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Friday 06.12.2019 | Name days: Niklāvs, Niks, Nikolajs

Estonia Finance Ministry: GDP might reach annual 6% in Q3

On recovering from the most severe recession in the European Union (EU), Estonia will probably be able to increase its GDP to about 6%, compared to 2010 third quarter, due to growing export demand.

Latvijas Finieris shareholders merging to sell their shares for higher price

Minority shareholder of Latvijas Finieris Armands Apfelbaums in inviting shareholders to merge, in order they could sell the shares at the highest possible price or gain influence in the Biķi family controlled company.

Nordea Markets: the recovery has restarted

After several difficult years in the Baltic States, Poland and Russia in terms of the growth, the crisis is over, Nordea Markets concludes in its latest Baltic Rim review.

Swedbank: tax rise to encourage tax evasion

Further tax increase may even more propel avoidance of tax pay, especially if the volume of shadow economy does not decrease and the society’s confidence in expenditure reduction process declines, assert Swedbank economists.

Arco Real Estate: Latvia real estate prices unlikely to change

Price climb of October has finally stopped, thus 2010 highest apartments price rise was recorded in January - 4.6%, the business portal BNN was informed by the real estate company Acro Real Estate representative.

Estonian banks earn at the expense of currency exchange rates

The major banks of Estonia are making use of the possibility to exchange euro loans to kroons at favourable rates. Department of Consumer Protection points out, by making use of their exchange rates, banks earn several tens of kroons in a year's time.

Study: GDP potential to drop due to qualified labour shortage

Alongside with the decrease in qualified labour offer, gross domestic product growth potential will drop as well, concluded the University of Latvia PhD student of Social Demographics Ivars Indans in the study Highly Qualified Labour From Third Countries. International Experience and Latvia’s Situation.

Latvia President nominates Dombrovskis as Prime Minister

The President of Latvia Valdis Zatlers announced today, November 2, that the current Head of the government Valdis Dombrovskis (the party New Era) is nominated as the Candidate for the Prime Minister post.

Riga Central Market not quick to get rid of mediators

AS Rīgas centrāltirgus (Riga Central Market) plans developing a new land lease regulations; however the existing contracts most likely will remain in force.

Car insurance to be more expensive in 2011

After a huge drop in prices within two years’ time – for OCTA (about 50%) and KASKO (about 20%) policies – the insurers expect a return to the climb in prices next year. OCTA price is likely to increase even by 30%, but KASKO – by 20%.

Economist: selling Citadele and Parex Bank could reduce the state debt

By selling the almost entirely state-owned AS Parex banka and the created AS Citadele banka as its reorganisation result the state could exempt the currently frozen state deposits at both banks and reduce the state’s external debt, indicated Nordea Bank senior economist Andris Strazds.

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