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Wednesday 24.04.2019 | Name days: Nameda, Visvaldis, Ritvaldis

Ameriks: Slesers should take a break in politics

«We have previously discussed with Ainars Slesers this topic – whether you are a full-time politician or find another job. I also told him that it would be appropriate to take a break from politics,» reveals Riga Vice Mayor Andris Ameriks.

Swedbank: Greece default would undermine European banking sector stability

The recent events in Greece and the euro zone once again show that the political decisions, even in a such a small country like Greece, can significantly affect the economic development throughout the European Union. This time, unfortunately, the impact is negative, indicates Swedbank economist Lija Strasuna.

Prime Minister to negotiate budget consolidation with international lenders

On Thursday, November 3, the Prime Minister Valdis Dombrovskis is to meet with the representatives of the International Monetary Fund and the European Commission review mission. The most important task in the negotiations will be to reach an agreement on the 2012 state budget.

SAF Tehnika gets in TOP 3 of Baltic companies

This year, the wireless data transmission equipment manufacturer SAF Tehnika has been recognized in the region excellence rating as the third best Latvian company listed on NASDAQ OMX Baltic stock exchange.

Steinbuka: Latvia’s results are outstanding!

In 2008, the Latvian government turned to international lenders due to the worsening situation in budget deficit financing. It was very difficult for Latvia to borrow on international markets when the economic crisis struck. It was even impossible to do so at reasonable interest rates. Now we can evaluate the outcome, says Inna Steinbuka.

Cabinet of Ministers approves budget base expenditure for next three years

The Cabinet of Ministers has approved the specified state budget base expenditure for 2012/ 14, on the basis of which government spending cuts will be carried out and the maximum allowable central government expenditure estimated as a whole and separately for each ministry.

Latvian economic growth rates reduced

The Latvian economic growth forecast for 2012 is based on conservative assumptions on the external development and the GDP growth is projected at 2.5%. While the Finance Ministry’s 2011 macroeconomic scenario, drafted in September, predicted growth of 4.5%.

Oil falls for fourth day in a row amid Greek crisis

Brent crude dropped for the fourth straight day on Wednesday, November 2, the longest losing streak since September 2011.

Titavs: allowing fools to play with Latvia is dangerous and costly

It is very dangerous and costly to allow fools, who have many initiatives, to play with the country, says Dans Titavs, board member at the Latvian Exporters and Investors Club, when commenting on the political situation in Latvia after the ex-President Valdis Zatlers’ order No. 2.

Richter: European Union close to collapse

Given that the European Union is close to a collapse, Europe needs to show solidarity, says Frank-Jürgen Richter, Chairman of Horasis: The Global Visions Community, an independent international organization committed to enacting visions for a sustainable future.

8.7 million lats granted from state budget for euro introduction

The government has agreed to allocate additional base expenditure of 8.7 million lats for the introduction of the single European currency in Latvia in 2013 and 2014, thus backing the Finance Ministry’s proposal to clarify and increase the state budget base expenditure of long-term obligations.

Economy Ministry: Latvian economic growth in H1 – one of fastest in EU

In the first half (H1) of 2011, the Latvian economy reported one of the highest growth rates in the European Union (EU). Since the economic low point in late 2009, the gross domestic product (GDP) has grown by 7.5% and exceeded by 4.6% the level of 2010 H1, according to the Economy Ministry data.