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IMF predicts Latvia to have fastest GDP growth in Eurozone

By Latvia Today at 15 April, 2014, 2:30 pm

Latvian economy could grow from 3.8 to 4 percent this year, which would be the fastest growth among all Eurozone countries, the International Monetary Fund predicts in an upgraded forecast. In 2015, Latvia’s economy could increase 4.4 percent. The data on Latvia, however, are not included in the overall Eurozone forecast yet. According to the [...]

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IMF predicts Latvia to have fastest GDP growth in Eurozone

By Latvia Today at 15 April, 2014, 2:30 pm

Latvian economy could grow from 3.8 to 4 percent this year, which would be the fastest growth among all Eurozone countries, the International Monetary Fund predicts in an upgraded forecast. In 2015, Latvia’s economy could increase 4.4 percent. The data on Latvia, however, are not included in the overall Eurozone forecast yet. According to the [...]

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Riga Airport expects a flights increase by 27%

By Latvia Today at 2 April, 2014, 2:30 pm

Along with the introduction of its summer flight schedule, Riga International Airport will offer its passengers 12 new destinations this summer season increasing flights by 27 percent. “Wizz Air”, the largest low-cost airline in Central and Eastern Europe, will open its Riga base in June. The airline will also launch flights to four new destinations [...]

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Producer prices in industry grow 1% year-on-year

By Latvia Today at 25 March, 2014, 3:00 pm

Compared to January, producer prices in industry rose by 0.1 percent in February 2014 and by 1 percent year-on-year, according to the Central Statistical Bureau. Compared to January, the rise in prices of products sold on the domestic market reduced by 0.3 percent, whereas prices of exported products grew 0.5 percent, including in exports to [...]

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PM Straujuma insists on affordability measures after electricity market is opened

By Latvia Today at 27 February, 2014, 5:36 pm

Prime Minister Laimdota Straujuma told reporters this afternoon that she is insisting on specific solutions for compensatory cash benefits for the needy to counter higher electricity rates after the gas market liberalization on April 1. Straujuma will push for discussions of possible solutions in future government sessions. Straujuma commented in addition that the “the funding [...]

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“Aerodium” to participate in Sochi Olympics closing ceremony with a special show

By Latvia Today at 18 February, 2014, 3:13 pm

“Aerodium”, the Latvian vertical wind tunnel company, will present an unprecedented special effect at the Sochi Winter Olympics Closing Ceremony on February 23, featuring completely new effects. “Aerodium” CEO Ivars Beitains explains that the show at the Olympics’ closing ceremony demonstrates the company’s new line of business besides construction of wind tunnels and aerial shows [...]

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Three Olympic medals for Latvia in Sochi

By Latvia Today at 18 February, 2014, 3:12 pm

As of today, February 17, Latvian athletes have won three Olympic medals: silver in skeleton racing, bronze in luge doubles and another bronze in luge team relay competition. Skeleton racer Martins Dukurs won the Olympic silver medal, while his brother Tomass Dukurs finished fourth in Sochi on February 15. Thus the Dukurs brothers repeated their [...]

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Nelsons and Antoòenko Nominated for “Opera Awards 2014”

By Latvia Today at 18 February, 2014, 3:12 pm

Latvian conductor Andris Nelsons and opera singer Aleksandrs Antoòenko are nominated the world’s “Opera Awards 2014″. The award ceremony will take place in London on April 7. Andris Nelsons, currently the Music Director of the Boston Symphony Orchestra, is nominated for the “Conductor of the Year” award. While tenor Antoòenko, who has performed in the [...]

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Capital of Culture Festivities Continue

By Latvia Today at 18 February, 2014, 3:11 pm

Almost a month ago Rîga officially became one of this year’s European Capitals of Culture with a weekend filled with a multitude of cultural happenings, ranging from the mass participatory Chain of Booklovers action, to performances, shows and even flash mobs at the central market, light and fire sculpture shows on the banks of the [...]

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Latvia concludes first stage in process of accession to OECD

By Latvia Today at 18 February, 2014, 3:11 pm

On February 14 in Paris, Foreign Ministry State Secretary Andrejs Pildegoviès officially presented the Initial Memorandum on Latvia’s accession negotiations to the Deputy Secretary General of the Organisation for Economic Cooperation and Development (OECD), William C. Danvers. The Initial Memorandum constitutes Latvia’s evaluation of the compliance of national legislation currently in force and its application [...]

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Latvian banking sector earns 246.2 million euros in 2013

By Latvia Today at 18 February, 2014, 3:10 pm

Latvian banking sector earned a total of 246.2 million euros in 2013, according to the Financial and Capital Market Commission. The banking sector’s return on equity increased to 8.65 percent by the end of December last year from 5.56 percent at end the end of 2012. Before that, ROE remained negative for three years: minus [...]

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