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Tuesday 26.03.2019 | Name days: Eiženija, Ženija

Riga City Council opposition: Council prepares «festivities budget»

The Deputies of parties New Era and Citizens’ Union, which are representing the party association Unity at Riga City Council, are up in arms how Riga Municipality’s budget funds and previously accumulated means are carelessly and recklessly spent.

Estonia reports 11% tourism turnover growth

In nine months of 2010, 1.9 million foreign and local tourists stayed at accommodation establishments in Estonia, which is 11% more than in the exact period of 2009.

Liepaja businessman launders 140 million lats

A businessman from Liepāja has bought a private jet, boat and an exclusive Aston Martin car with funds acquired by evading taxes and laundering money, according to the State Revenue Service (SRS) data.

Decreasing number of registered commercial mortgages

In October this year, compared to September, the number of registered commercial mortgages has dropped by 15.07% and along with the fall of the previous month - the overall number of claims has decreased as well (-69.02%).

Expert: Latvia would benefit from TEC-2 stoppage

If it is still possible to stop Riga’s second thermoelectric central reconstruction, Latvia would benefit from this, considers the Finnish power plant production giant Wärtsilä Finland representative in Latvia Jussi Peltonen.

Latvenergo plans to double 2011 electricity sales in neighbour countries

Next year AS Latvenergo intends to considerably expand their activities both in Lithuania and Estonia, where the company plans to double this year’s sales volume, said the power utility's Sales Director Davis Skulte.

Three months Rigibor falls below Euribor

Borrowing costs in lats for three-months Rigibor fell below the one in euros for the first time in Latvia's history.

Estonian export grows by 40% within a year

September this year, goods exported from Estonia accounted for 13.2 billion kroon (LVL 592 680 000), but imported ones– for 13.5 billion kroon (LVL 606 150 000). September 2008 was the last time Estonia exported such volume of goods.

Foreign trade turnover increases by 7.7%

This year in September the total foreign trade turnover at current prices comprised 1008.3 million lats – by 7.7% or 71.7million lats more than a month ago, and by 30.5% or 235.6 million lats more than in September 2009, suggest the Central Statistical Bureau data.

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