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

More than half shop at low-cost stores and during campaigns

The majority of the residents in Latvia are keen to make use of various ways to save up money, for example, they shop at low-cost stores, follow all discount campaigns and opt for the cheapest goods. Similalry, they also make effort to plan their daily expenses.

Seven kidnapped Estonians finally set free

Seven Estonian cyclists who were kidnapped in March in Lebanon have finally been set free, according to the Estonian Foreign Affairs Ministry.

Gold price breaks records

Gold price has hit record high by exceeding 1 589 US dollars per ounce after dollar dropped rapidly following the international rating agency Moody's warning on the possible downgrade of the United States of America sovereign credit rating.

Karlis Serzants wrote Berzins’ first official speech

The newly-elected President of Latvia Andris Berzins’ first speech was written by his recent Saeima faction colleague Karlis Serzants. The Saeima deputy and journalist himself does not deny participation in this process, however, emphasizing he was only lending a helpful hand.

Pension indexation requires additional 7.5 million lats in 2011 and 34.1 lats in 2012

If pensions under 165 lats are indexed, additional 7.5 million lats will be needed this year, but in 2012 – 34.1 million lats, indicates Aija Barča, chairwoman of the Saeima Social and Employment Matters Committee.

US runs out of money for pensions

The US President Barack Obama has acknowledged that soon the federal Treasury will no longer have funds to timely pay out pensions.

Lithuania President: Latvia has not given up Visaginas NPP project

Latvia will not withhold from participating in Visaginas nuclear power plant (NPP) project, the Lithuanian President Dalia Grybauskaite indicated at the press conference on July 12. However, she added that the intensity of Latvia’s participation is still not clear.

DnB NORD group still posts losses in Latvia

DnB NORD group operational profit before tax and provisions formed 12.2 million lats in the first quarter of 2011, while revenue from basic operations accounted for 25.8 million lats.

IMF urges Italy to cut spending

International Monetary Fund is urging Italy to make sure there is «decisive implementation» of expenditure cuts to slash the country's debt.

Nearly 90% of customers join supermarkets token programmes

89% of customers say they participate in supermarkets loyalty programmes by saving up stickers, according to study. Moreover, 39% of the respondents say they shop at that particular store even more than usually.

EU ready to review fisheries laws

The European Commission has published proposals on changes in the European Union's fishing industry.

32% more visa applications lodged in June 2011

In June 2011, Latvia’s diplomatic and consular representations abroad accepted 21 410 visa applications – 32% more than in June 2010 with 16 227 visa applications, according to the Foreign Affairs Ministry data.

Oil drops while US inventories gain

Oil price still keeps dropping amid sudden gain at US crude inventories and slashed Irish credit rating. At the same time, there is well-supplied market and a deteriorating outlook for demand.

Proposal to cut taxes and raise minimum wage

Finance Ministry (the FM) has proposed to reduce taxes and increase the minimum wage by coming up with significant changes in individual income tax in order to slash the tax burden.

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