Wed, 16 May 2012: Inflation remains threat for euro in Latvia…
May 16, 2012 Latvia
Kazaks believes that now is the time to join the eurozone. At the May 10 National Trilateral Cooperation Council session, Dombrovskis warned, in response to business representatives’ doubt...Tags: Bas, Business Representatives, Cooperation Council, Council Session, Doubts, Eurozone, Finance Ministry, Fuel Price Increase, Inflation, Introduction Of The Euro, Juris, Kazaks, Latvia, Maastricht Criteria, Prime Minister, Rsquo, Secondary Priority, Tax Rate Reduction, Trilateral Cooperation
Wed, 2 May 2012: Investment into Latvia drops…
May 2, 2012 Latvia
Decisions that set requirements on investment amounts and targets are a signal to those investors who meet such criteria, that they and their investments are welcome in Latvia.. ...Tags: Decisions, Investment Amounts, Investments, Investors, Latvia, Targets
Thu, 26 Apr 2012: Weak consumption drags on Latvia…
Apr 26, 2012 Latvia
From this point of view, it would be too early to celebrate victory, emphasizes the expert. Commenting on several leading economists’ opinions that Latvia’s expenditure reduction mea...Tags: Budget Expenditures, Collapse, Correct Steps, Devaluation, Economists, Expenditure Reduction, Expert, Failure, Fiscal Policy, Internal Consumption, Latvia, Latvian Government, Point Of View, Political Ideology, Reduction Measures, Rsquo, Victory
Wed, 18 Apr 2012: Basic goods lead Latvian exports…
Apr 18, 2012 Latvia
Latvia’s main export partners were Lithuania (14.8 percent of total export), Estonia (12.9 percent), Russia (10.9 percent), Poland (7.2 percent), and Germany (6.9 percent). The largest sha...Tags: Cis Countries, Countries Of The European Union, European Union, Germany, Import Partners, Latvia, Lead, Lithuania, Poland, Rsquo, Russia
Wed, 18 Apr 2012: Balanced budget on horizon for Latvia…
Apr 18, 2012 Latvia
The Finance Ministry adds that the basic expenditure in the master budget for 2014 is 3.36 billion lats and in 2015, 3.17 billion lats. The Ministry says that budget consolidation measures are n...Tags: Balanced Budget, Budget Deficit, Budget Framework, Budget Preparation, Consolidation, Economic Development, Finance Ministry, Financial Affairs, Gross Domestic Product, Horizon, International Lenders, Lats, Latvia, Master Budget, Measures, Parliament, State Budget Bill
Wed, 18 Apr 2012: Latvia’s development conundrum…
Apr 18, 2012 Latvia
The main goal of the new entity, RVU Baltija, will be the renovation of rail cars in Latvia, creating a number of new jobs in Latgale. Latvijas Dzelzcels CEO Ugis Magone said that a seven-year agr...Tags: Ceo, City Council Representatives, Conundrum, Investment, Land Parcel, Latvia, Magone, Main Goal, New Jobs, Procurement, Rail Cars, Renovation, Ugis, Workstations
Wed, 21 Mar 2012: Lower VAT would cut Latvia’s inflation…
Mar 21, 2012 Latvia
Inflation will have to below the average of the three lowest rates in the European Union plus 1.5 percentage points to qualify for the currency. The central bank forecasts inflation of 2.4 percen...Tags: Applic, Bruegel, Brussels, Currency, Deputy Director, European Union, Inflation, Latvia, Lithuania, Number Of Countries, Percentage Points, Vat Rate
Wed, 14 Mar 2012: Sharp slowdown expected for Latvia…
Mar 14, 2012 Latvia
Accommodation services have witnessed a growth of 23.6 percent, whereas catering services – by 21.5 percent (total share of the sector in the GDP comprises 1.7 percent). In the construction ...Tags: Accommodation Services, Catering Services, Construction Sector, Economic Development, Economist, Fourth Quarter, Gdp, Latvia, Manufacturing Industry, Rsquo, Sharp, Slowdown, Storage, Trade Sector
Wed, 14 Mar 2012: Latvia ready to welcome Ponzi scheme operator…
Mar 14, 2012 Latvia
Mavrodi was convicted of fraud and sent to jail. He returned one year ago to create new Ponzi schemes, this time via the Internet. Mavrodi’s followers have been doing their business underg...Tags: Apartment, Few Days, Followers, Founders, Fraud, Journalists, Latvia, New Association, Organizers, Ponzi Scheme, Ponzi Schemes, Register, Registered Address, Rsquo
Universal charger in Latvia
Mar 9, 2012 Latvia
