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Friday 17.01.2020 | Name days: Tenis, Dravis

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.

Huge wave of foreign-investor interest in Estonia

Estonia joining the eurozone and the Organization for Economic Cooperation and Development have boosted foreign investors interest in Estonia.

Mobile broadband devices boost Ericsson profit

The world’s largest wireless network manufacturer Ericsson predicts the sales volume growth and much higher net profit due to the surge in mobile broadband equipment demand.

Transition to euro cost Estonia several million kroon

The European single currency euro has been in use for only a couple of weeks in Estonia, but the preparatory work for this transition lasted almost for a year, demanding large sums of money.

Debts to cost the state budget even more

This year, the state will have to direct more than half a billion of lats to the domestic and external debt repayment. In 2010, the government debt rose by 785.92 lats or 18.3%, amounting to 5.08 billion lats.

Oil drops due to expected stocks climb

US oil price dropped on January 25 for a second session in a row, affected by the expected rise in stocks and weak technical outlook.

Food not to become cheaper amid stable prices

Food price gains are linked to the VAT rise, global energy resources price surge and the low base of the last year, the Bank of Latvia President Ilmārs Rimšēvičs told.


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