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Bank of Latvia: Inflation in Latvia in 2011 was a Result of Taxes and Global Prices
By admin 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 admin 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 admin 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 admin 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 admin 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 admin 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 [...]
Read More >>Foreigners Invest EUR 175 Million in Latvia in Exchange for Residence Permits in 2011
By admin at 4 January, 2012, 10:50 am
Foreigners this year invested 123 million lats (EUR 175 million) in Latvia in exchange of residence permits, said Citizenship and Migration Affairs Board (PMLP) spokesman Andrejs Rjabcevs, the Baltic News Service reported. According to the Rīga-based newswire, Rjabcevs said that, according to the data of PMLP, 1,956 foreigners have used the possibility to apply for [...]
Read More >>Latvian Political Parties to be Partly Funded from National Budget as of 2012
By admin at 4 January, 2012, 10:48 am
As of 2012, political parties in Latvia will be partly funded from the national budget in line with amendments passed to the law on the financing of political organization, the Baltic News Service reported, citing information from the parliamentary press service. According to the Rīga-based newswire, public funding will be granted to those political parties [...]
Read More >>In New Year’s Day Speech, President Berziņš Calls for Stopping Emigration
By admin at 4 January, 2012, 10:47 am
Addressing the nation on the first day of 2012, Latvian President Andris Berziņš noted the experiments with the Constitution experienced last year, as well as called on politicians to work on stopping emigration, the Baltic News Service reported. According to the Riga-based newswire, the president said that economic shocks, which entail a drop in living [...]
Read More >>In New Year’s Speech, Dombrovskis Underscores Completion of Fiscal Consolidation
By admin at 4 January, 2012, 10:45 am
In his speech on New Year’s Eve, Latvian Prime Minister Valdis Dombrovskis underscored that Latvia has overcome the financial crisis and called on people to take part in the upcoming referendum on the official language in Latvia, the Baltic News Service reported. According to the Riga-based newswire, Dombrovskis said that we have a reason to [...]
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