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Ceturtdiena 19.07.2018 | Name days: Jautrīte, Kamila, Digna

Portugal to receive 78 billion euro bailout

European Finance Ministers agreed on Monday, May 16, to grant Portugal three-year 78-billion-euro EU-IMF loan.

Magazine EMEA Finance recognizes SEB as best bank in Latvia

In its annual award Europe Banking Awards 2010, the international financial magazine EMEA Finance has recognized SEB as the best bank in Latvia. EMEA Finance experts granted the highest assessment to SEB bank among the Latvian commercial banks for the third consecutive year.

Number of economically-active farms shrinks 26.5%

Last year, 83.1 thousand economically-active farms in Latvia managed 2 807.1 thousand ha of land, of which 1 787.2 thousand ha were utilised agricultural area.

Economist: current account could be balanced this year

Surging foreign investors' profit is reducing the current account balance more and more, as basically it is re-invested in companies. Moreover, new investments in companies are crucial for them to boost production capacity, thus the total of direct foreign investments keeps growing.

Moody's keeps negative outlook for Baltic banking system

Moody's Investors Service has announced it is keeping negative outlook for the Baltic banking system, pointing out recent economic improvements still do not do away with the challenges.

Expert: Russia’s influence is exaggerated

Russia's huge influence is overstated; moreover, it is rather expected to decline, considering changes in the gas market, believes Robert Nurick, the American expert on Russian and East European matters.

Neste Oil: Baltics hit fuel price ceiling

High oil prices of early this year added to dropping fuel consumption in all three Baltic states, says Panu Kopra, Vice President of Neste Oil Retail.

Lukoil Baltija R boss Kogan dies

Haim Kogan, deputy Board Chairman of SIA Lukoil Baltija R has died. He had been in the post since 2005.

Saab signs agreement with Chinese partner

Swedish car maker Saab announces it has concluded a new agreement with Chinese company Pang Da Automobile, according to its Dutch owner Spyker.

Fierce competition among applicants for executive and blue-collar jobs

The Estonian labour market is currently experiencing sharp competition among executives, as well as unskilled workers – most of the officially-registered jobless persons qualify particularly for these vacancies.

Analysts: euro crisis can hit Eastern Europe recovery

Crisis in the eurozone can have a considerable impact in the economic recovery of the Eastern Europe, Bloomberg's surveyed analysts say, as eurozone finance ministers meet today in Brussels to draft a new plan of easing Greece’s debt burden.

BMW 7 series - most popular luxury car in first quarter

Super luxury car BMW 7 series is the 1st quarter's leader in sales in Latvia and Lithuania, while Estonians preferred Audi A8 the most, Latvian Authorized Automobile Dealers Association informs.

Growing number of asylum seekers in Latvia

This year, the number of asylum seekers in Latvia has increased, with April and May, in particular, reporting a larger number of asylum seekers from Georgia and African countries, the State Border Guard’s Coordination and Public Relations Department Chief Inspector Jevgēnija Pozņaka informed the business news portal BNN.

Latvia foreign trade volume surges 38.3%

In January– March 2011, the Latvian total foreign trade at current prices amounted to 2934.3 million lats, which is 812.4 million lats or 38.3% more.

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