Archive for January, 2012
Latvia Raises Exports of Forestry Products in Jan-Nov 2011 by 16.8% Year-On-Year
By Latvia Today at 25 January, 2012, 4:54 pm
During the first eleven months of last year, Latvia exported 1.089 billion lats (EUR 1.54 billion) worth of forestry industry products at a 16.8 percent rise year-on-year, announced the Latvian Agriculture Ministry, the Baltic News Service reported. According to the Rīga-based newswire, exports of timber and timber products reached 947.877 million lats (EUR 1.345 billion) [...]
Read More >>State Employment Agency: 93,600 Jobless People Found Jobs in 2011
By Latvia Today at 25 January, 2012, 4:53 pm
93,600 jobless people last year found jobs, announced the State Employment Agency (NVA), the Baltic News Service reported. According to State Revenue Service (VID) data, cited by BNS, in 2011 as many as 93,600 unemployed people registered with NVA found permanent jobs, including 73,235 people or 78 percent found jobs after participation in NVA activities. [...]
Read More >>Latvian Constitutional Court Gives Green Light to Language Referendum
By Latvia Today at 25 January, 2012, 4:51 pm
On January 20, the Latvian Constitutional Court decided against suspending a referendum on the proposal to make Russian a second state language in Latvia, the Baltic News Service reported. According to the Rīga-based newswire, the referendum will thus take place on February 18, 2012, as planned, Constitutional Court chairman Gunārs Kūtris said following the hearing. [...]
Read More >>Latvia, Czech Republic to Defend Mutual Interests Regarding EU Multi-Annual Budget
By Latvia Today at 25 January, 2012, 4:49 pm
On Wednesday, January 18, in conversation with the new ambassador of the Czech Republic to Latvia, Pavol Šepelák, Prime Minister Valdis Dombrovskis emphasized the need to strengthen fiscal discipline in order to stabilize the euro zone. The prime minister and the ambassador also agreed on readiness of the two countries to cooperate to defend common [...]
Read More >>Bank of Latvia: Inflation in Latvia in 2011 was a Result of Taxes and Global Prices
By Latvia Today at 18 January, 2012, 10:54 am
The average consumer price level in December of 2011 remained unchanged, whereas the annual inflation, i.e. consumer price levels compared to December 2010, dropped to 4.0%, reported Bank of Latvia economist Daina Paula. Writing for the website Macroeconomics.lv, Paula noted that the main contributor was the diminished impact of the prices of fuel and unprocessed [...]
Read More >>Bank of Latvia: Unemployment Drop to Halve This Year
By Latvia Today at 18 January, 2012, 10:52 am
Registered unemployment rate has stabilized since mid-October, and at the end of 2011 was 11.5% of economically active population, reported Bank of Latvia economist Oļegs Krasnopjorovs. Writing for the website Macroeconomics.lv, Krasnopjorovs observed, “It is expected that during the remaining winter months the level of registered unemployment could rise slightly – 0.1–0.2 percentage points a [...]
Read More >>Latvian President, EU Transport Commissioner Discuss Infrastructure Projects
By Latvia Today at 18 January, 2012, 10:50 am
Latvian President Andris Bērziņš met with the European Union’s transport commissioner, Siim Kallas, today, to discuss major regional transport infrastructure projects, as well as issues related to the European Union’s multiyear financial framework for the period between 2014 and 2020. President Bērziņš confirmed that Latvia is interested in and supports Rail Baltica and other transport [...]
Read More >>Parliament Approves New Head of Latvian Banking Regulator
By Latvia Today at 18 January, 2012, 10:49 am
On January 12, the Latvian parliament approved Kristaps Zakulis as the new head of the Latvian banking regulator, the Finance and Capital Market Commission (FKTK), the Baltic News Service reported. According to the Riga-based newswire, the decision was made with 73 votes to three, with 17 abstentions. BNS reported that Vjačeslavs Dombrovskis from ruling centrist [...]
Read More >>New Italian Ambassador Makes Introductory Visit to MFA Secretary of State
By Latvia Today at 18 January, 2012, 10:47 am
On January 11, the Secretary of State of the Ministry of Foreign Affairs, Andris Teikmanis, met with the new Ambassador of Italy to Latvia, Giovanni Polizzi. Both parties spoke highly of bilateral cooperation. The Secretary of State noted that Latvia was interested in enhancing cooperation with Italy, notably in view of Latvia’s Presidency of the [...]
Read More >>Several Presidents to Make Official Visits to Latvia Next Year
By Latvia Today at 4 January, 2012, 10:52 am
The presidents of Estonia, Macedonia, Croatia, and Georgia plan to make state and official visit to Latvia, announced Latvian President Andris Bērziņš’s spokeswoman Līga Krapāne, the Baltic News Service reported. “Next year the president will have many activities in foreign relations. The presidents of Estonia, Macedonia, Croatia and Georgia are expected to make state and [...]
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