International Internet Magazine. Baltic States news & analytics
Wednesday, 26.10.2016, 10:30
Several years ago "economics guru" could argue that economic growth is hindered by "expensive money". Nowadays, with historically low interest rates and Latvian commercial banks literally rolling in money (having 3 billion euro on corresponding accounts with Latvijas Banka), the economic growth is indeed weak. Despite the fact that politicians have been mentioning the word "reforms" for years and the need to address bottlenecks in crucial sectors is obvious to everyone, little is being done in reality, and the majority of true reforms die out because of red tape.
Keyword tags: Analytics, Banks, Budget, Education and Science, Financial Services, Latvia, Medicine, Statistics
Preliminary consolidated results of Latvia's Olainfarm pharmaceutical company for September 2016 show that sales of the company were EUR 8.21 mln, which represents a 2% increase compared to the same period of 2015, according to the information submitted to the Nasdaq Riga stock exchange.
Lithuania's Health Minister Juras Pozela passed away in the Santariskes Clinic in Vilnius in early hours of Sunday, Algirdas Sysas, the head of the Social Democratic Party's election bureau, confirmed to LETA/BNS.
The NASDAQ-listed pharmaceutical company Teligent that opened a laboratory costing almost a million euros in Tallinn last week will focus on analytical chemistry in the initial phase but has set its sights also on conducting product development for various generic drugs here in the future, informed LETA/BNS.
The head of the Latvian Health and Social Care Workers' Trade Union (LVSADA) Valdis Keris does not exclude the possibility of more protests when the parliament reviews next year’s budget, reports LETA.