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Saturday 17.08.2019 | Name days: Oļegs, Vineta

87% of Latvia residents not satisfied with government’s work

Despite the publicly voiced promising expectations about the economic recovery, the inhabitants’ sentiment regarding the economic situation in Latvia has declined dramatically, experiencing as sharp drop as in spring of 2009.

32% of Latvians willing to work abroad

Latvians leaving to work abroad is a serious issue with long-term effect on the future of the state, 76% of the respondents say. 9% see it as an important, but short-term problem, while 6% point out it is not that big issue after all.

Fazer bakery turnover drops 8%

Last year, the economic recession maintained in the Baltics, with Latvia facing the worst situation. Despite raw material and energy resource price surge, in 2010 the average price of bread was approximately 10% lower than in 2009.

Brent crude drops for second day in a row

Brent crude is down for the second day in a row on March 24, having dropped 0.4%, it now amounts to 115 US dollars a barrel amid Portugal Prime Minister's resignation, flaring up eurozone concern, but at the same time also boosting oil traders profit.

Fuel price gains to halt soon

There are no objective reasons for fuel prices to keep surging. The current fuel price in North Eastern Europe is a couple of percent lower than several weeks ago. Moreover, US dollar has dropped as well, which should drag down fuel prices even more.

77% of Latvia population support passenger carriers’ protest

77% of the economically-active residents of Latvia, aged 18 to 55 years, support the passenger carriers’ warning protest campaign on Thursday, March 24.

Food producers no longer can purchase sugar bags

Latvian producers fear it is no longer possible to purchase large quantities of sugar bags for food production needs, as wholesale companies are now only offering 1kg sugar packs.

Fuel gains claim Estonian drivers additional 450 euro

Due to the rapid fuel price gains over the last two years, an average Estonian family driving more than 40 kilometres per day has lost nearly 450 euro. Fuel prices are fluctuating slowly and consumers do not feel sharp changes at once.

Economist: Lithuanian economy gained the most among the Baltics over the decade

In terms of economic growth rates over the past decade, Lithuania was the biggest winner among the Baltic States, SEB Bank's macroeconomic expert Dainis Gašpuitis points out.

Latvia sells 8 million lats government securities

On March 23, ten-year domestic government bonds were offered with maturity February 4, 2021. Eight million worth government securities were sold.

Japan radiation to reach Europe soon

Radiation from Japan quake and tsunami hit Fukushima plant has reached Europe on March 23, as particles from Japan have already arrived to Iceland. Radiation levels in Tokyo grew ten-fold in the days following the 9 magnitude earthquake on March 11.

600 tons of Estonian kroons still in circulation

Kroons totalling 600 tons are still in circulation in Estonia, moreover, most of the money is unlikely to be brought to banks, accoridng to Estonian Banking Association.

Expert: passenger transportation might see a downfall in 2012

If the budget consolidation measures, which are currently being planned by the government, are implemented and the sector funding is reduced by aanother 30%, passenger transportation can expect a breakdown in 2012, considers Pēteris Salkazanovs, the president of the Latvian Passenger Carriers’ Association.

Idea not to recover small tax debts

If it were permitted by the law, small tax debts not exceeding 10 lats could be freed from collection. The current legislation does not allow not carrying out debt collection to small debts reaching only a couple of santims or lats.

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