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Wednesday 21.08.2019 | Name days: Linda, Janīna

Expert: Zatlers unlikely to be re-elected

The President of Latvia Valdis Zatlers is unlikely to be re-elected for the second presidential term. The real candidate will be found out only at the night of elections, political technologist Jurģis Liepnieks says, stressing that most likely Zatlers even does not want to be re-elected.

Economists: further credit rating improvements depend on state budget sustainability

Although Latvia’s credit rating future outlook improvement is good news, the international rating agency Standard & Poor's Ratings Services’ decision was already expected and is not surprising, the economists indicate.

Estonia’s budget loses 45.5 million kroon due to envelop wages

After ending investigation of 745 detected cases, when employees' salaries were paid in envelopes, it was found that in 2010 the Estonian Treasury has missed out 45.5 million kroon (LVL 2.04 mln).

Repharm: international drug names to prevent corruption in pharmacy

Presenting international drug names in prescriptions would prevent corruption in pharmacy, Latvian local holding AS Repharm investors committee representative Iveta Lāce told at a press conference on March 9.

Swedbank blocks several clients payment cards

Upon carrying out credit card transaction monitoring, Swedbank has come across several cases of third parties trying to access credit card users data. These payment cards were blocked to ensure security of the clients, the bank's press secretary Kristīne Jakubovska told the business news portal BNN.

88% against raising retirement age

The majority or 88% of all the economically active population in Latvia aged 18 up to 55 are against the amendments proposed by the Welfare Ministry, providing retirement age rise up to 65 years by 2021.

Lithuania Economy Minister steps down

Lithuania Economy Minister Dainius Kreivys decided to resign after Chief Official Ethics Commission announced he was confusing public and private interests. The conflict of interest had already been ongoing for some time.

Triatel profit keeps growing

Telecommunications operator Triatel turned 6 319 000 lats in 2010, posting 986 000 lats profit and outdoing the financial performance of 2009 by 11%, Triatel told the business news portal BNN.

Riga Council opts for 30 million lats more expensive magistral road

Riga Council has approved construction of a high-speed magistral road , which, according to the current estimates, is to cost the most, compared to other two equal variants - it is going to be 30 million lats more expensive than the cheapest of them.

Government to sacrifice debts for budget revenue boost

The government plans granting indebted tax payers an opportunity to settle the basic sum and 10% of the fine, thus cancelling late payment penalty and 90% of the fine, however the perspective of businessmen is different.

Audit set for airBaltic’s financial situation assessment

The government has agreed on carrying out an audit at the airline airBaltic, in order to evaluate the company’s financial condition, because the information received from the airline’s Head is inaccurate and contradictory, recognizes the Prime Minister Valdis Dombrovskis.

Sugar price keeps gaining

As for now, sugar has surged 20% at Latvian stores, compared to 2010. Moreover sugar shortage is raising global fear because sugar price keeps gaining, the leading sugar distributor in Latvia AS Nordic Sugar Retail Manager in Scandinavia and the Baltics Henrik Bramsted says.

Brewers' Association to review industrial espionage in Uzava after official request

Latvian Brewers' Association has not been informed by the breweries Užavas alus (Užavas beer) and Valmiermuižas alus (Valmiermuižas beer) about the fact whether Valmiermuižas alus has really been indulged in industrial spying, Latvian Brewers' Association head Pēteris Liniņš told the business news portal BNN.