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Ceturtdiena 12.12.2019 | Name days: Otīlija, Iveta

Survey: 38% of Latvia citizens would vote for new political force

With his presidential term coming to end, Valdis Zatlers plans to announce on July 8 whether he will form his own party before the upcoming emergency parliamentary elections in autumn. TNS Latvia survey shows that 38% of the economically-active residents of Latvia would vote for a new political force.

Anti-corruption bureau’s workers happy about Vilnitis leaving

The anti-corruption bureau's employees are relieved about Normunds Vilnitis dismissal from the chief's post, now being able to focus on immediate tasks, rather than writing endless explanations, said Alvis Vilks, the renewed Deputy Director of CPCB.

Moody's finds a hole in China’s banking system

China’s banks have secured more loans to its local governments than indicated in the official statistics. This threatens to worsen the country's banking sector outlook, consider experts at the international rating agency Moody's.

Fitch raises Estonia’s credit rating to A+

The international rating agency Fitch Rating has upgraded Estonia's credit rating to A+, in view of the country’s strong economic growth and sound financial system.

Latvia reports second highest retail growth in EU in May

In May 2011, Latvia reported the second largest retail turnover increase (2.0%) in the European Union, according to the EU official statistics office Eurostat.

Amazon acquires online book retailer

The e-commerce giant Amazon is taking over one of its competitors, announcing that it has acquired the international book sales website The Book Depository International.

Medicine wholesales grow 7%

In May 2011, medicine wholesalers in Latvia sold medicinal products worth 18.02 million lats, including the value added tax, which is 7% more than in April 2011.

77.84% more new companies registered in first half-year

In the first half of this year, 9 495 new companies and their branches were registered, which is 77.84% more over the same period last year, according to data compiled by Lursoft. Moreover, the number of newly-registered businesses keeps growing.

Swedbank: middle-aged men choose life insurance the most

In Latvia, life insurance is more popular among men, besides, the main life insurance buyers are people aged 30-50 years.

Investigation launched at police regarding airBaltic’s application on Economy Minister

A departmental investigation has been initiated at the State Police regarding airBaltic's application about the Economy Minister Artis Kampars. Initially, the airline turned with the application to the Prosecutor General's Office; however, it was then sent to the SP Chief for the organization of investigation and decision-making.

SEB Bank: industrial growth likely to become more moderate

Manufacturing keeps reporting good growth rates, largely based on export market expansion. However, the advanced countries’ markets continue to struggle with getting the economy on a stable growth path, notes Dainis Gašpuitis, economist at SEB Bank.

Non-banking lenders' issued loans – down 16.9%

Compared to the same period last year, loans issued by non-banking lenders dropped 16.9% in the first quarter of 2011.

Latvia's industrial producer prices – second highest in EU

Compared to April, producer prices in the EU fell 0.3% in May 2011, while in the eurozone – by 0.2%. Month-on-month, Latvia reported the second largest price gains in the EU, hitting 1.3%, indicate Eurostat data.


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