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Wednesday 21.08.2019 | Name days: Linda, Janīna

IMF: eurozone not in danger of collapse

The eurozone will not collapse, also there no risk that one of the member states currently facing financial difficulties would leave this union, indicates the International Monetary Fund statement.

Russia to pay debt of more than 100 billion dollars this year

Russia has to pay back the external debt worth more than 100.8 billion dollars in 2011. A substantial part of the sum will be covered from commercial banks (36.1 billion dollars) and the state-owned companies (62.3 billion dollars).

Association of Local and Regional Governments critizes «hundred-lats»

Our red tape is already a too heavy burden for taxpayers, the Chairman of the Latvian Association of Local and Regional Governments Andris Jaunsleinis told in an interview to the business news portal BNN, suggesting changing the investment policy regarding regions and do away with the «hundred-lats» programme.

Justice Minister: penalties for serious offences should be more severe

The Latvian penal system should be reviewed, introducing more severe penalties for grave crimes, believes Justice Minister Aigars Aigars Štokenbergs.

EBRD could finance Lituania’s LNG terminal

The European Bank for Reconstruction and Development is considering the possibility to invest funds in the Lithuanian energy pipeline construction to Poland and Sweden.

Half of households to pay more for electricity from April

Starting from April this year, electricity tariffs will increase for half of Latvia’s households, Latvenergo, according to Board Member Uldis Bariss and the Ministry of Economics State Secretary Juris Pūce.

Spiking vegetable prices

In January, this year, vegetable prices rapidly increased; moreover, a sharp decline in local potato stock is observed due to Russian dealers' activity, experts indicate.

Sweets, coffee and milk price gains

Along with the procurement price increase, the price of sweets, coffee, milk and dairy products has also surged; moreover, price gains are expected for tea and fish products as well, food retailers say.

Privatization to bring Moscow 200 billion rubles

An ambitious privatization program is said to bring Moscow 200 billion rubles this year. It is planned to sell state shares in 226 companies.

Siemens profit surges 15%

The German industrial group Siemens first-quarter net profit has soared 15% up to 1.75 billion euro.

EU sugar reform based on wrong data

The sugar reform carried out by the European Union (EU) was based on dated data without taking into consideration sugar beet producers interests, according to the European Court of Auditors.

Businessman: influence on political processes brings benefits

As long as you do not have a direct influence on political decision-making, the result will not be worth the invested work, the Chairman of AS Ceļu pārvalde Board Mārtiņš Lauva told in an interview to the business news portal BNN.

Minister of Interior: I take responsibility by solving the police crisis

I take full responsibility by solving the crisis situation currently at the police, the Minister of Interior comments upon the recent tragical events in a town of Latvia Jekabpils, at the same time dismissing the opinion she should resign.