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Tuesday 23.04.2019 | Name days: Jurģis, Juris, Georgs

IMF: more austerity measures necessary

The International Monetary Fund (IMF) asks Eastern European governments to implement even tougher austerity measures to reduce the budget deficit, restore banking sectors and promote growth.

Haim Kogan: fuel excise tax increase will hit the country’s economy

Fuel excise tax must not be increased, such action would hit the entire country's economy, said Lukoil Baltija R Deputy Chairman Haim Kogan in an interview to the business news portal BNN.

Producer price level in manufacturing rises by 0.5%

The total producer price level in Latvian manufacturing industry in September, compared to August 2010, rose by 0.5%.

Moody's: Russian banks lending volumes may evoke new financial crisis

Russian banks keep increasing lending volumes to their largest clients, which is risky as it might evoke another financial crisis, concludes the rating agency Moody's.

Russians might acquire Orlen Lietuva refinery

At least seven companies are interested in acquiring Lithuanian state-owned refinery Orlen Lietuva.

Analyst: Estonian unemployment will not drop as companies work efficiently

The unemployment in Estonia will not decrease significantly because the companies have started to work more cost-effectively – the same work amount is now done by a smaller number of employees, considers the Estonian Statistics Department analyst Krusel Sim.

Parex Bank shareholders ask Constitutional Court to assess Credit Institutions law

Eight foreign companies, indicating they once owned 8.4% of AS Parex bank capital, have applied to the Constitutional Court (CC).

Association: lack of processing hinders profitable biological products business

The prospective business of biological or ecological agricultural sectors are halted by the lack of product processing, said the Chairman of the Association of Latvian Organic Agriculture Board Gustavs Norkarklis.

Businessmen: economic growth impossible without crediting

Latvian economic growth is impossible without crediting, different industries representatives are convinced.

Insurance companies clients paid 96.3 million lats this year

During the first nine months of 2010, the Latvian insurance company customers have received 96.3 million lats in claims, which is by 26% or 34.1 million lats less than during the corresponding period last year.

Saeima Commission: government to borrow only with Saeima permission

In future if the government plans undertaking considerable liabilities, it will have to be granted the Saeima permission; Budget and Finance (Taxes) Commission of the Saeima supported amendments on Budget and financial management law provide this.