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Saturday 18.08.2018 | Name days: Liene, Helēna, Elena, Ellena, Liena

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.

Government to raise minimum wage

Next year, the minimum wage in Latvia might be increased to 205 lats, but in 2014 – to 215 lats, according to the Finance Ministry's initial estimates.

State Border Guard does not list a million lats

Within the framework of annual financial audits in the Interior, Defence, Transport and Justice Ministries, Latvia State Audit Office has discovered significant discrepancies to have an impact on these ministries budget performance.

Subsistence level hits 174.22 lats in April

In April 2011, the subsistence level amounted to 174.22 lats in Latvia, according to the Central Statistical Bureau information.

85% of investors expect Greece default, with Portugal and Ireland following

Nearly 85% of investors around the world expect that sooner or later Greece will fail to repay its debt and will be forced to default.

Businessman: hopefully, Microsoft will develop Skype in Estonia

Estonian social web-portal founder Andrei Korobeinik expresses a hope global software giant Microsoft will keep developing Skype in Estonia, as the deal could lead to hundreds of new jobs and help develop the economy.

Analysts: Baltic States economies have peaked

The Baltic States Estonia and Lithuania’s economic growth is likely to slow down, slipping from the first quarter peaks. This will be due to the foreign demand drop causing limited export, which so far was the driving force of countries’ development.

GDP could expand 0.8% in EU

European Union (EU) and eurozone GDP could grow 0.8% in the first quarter if 2011, compared to the previous one, according to Eurostat flash estimate.

Expert: European tourism industry is reviving

The number of Europeans travelling during holidays is growing – last year 68% of the European Union residents went on a trip, while in 2009 – 65%.

Corruption Prevention Bureau employees shocked about Vilks dismissal

Latvia Corruption Prevention and Combating Bureau (CPCB) employees and officials trade union is expressing its disappointment with the dismissal of CPCB's deputy director Alvis Vilks, without coordinating the move with them.

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