According to non-official sources inside Elkor company the amazing charging solution will arrive to Latvian market in the nearest future. IDAPT universal chargers are a genius idea for households with ownership of one mobile device or more. This line of compact chargers allow users to charge multiple gadgets simultaneously through a patented system of interchangeable tips that can be swapped around depending on individual needs. Currently available through the company’s website and major retailers such as Amazon and Saks Fifth Avenue, buy universal chargers to help minimize the number of cords present around your household and take care of annoying wire messes. The IDAPT i4 measures 169 x 1635 x 32 mm and has a weight of 300 grams, which makes it an ideal companion for any nightstand or desk. It comes with a dual-voltage cable that allows it to be used anywhere around the globe without presenting major voltage issues. Three charging docks sit on top of its glossy base on which three different devices can be placed. The tips can be exchanged for any of the six included upon purchase according to what the customer might need to charge. To eject the tips, the only thing required is to push both buttons on each side of the dock. After popping the tips out, another tip can be easily inserted to fit our needs. An LED light located in front of each charging slot will let us know once a device has finished charging by changing its color from red to green. Once all your gadgets are juiced, you are given the chance to turn this device completely off by pressing a power button located on the back. There is also a lateral USB outlet to charge a fourth device that might be too bulky to place on the i4’s base or that might simply not have any room. The i4’s functionality and durability makes it a great solution to all our charging needs. Buying these universal chargers should be considered as a great investment for many homes around the world. IDAPT’s great availability of color choices makes charging stations a great addition to any home. Buy yourself a universal charger if you are finally tired of all those tangled and dusty wires around your property. Easily available, they represent an easy and inexpensive purchase for those of us who own more than one mobile device.Tags: Amazon, Docks, Dual Voltage, Durability, Gadgets, Genius Idea, Great Solution, Households, Interchangeable Tips, Latvian Market, Messes, Mobile Device, Mobile Phone Charger, Nightstand, Patented System, Power Button, Saks, Saks Fifth Avenue, Universal Charger, Universal Chargers, Voltage Cable
Wed, 29 Feb 2012: Latvian government approves controversial EU fiscal treaty…
Feb 29, 2012 Latvia
Stability is a precondition for growth. It is ensured by financial markets’ trust, which in turn is gained by prudent economic actions. According to such claims, Greece, which does not obser...Tags: Budget Deficit, Coordination, Czech Republic, Depression, Economic Actions, Economic And Monetary Union, Eu Member States, Financial Markets, Fisc, Fiscal Discipline, Governance, Great Britain, Greece, Gross Domestic Product, Latvian Government, National Debt, Parliament, Precondition
Wed, 22 Feb 2012: Riga Airport fined for discriminatory pricing…
Feb 22, 2012 Latvia
Thus, by applying discriminatory fees, the airline’s actions negatively affected airBaltic competitiveness with Ryanair. “According to leaked documents, it appears that Ryanair was p...Tags: Airbaltic, Airline, Ceo, Competitiveness, December 31, Discriminatory Pricing, Flick, Infrastructure, November 1, Preferential Treatment, Riga Airport, Scandal
Wed, 8 Feb 2012: Borg tells Latvia to not delay euro track…
Feb 8, 2012 Latvia
Borg also emphasized that even after the successful conclusion of the international loan program, Latvia must put forward specific goals and move towards joining the eurozone in two years. Latvia ...Tags: Baltic States, Borg, Conclusion, Do The Right Thing, Economic Crisis, Eurozone, Finance Minister, Implementation, International Loan, Jurgen, Ligi, Loan Program, Move Towards, Prime Minister, Riga, School Of Economics, Stockholm School Of Economics, Swedish Banks, Tallinn, Unity Bank
Thu, 2 Feb 2012: Latvia receives ratings boost…
Feb 2, 2012 Latvia
Therefore it is an important assessment of Latvia’s potential for economic development. Such international credit rating agencies as Fitch Ratings and Moody’s have also assessed the co...Tags: Andris, Credit Rating Agencies, Economic Crisis, Economic Development, Economic Fundamentals, Economic Structures, Finance Minister, Fiscal Consolidation, Fitch Ratings, Latvia, Rsquo, Unity
