Economics
PM Meets Representatives of Finnish Energy Company to Discuss Investment Projects
By admin at 23 April, 2012, 4:13 pm
On Friday, April 20, Prime Minister Valdis Dombrovskis met representatives of the Finish energy company Fortum to discuss current investment projects of the company and their impact on the Latvian economy. Fortum is indicative of the presence of the Nordic countries’ investors and entry in the energy sector of Latvia, believes the Prime Minister. The [...]
Read More >>Latvian Tourism Board: Number of Tourists in Latvia to Keep Growing in 2012
By admin at 23 April, 2012, 4:12 pm
The number of tourists coming to Latvia will also keep growing this year, said Armands Slokenbergs, Director of the National Agency for Tourism Development (TAVA). He said that there are several trends suggesting that the number of tourists will grow. “First, these are hotel bookings, interest we see in tourism fairs, deals signed with tourism [...]
Read More >>Prime Minister: More Rapid Growth is Expected in Latvia than in Southern Europe
By admin at 23 April, 2012, 4:10 pm
On April 19, at the conference Financial Crisis in Latvia: Analysis. Lessons, Recommendations, organized by the Association of Economists 2010, Prime Minister Valdis Dombrovskis emphasized that in the coming years more rapid growth is expected in Latvia than in Southern Europe. In his lecture, Prime Minister Dombrovskis analyzed the progress of the financial crisis, the [...]
Read More >>Annual Inflation Continues to Drop
By admin at 17 April, 2012, 5:26 pm
By Daina Paula, Bank of Latvia economist. Published on Macroeconomics.lv. The 0.6% month-on-month rise in consumer prices in March 2012 was primarily the result of seasonal factors, oil prices and, in part, the clamour in the food market. The seasonal impact was pronounced in the prices of the wearing apparel and footwear, which, compared to [...]
Read More >>Foreign Affairs Committee Chairman: Saeima Can Help Shape Foreign Policy
By admin at 17 April, 2012, 5:25 pm
Ojārs Kalniņš, Chairman of the Foreign Affairs Committee of the Saeima, when asked to evaluate the work of his Committee during the winter session of the parliament, affirmed that members of the Saeima can influence foreign policy through interparliamentary contacts, as attested by success in defending Latvia’s interests with regard to the European Union’s (EU) [...]
Read More >>PM: Unemployment Rate in Latvia to Drop to One-Digit Figure in Summer
By admin at 11 April, 2012, 5:16 pm
Latvian Prime Minister Valdis Dombrovskis believes that unemployment rate in Latvia will drop to one-digit figure already this summer. “I believe that in the summer we will reach an unemployment level of one-digit figure,” Dombrovskis told the press after his meeting with Latvian President Andris Bērziņš on Wednesday. He also said that Latvian residents are [...]
Read More >>Number of Foreign Tourists Visiting Latvia in 2011 Grows 10%
By admin at 11 April, 2012, 5:15 pm
Foreign travelers visiting Latvia crossed the state border 5.538 million times in 2011, which is a growth by 10 percent from 2010, the national statistics office reported. The statistics office said that the number of foreign tourists has risen thanks to the marketing activities of the tourism sector. Most of the foreigners visiting Latvia in [...]
Read More >>Latvian Budget Shows EUR 19.7 Million Surplus in Jan-Feb
By admin at 3 April, 2012, 10:06 am
During the first two months of 2012, the Latvian general government consolidated budget accumulated a 13.9 million lats (EUR 19.7 million) surplus, BNS was told at the Finance Ministry. During the first two months of this year, revenue in the general government consolidated budget reached 831.2 million lats, while expenditure totaled 817.3 million lats, resulting [...]
Read More >>Latvian Retail Sales in Jan-Feb Rise 12.6% Year-On-Year
By admin at 3 April, 2012, 10:05 am
In January-February 2012, Latvian retail companies raised their sales by 12.6 percent from the same period last year in constant prices based in the calendar-adjusted data, the national statistics office reported. In the first two months of this year food retailers saw their sales rise 4.4 percent against the same period in 2011, while sales [...]
Read More >>Latvian Producer Prices in January Grow 7.1% Y-O-Y
By admin at 27 February, 2012, 10:58 am
In January 2012, Latvian producer prices grew 7.1 percent from January 2011, announced the National Statistics Office, the Baltic News Service reported. According to the Rīga-based newswire, the producer prices for goods sold on the domestic market in January 2012 rose 9.4 percent year-on-year while the producer prices for export goods grew 4.1 percent. Producer [...]
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