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Wednesday 17.07.2019 | Name days: Aleksejs, Aleksis

Termination of the CAF purchase was demanded by CPCB

The final argument for «freezing» of the EU co-financed hundred-million train purchase was made by the Corruption Prevention and Combating Bureau by sending an information request to the Ministry of Transport (MT). In a form of questions it contained critics to decisions of MT and Pasazieru vilciens, as well as clearly stated: «Bureau is of opinion that the competition procedure must be terminated.»

RVR: train purchase failure will result in no offers from other manufacturers

If the purchase competition of new trains will fail and JSC Pasazieru vilciens will not conclude an agreement with the winner Spanish company Construcciones Auxiliares y Ferrocariles, other big train manufacturers are unlikely to offer their proposals to Latvia, are convinced the Chairman of the Board of JSC Rigas Vagonbuves rupnica and Board Member Lazars Raisbergs.

Finance Minister: Latvia to join better eurozone than Estonia

A very tough and special period has just rounded up. It does not matter that we are a small country. We are highly respected and our influence is now bigger, says Finance Minister Andris Vilks, adding that Latvia is now respected all across Europe.

Ventspils City Council rejects construction plan for the second part of Ventspils grain terminal

Deputies of the Ventspils City Council today in the Council meeting have rejected the construction plan for the second part of the grain terminal in Ventspils, Dzintaru Street, informed the municipality.

Bank of Latvia: price competitiveness benefits from dropping producer prices

In November 2011 versus October 2011, industrial producer prices dropped 0.5%, partly at the expense of exported production, Daina Paula, Bank of Latvia economist comments on the latest data released by the Central Statistical Bureau.

Estonia to raise minimum wages

From January 2012 onwards, minimum wages in Estonia are to be raised up to 290 EUR per month. This will bring 2.95 million EUR to the government budget in tax revenue.

Economist: Estonia only benefits from entering Euro zone

«Estonia gains benefits from the fact that after entering the Euro zone, it became a more secure country for foreign investors», claims economy professor of the University of Tartu Urmas Varblane.

FM: tax revenues grow also in last months of the year

According to the official information of the Treasury, combined budget deficit in November this year was 85.7 million lats, and in eleven months it has increased until 167.0 million lats in total, with expenditure (4 814.9 million lats) exceeding revenue (6 647.9 million lats).

Less people expect real estate price gains

Despite December 2011 SEB Housing Price Index accounts for 11 points less than a year earlier, it is already the 21st straight month with the share of people expecting household price gains exceeding that of respondents who forecast drops.

Brent price rises together with improvement of sentiment in world economics

Prices of Brent crude oil have exceeded 107 US dollars per barrel, experiencing growth third day in turn. Such increase can be explained by the stabilization of demand from the biggest oil consumer – United States.

Lithuania adopts 2012 budget plan

On the 20th of December late in the evening, Lithuanian parliament adopted the 2012 state and municipal budget, which barely exceeds this year’s budget. Deputies approved of the coalition’s agreements which would allow to decrease the deficit, which suddenly increased by 1 billion LTL (204 million LVL).

SEB: crisis will go on

Japan to spend 30 trillion Yen for support of the national currency

Japanese government has decided to enlarge amount of the currency intervention fund by 30 trillion Yen. Thus, the total amount for support of the national currency has reached 195 trillion Yen.

RVR co-owner: failure of the project will cause losses of hundreds of millions

Failing to realize the new train project, state will lose several hundred million lats, today in interview to Latvijas Radio said the co-owner of JSC Rigas Vagonbuves rupnica Aivars Locmelis.

Belarus keeps fighting for oil

The Belorussian company Polocktransņeftj Družba is set to keep fighting for its ownership rights to oil worth 50-60 million lats.

Lipmans: Grindeks to grow at least 10% in 2012

Latvian medicines manufacturer Grindeks is planning to finish 2011 with a 10% climb, whereas no less than 10% growth is acceptable for 2012, says Grindeks Chairman Kirovs Lipmans.