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Economics Deflation afflicts services in LatviaConsumer prices tumbled by a further 1.4 percent in June, year-on-year, exacerbated by a clear fall in the cost of services. Economy Ministry raises 2011 growth forecastThe Latvian Ministry of Economy has raised the GDP growth forecast for 2011 from 2.5 percent to 3 percent. Latvia still under pressureThe government of Latvia will be under pressure to cut budget costs for the forseeable future. Direct train service between Baltics and WarsawA precursor to what many in the Baltic countries hope will be a high-speed rail link between Berlin and the Baltics has been mentioned in Tallinn. Positive changes in the Baltic economiesAdding to the chorus of voices that have been chanting the Baltic countries’ imminent recovery, the deputy governor of the Swedish central bank the Riksbank has stated that the three economies are quickly regaining competitiveness. EUR 71 million to be invested in Ventspils portThree large-scale projects will be implemented at the Port of Ventspils Recovery positionThe just-released 2010 edition of “Baltic Rim Economies: By Country”, one of a series of regular reports on the economic health of the region prepared by the bank DnB NORD, examines the current situation in Latvia and Lithuania as they cope with the aftermath of the global crisis. Here we present some of the highlights of the report. Reval Hotels changes operatorThe worldwide company Rezidor Hotel Group will now be managing the Reval hotels. Latvijas balzams as strong as everKārlis Andersons, chairman of the board of Latvijas Balzams, to find out about the latest trends in the market. Politics Immigration Law altered for residency permitsIn a second review of the final reading of amendments to the Immigration Law,read more » Zatlers returns amendments to Immigration Law to Saeima for second reviewPresident Valdis Zatlers has returned the previously approved amendments to the Immigration Law to the Saeima for a second review.read more » Latvia's foreign trade deficit in January at LVL 76.8 millionLatvia's foreign trade deficit in January at LVL 76.8 millionread more » Political alliance Unity officially foundedA new political alliance titled Unity was officially founded; the new alliance is made up of the political parties New Era, Civic Union and Society for Different Politics.read more » |
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