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Wednesday 11.12.2019 | Name days: Valdis, Voldemārs, Valdemārs

S&P warns U.S of possible downgrade

International rating agency Standard & Poor's could slash the United States of America excellent sovereign debt rating by a notch or two by the end of July if no agreement of the debt ceiling increase is reached by August 2.

Swedbank expert: many to live in poverty in future

If there are no sharp changes of the current situation, future pensioners will receive even smaller pensions than the ones today, says Harijs Svarcs, Swedbank expert.

14.68 million m3 trees to be felled in first-half-year

The total amount of trees to be felled in the first-half-year of 2011 amounts to 14.68 million cubic meters, which is 2.26 million m3 more than it was planned in the same period a year earlier, the State Forests Agency told the business news portal BNN.

Minister: international funding needed for shale gas extraction research

To investigate the possibility of extracting shale gas within Latvia’s territory, it is necessary to look for opportunities to attract international funding, Raimonds Vējonis, Minister of Environmental Protection and Regional Development, said after visiting the U.S. and learning about its experience.

SEB: eurozone crisis far from being over

Eurozone crisis is deteriorating and there is systematic risk in the single currency block, following many troubled countries' sovereign debt ratings slashed recently, SEB experts say.

EU banks stress test results about to be published

The European Banking Authority (EBA) is about to publish results of stress tests carried out in 90 banks throughout Europe.

Tele2 blames cooling system failure for network breakdown

Cooling system failure of Riga central electricity transformation mechanism and delayed alarm when it was already overheated, resulting in power rupture, is to be blamed for Tele2 network breakdown yesterday, June 14, according to the mobile communications company.

Google beats Wall Street expectations, posting major performance

Google's financial performance has surprised even the most optimistic projections by the Wall Street, pushing up 12% the value of its shares and calming down concerns that the company’s rivalry with Facebook and Twitter is too costly and hampers growth.

Oil prices rise over weakening dollar

After a drop of more than two dollars on Thursday, oil prices surged again on Friday, July 15.

G4S: illegal employment flourishes in security business

As in all sectors with the bulk of costs for workforce, illegal employment hits high also in security business, says Edgars Zalitis, AS G4S Board Chairman.

One third would vote for Zatlers' party

One third of the economically active residents of Latvia (33%) would vote for Latvia ex-president Valdis Zatler's just established political party, according to TNS Latvia and LNT study.

Riga City Council’s budget revenues climb nearly 15% within half-year

The total Riga Municipality’s budget revenues grew almost 15% in the first half of 2011. Overall, the Municipality’s revenues comprise 236.8 million lats – 30.7 million (14.9%) lats more than scheduled in the budget for this period.

Olainfarm sales climb 27%

The medicinal and chemical-pharmaceutical product manufacturer AS Olainfarm’s provisional June 2011 performance indicates sales have surged 27%, compared to the same period last year, totaling 3.15 million lasts (4.48 million euro), according to the company.

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