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Friday 22.02.2019 | Name days: Rigonda, Adrians, Ārija

IMF sells 403 tons of gold

The International Monetary Fund has sold 13% of its gold reserves – overall 403 tons of gold have been sold since September 2009.

Latvia’s inhabitants go on leisure trips 6% less than in 2009

During the third quarter of 2010, the number of recreational trips accounted for 4.5 million, which is 6% less than during the same period in 2009. The number of one-day long leisure trips decreased by 3%, but the number of trips with overnight stay – by 15%.

Decline in crude stocks boosts oil price to surpass 90 US dollars

Oil price a barrel climbed above 90 dollars on December 22, due to a considerable drop in crude oil and gasoline inventories as the severe winter weather has affected oil sales in both Europe and the United States of America (USA) significantly.

Foreign investors give up, while local company continues to fight

The Norwegian company SIA Baltic Pork declined the proposed construction of farm of 3 000 pigs due to Malpils’ inhabitants negative reaction, although the implementation of this project would create at least 30 new job positions.

Lido owner supported by three offshore companies

The company Firma Lido, owned by Gunārs Ķirsons, has managed to avoid immediate insolvency declaration and property sales because the plan of extrajudicial legal protection process measures was endorsed by three offshore firms even before its official registration.

France and Germany to block Romania and Bulgaria’s Schengen zone entry

France and Germany have decided to block Romania and Bulgaria’s accession to Schengen zone next year, the European Commission's press representative revealed on Tuesday, December 21.

Taxi services to become pricier next year

Starting from February 1, next year, both distance and time tariffs will be used when calculating taxi fares.

Producer price level in manufacturing – down by 0.2%

In November 2010, the overall level of producer prices in the Latvian manufacturing industry has gone down by 0.2%, compared to October.

High-speed railway from Riga to Moscow – likely in eight year’s time

Until 2018, when Russia will host the World Cup Finals, a high-speed train line between Riga and Moscow could be created. The officials of both countries discussed such project during the President of Latvia Valdis Zatlers’ visit in Russia.

Latvijas Gāze agrees with Gazprom on 15% lower gas purchase price

AS Latvijas Gāze and the Russian company Gazprom have reached an agreement on the natural gas supply, due to which the gas procurement price will drop by 15%, indicates the press secretary of LG Vinsents Makaris.

Russia keeps hand on Baltics’ pulse

It is not excluded that the electricity prices for the Baltic States’ residents will be determined by the Russian power utility owners. For instance, already now the Russian power utility Inter RAO is rapidly and extensively constructing new plants at Lithuania’s border.