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Economics Ministry: Situation in Latvia’s Labor Market to Keep Improving in H1
By admin at 1 February, 2012, 11:37 am
The situation in Latvia’s labor market will keep improving in the first half of this year, largely due to the positive effects from 2011 extending into 2012, the Economics Ministry said in its latest report on the macroeconomic situation in the country, reported the Baltic News Service. According to the Rīga-based newswire, with the slowdown [...]
Read More >>Total Value of Latvian Exports in 2011 Grew 25 % Y-o-Y to EUR 2.4 Billion in 2011
By admin at 1 February, 2012, 11:36 am
The value of goods exported by Latvia in 2011 reached 1.71 billion lats (EUR 2.43 billion) in what was a 341.8 million lats (EUR 486.34 million), or 25 percent increase, from a year before, according to the Latvian State Revenue Service’s information based on customs declarations, reported the Baltic News Service. According to the Riga-based [...]
Read More >>Japanese Rating Agency R & I Increases Latvia’s Credit Rating by One Grade
By admin at 1 February, 2012, 11:34 am
Contrary to the reduced ratings of other European Union member states, Latvia’s rating has been increased. Japanese ratings agency Rating and Investment Information, Inc. (R&I) has increased Latvia’s foreign currency issuer rating by one grade to BBB- with stable rating outlook. By doing so, R&I returns Latvia’s rating to the investment level. In general, this [...]
Read More >>Rinkēvičs Lists Main Topics for Foreign Policy Debate Next Year
By admin at 1 February, 2012, 11:33 am
Closing the annual foreign policy debate at the Latvian parliament on January 26, Latvian Foreign Minister Edgars Rinkēvičs said that the main subjects to be discussed during the annual debate next year would be Latvia’s preparations for the EU presidency in 2015 and defining of foreign economic interests, the Baltic News Service reported. According to [...]
Read More >>MP: After Coping with Crisis in 2011, Latvia has to Tackle Crisis on European Scale
By admin at 1 February, 2012, 11:32 am
Latvia, which managed to cope with its economic crisis last year, now has to lend a hand to tackle the crisis on the European scale, defending at the same time its own interests in the context of the EU budget and farming subsidies, Ojārs Kalniņš, chairman of the Latvian parliament foreign affairs committee, said during [...]
Read More >>Secretary of State Teikmanis Invites Businesses to Expand Cooperation with Gulf States
By admin at 1 February, 2012, 11:31 am
On January 25, at a round table discussion entitled “Latvia’s Export Opportunities in the Gulf States (the United Arab Emirates, Qatar, and Kuwait),” hosted by the Foreign Ministry, Secretary of State Andris Teikmanis invited businesses to expand cooperation with the Gulf States. Contributing to the discussion were the Ambassador of Latvia to Kuwait, Ilgvars Kļava, [...]
Read More >>Latvia Raises Exports of Forestry Products in Jan-Nov 2011 by 16.8% Year-On-Year
By admin 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 admin 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 admin 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 admin 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 [...]
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