Thu, 2 Feb 2012: EC stops EU funds flow to Latvia…
Feb 2, 2012 Latvia
It is clear that EU donor states will attempt to reduce their payments, which is not in Latvia’s interest, therefore the country should not provide any reasons for criticism in this area. ...Tags: Aleksa, Attempt, Control, Current System, Deputy State, Donor States, Ec, Euro, European Commission, Finance Ministry, Latvia, Maastricht Criteria, National Currency, Politician, Rsquo, State Secretary, Supervision
Wed, 18 Jan 2012: Latvia’s future in clean economy…
Jan 18, 2012 Latvia
This means there is nothing to be ashamed of - we just have to copy the Scandinavian models. Some may say that this model is a bit dull, which may be true, but at least they are clear. And we cert...Tags: Capitalist Economies, Economy, European Union, Finance Ministries, Latvia, Launch, Monetary Union, Poli, Scandinavian Models
Wed, 18 Jan 2012: Climate of fear rules in Latvia…
Jan 18, 2012 Latvia
Moreover, there is only a 30 or 50 percent chance of implementing this idea. Latvia does not have any institution that could provide assistance to such investors and guide them through the entir...Tags: Ceo, Climate Of Fear, Coca Cola, Euros, Fear Rules, Ikea, Investment, Investors, Latio, Latvia, Motivation, Struggle
Wed, 11 Jan 2012: Latvia set for return to money markets…
Jan 11, 2012 Latvia
We are no longer dependent on the European Commission and the IMF in this regard,” said Kravalis. The registered unemployment level can only be reduced with the help of additional investment...Tags: Budget, Consultations, Discipline, Economic Policy, European Commission, Governments, Imf, International Loan, Investments, Latvia, Loan Program, Money Markets, Occasions, Quota, Regard, Unemployment Level
Thu, 15 Dec 2011: Latvia, Lithuania to join eurozone budget treaty…
Dec 15, 2011 Latvia
Vilks is convinced that the 2012 national budget matches the Baltic region’s vision of next year’s economy. However, it is difficult for Europe’s developed countries to implement...Tags: Agreement States, Austerity Measures, Balanced Budgets, Balanced Compromise, Baltic Region, Budget Deficit, Bulgaria, Denmark, European Union, European Union Member States, Gross Domestic Product, Intergovernmental Treaty, Latvia, Lithuania, National Budget, Rsquo, S Vision, Union Member States, Wages, Western Europe
Wed, 7 Dec 2011: Business Analysis: Latvia’s self-fulfilling prophesy…
Dec 7, 2011 Latvia
He was asking if the news of another Latvian bank failure would affect the Latvian recovery, and its reputation in the UK.I replied that in my opinion, the bank failure would have no effect, and t...Tags: Attitude, Baltic States, Bank Failure, Business Analysis, Economic Development, Eurozone, Governments, Latvia, Lithuania, Recent History, Relative Prosperity, Reputation, Rsquo, Self Fulfilling Prophesy
Thu, 24 Nov 2011: Bank crisis hits Latvia again…
Nov 24, 2011 Latvia
The criminal case was started pursuant to the Criminal Law’s Section 196 Part 2 - use of and exceeding authority in bad faith for purposes of acquiring property. The applicable punishment i...Tags: 100 Million, Acquiring Property, Authorities, Bad Faith, Bank Crisis, Banks, Confiscation, Criminal Case, Criminal Law, Deci, Financial Services, Lats, Latvia, Money, Rsquo
Thu, 24 Nov 2011: Political obstacles to Latvia’s Baltic energy proposal…
Nov 24, 2011 Latvia
These concerns, along with the constraints and desires of outside players Russia and Europe, will continue to stall energy development in the Baltics. Each of the Baltic States has been vying to...Tags: Alternative Energy Source, Baltic States, Baltics, Central Location, Closure, Constraints, Country Profile, Desires, Energy Development, Europe, European Union, Host Country, Lithuania, Lng Import Terminal, Lng Project, Nuclear Plant, Political Obstacles, Proposal, Russia, Russian Natural Gas
Thu, 17 Nov 2011: Latvian dairies to merge…
Nov 17, 2011 Latvia
After that, the necessary documents will be drawn up and presented to the Competition Council. It is planned that Rigas piena kombinats shareholders will have the majority in the merged company, b...Tags: 17 Nov, 5 Million, 6 Million, Competition Council, Dairies, Lats, Losses, Majority Shareholder, Merged Company, Necessary Documents, Nov 2, Piens, Shareholders, Turnover