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Saturday 19.10.2019 | Name days: Drosma, Drosmis, Elīna

Liepaja and Ventspils collaborate in airports projects development

The local governments of Liepaja and Ventspils intend to sign a cooperation agreement on joint drafting of airport infrastructure development project.

2010 budget deficit – 293.8 million lats

This year, the state’s consolidated combined budget revenues were 3.4 billion lats, while the expenditure amounted to 3.7 billion lats, thereby creating a financial deficit of 293.8 million lats.

Farmers to receive advance payment in October already

The Rural Support Service on October 25 will start paying out single area (SAP) advance payment to farmers, the business portal BNN was informed by the Ministry of Agriculture (MA)

Lauma Fabrics H1 turnover hits 9.57 million lats

SIA Lauma Fabrics turnover in the first half of this year comprised 9.57 million lats. The company’s management predict this year could conclude with about 19 million lats net turnover, indicated the Head of Lauma Fabrics Sales and Marketing Department Edijs Eglins.

Nokia to fire 1 800 employees

Although the mobile communication giant Nokia experienced greater profit than forecast in the third quarter of the year, it plans cutting 1 800 jobs aiming to reduce costs.

Estonian Expert: public and private sector salaries should not differ

In Estonia, there should be no difference between the salaries received by the public and private sector employees, considers the Head of the company Tavid and the former Minister of Finance Meelis Atonen.

Fake medicine trade boom

Eastern Europe is one of the main fake medicine trade routs, where sales reach up to several billion dollars.

Speed cameras to record more varied offenses

Starting from October 22 speed cameras in Latvia will record not only speeding, but also vehicles without technical inspection and compulsory third party insurance. Such additions to the software cost 10 000 lats and it is planned to upgrade the cameras also in future.

Europe asks for wage increase

The European Parliament (EP) has proposed introducing single minimal wage system. Currently the resolution is advisory in nature, yet the European Union executive power owns all the legislative instruments to make the idea «obligatory».

Number of initiated insolvencies grows by 7.26%

Number if initiated insolvencies in first nine months of the year, when compared to the last year, has grown by 145 or 7.26%.

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.