Date: 16.02.2017.

International Internet Magazine. Baltic States news & analytics Monday, 26.06.2017, 13:35

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Annual inflation rate approximates 3%

Annual inflation rate approximates 3%

16.02.2017

The annual inflation in January continued to climb rapidly – consumer prices rose by 2.9% year-on-year. Within five months, inflation, starting at zero, reached an impressive level. There is no reason to expect similarly fast inflation rise during the next few months. All this year, however, inflation will remain close to 3%.

Keyword tags: Analytics, Banks, Direct Speech, Inflation, Latvia



Iranian oil might be delivered through Ventspils port

Iranian oil might be delivered through Ventspils port

16.02.2017

Belarus for the first time has purchased a batch of oil from Iran, and possibly it might be delivered via Latvia’s Ventspils port, Reuters learned from unofficial sources, writes LETA.

Joona Saluveer picked for new CEO of Eesti Post

Joona Saluveer picked for new CEO of Eesti Post

16.02.2017

The supervisory board of Eesti Post, the Estonian postal services and logistics company operating under the Omniva brand, elected on Thursday Joona Saluveer the next chief executive of the company, reports LETA/BNS.


9% increase in tax revenue from excise-duty for oil products 2016 in Latviar

9% increase in tax revenue from excise-duty for oil products 2016 in Latviar

16.02.2017

EUR 465.75 mln in excise-duty from oil products sold in Latvia was collected last year, which is by EUR 37.43 mln or nine percent more than the previous year, according to information from the State Revenue Service writes LETA.

US not ready 'right now' for military collaboration with Russia: Mattis

US not ready 'right now' for military collaboration with Russia: Mattis

16.02.2017

The United States is not yet ready to cooperate militarily with Russia, Pentagon chief James Mattis said Thursday after Moscow's defense minister called for better ties, writes LETA accorging AFP information.


16.02.2017

New Lindstrom workwear plant in Latvia to employ 120 people by year end

The new Lindstrom workwear plant in Latvia’s central Tukums town currently employs 100 people, but by the end of the year the number of employees will be increased to 120, Lindstrom group president and CEO Juha Laurio told LETA.

16.02.2017

Moody’s affirms credit rating of Latvia’s Latvenergo power utility at Baa2

International credit rating agency Moody's has once again affirmed the credit rating of Latvia’s Latvenergo power utility at Baa2, with a stable outlook, the company said in its statement to the Nasdaq Riga stock exchange.

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