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Ceturtdiena 19.09.2019 | Name days: Verners, Muntis

Memorandum against higher education funding cuts signed

Several organizations have signed memorandum of cooperation proposed by Latvian Students Association (LSA), which provides joint work on higher education funding model development and common effort against any reduction of funds in the education sector.

Flick can only be dismissed by his own company

With compliance of the shareholders agreement Bertolt Flick can only be dismissed or elected by the company Baltijas aviācijas sistēmas that he himself owns, which means that the state's control in this matter is limited.

VAT rate rise to books rejected

The deputies of Saeima Education, Culture and Science Committee, yesterday, September 21st, rejected the Ministry of Finance proposal to apply the value added tax rate of 21% to book industry, instead of the current 10%.

New competitor of Lattelecom

Information technology and Internet services provider SIA Kurzemes datorcentrs, promises to compete with Lattelecom in Kurzeme region by offering interactive television next year.

Kubilius: Gazprom threatens Lithuania

The Prime Minister of Lithuania Andrius Kubilius has expressed his concern about the major shareholders of Lietuvos Dujos threatening Lithuania with gas supply disruption.

Experts convinced of crisis end and economic stabilisation

The majority of investors and analysts are sure that the financial crisis is over and the global economy has stabilized.

Banking sector losses in late August – 299.2 million lats

During the first eight months of 2010, seven Latvian banks and two foreign bank branches operated with profit, in total earning 7.1 million lats; however, at the end of August, the total volume of loss in the banking sector amounted to 299.2 million lats.

Germany increases advertising spendings for informing society

The German Chancellor Angela Merkel’s implemented national budget reduction program foresees additional money for advertising spending.

Severstaļlat acquires Finnish export market

Latvian metal manufacturing and trading company AS Severstaļlat participates in the Finnish annual international exhibition Alihankinta 2010 for the second time already.

Producer price level increases by 0.6%

In August 2010, the overall producer price level in the industry of Latvia, when compared to July, has increased by 0.6%, suggests the Central Statistical Bureau data (CSB).

Analysts: US exited the recession in June 2009

The recession in the US economy ended in the middle of June, 2009, concludes the analysts of National Bureau of Economic Research.

Soros wishes to acquire part of airBaltic shares

The world-famous financier George Soros has expressed his wish to obtain part of the Latvian state-owned company Air Baltic Corporation share.

Baltics recovering from recession

The Baltic States have started to recover from the grave recession they had to undergo during the global economic crisis.