International Internet Magazine. Baltic States news & analytics
Tuesday, 30.08.2016, 13:50
More than half of Latvia's residents believe that the largest problem in Latvia's schools is the lack of student discipline, the latest Baltic International Bank Barometer survey shows.
Keyword tags: Education and Science, Latvia, Statistics
Valerijs Maligins, the largest shareholder and chairman of the board at pharmaceutical company Olainfarm, wishes to decrease the company's export to Russia down to 20-25% of its turnover. At one point export to Russia was 90% of turnover, but now it is approximately 38%, Maligins said in an interview with the newspaper Diena, cites LETA.
The ruling coalition parties today agreed to increase the salary to the head of the State Revenue Service but the pay rise will be somewhat lower than the initial proposal, reports LETA.
In the first half of 2016 Evolution Gaming, Latvia-based IT and live casino services company, posted EUR 51.9 mln in turnover, which is 54 % more than during the same time period last year, the company informed LETA. Meanwhile, the company's earnings before interest, taxes, depreciation and amortization or EBITDA increased by 51% to EUR 20.9 mln, compared to the same period in 2015, informs LETA.
The annual rate of wage increase has been substantially dropping for a second consecutive month. In the second quarter, the average full-time wage was only 3.3% higher year-on-year. It is twice slower than in 2014 and 2015. We expect that in the next quarters the annual rise in wages will be under 5%.
While the number of insolvencies fell by 13.8% in Latvia and by 9.7% in Estonia last year, in Lithuania their number increased, according to a report released by Coface credit insurer.
NYX Professional Makeup is finally arriving to Latvia with its first ever flagship store to open in October in the city centre of Riga. With the worldwide success of NYX make it is a natural step to enter the Baltic market with the full assortment of the latest trends, BC informs Colliers International representative.