by ongoing concerns over Europe’s debt crisis and stronger dollar, drawing away investors from riskier assets, to secure investments in gold and Swiss franc.

Interest rates surging to 2008 level likely to reduce housing availability

Interest rate surge might significantly affect residents’ opportunities to buy housing – loan rates increase of one percentage points would reduce Housing Availability Index by about 9%.

Investors looking to inject 200 million lats

Investors are showing interest in acquiring a number of facilities and businesses that would attract investments of more than 200 million lats.

BAS representatives resign from airBaltic council; state pressured to make decision

Following airBaltic shareholders' meeting on August 17, Ilmars Razumovskis and Jean-Charles Korsak, council members nominated by Baltic Aviation Systems, resigned from office, Inga Piterniece, board member of BAS, informs the business news portal BNN.

Russia screws up Carlsberg's financial report

The second-quarter financial performance of the world's fourth largest beer producer Carlsberg did not even reach the average forecasts, since the company struggled on the Russian market.

Biggest oil find discovered in Norway

The Norwegian company Statoil has gained access to the largest oil finds in the North Sea. The Aldous and Avaldsnes reservoirs overall contain 500 million to 1.2 billion barrels of oil.

Sweden prepares financial sector defence plan

Sweden has timely taken special measures to protect its financial and banking sectors, thus avoiding debt crisis, indicates the Swedish Finance Minister Anders Borg.

Buffet buys shares amidst market panic

The American billionaire Warren Buffett used the U.S. stock market plunge to buy 9.7 million shares in the bank Wells Fargo. In terms of assets, the bank takes the fourth place in the U.S.

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