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Monday 21.10.2019 | Name days: Severīns, Urzula

Housing prices increase by 26.1% in year's time

Although serial apartments market experienced small price fluctuations in September, apartment prices have increased by 26.1% on average since September, 2009.

Analysts: Investors are pleased with the election results

Investors are glad about the results of the Parliament (the Saeima) election results, because another outcome might be less certain, impede economic reforms and threaten the society with the International Monetary Fund (IMF), consider analysts.

Experts: telecommunication companies should be privatized first

The telecommunication companies Lattelecom and Latvijas mobilais telefons, on which there where lengthy discussions in the society and government, should be privatized entirely as the first from the state-owned companies.

5520 companies liquidated this year

So far 5520 companies of Latvia have been liquidated, which is almost the corresponding figure of the whole last year - 5715.

Price fluctuations expected in real estate market

In the third quarter of the present year, the real estate market gas undergone changes - apartments price climb stopped in September, although experts indicate price fluctuations still can be expected in future.

Several taxes might be raised next year

Real estate duty rate for housings, value added tax and non-taxable minimum might be increased next year.

Experts: no exceptions among possible privatizable state companies

When considering different options to enhance the management of state-owned enterprises, including the partial or full privatisation, there cannot be «holy cows» among the companies whose privatisation is not discussed.

Kristovskis: most likely, Unity, Greens/Farmers and All For Latvia! - For Fatherland and Freedom will form the coalition

It is most likely the coalition in the next Saeima will be formed by Unity (Vienotība), The Greens and Farmers Union (Zaļo un Zemnieku savienība) and All For Latvia! (Visu Latvijai!)-For Fatherland and Freedom / LNNK (Tēvzemei un Brīvībai/LNNK), according to Unity Co-Chairman Girts Valdis Kristovskis after having met with The Greens and Farmers Union.

Highest EU unemployment rate - in Latvia

Until the August 2010, Latvia had the second highest unemployment rate amongst 27 member countries of the European Union, namely, 19.5%; while Spain ranked first with 20.5%

Shadow economy hits 32% of GDP

Latvia shadow economy has reached 32% of the gross domestic product (GDP) this year, concluded international experts.