International Internet Magazine. Baltic States news & analytics
Wednesday, 03.09.2014, 05:12
Data compiled by the Central Statistical Bureau of Latvia show that, in 2013 renewable energy sources (RES) in Latvia comprised 68 gigajoules. In comparison with 2012 RES consumption fell by 2.5%.
Keyword tags: Analytics, Energy, Latvia, Markets and Companies
By 2020, the number of persons employed will increase by 50,000, whereas the unemployment level will slip to 6.4%, according to the informative report on medium and long-term prognoses for the labor market by the Latvian Ministry of Economy (ME), cites LETA/Nozare.lv.
Producer prices in Latvia increased by 0.4% in July 2014 from June, which was the third highest increase among the European Union member states for which data are available. The highest month-on-month increases in producer prices were recorded in Estonia – 1.7%, and Cyprus – 1.1% reports LETA, referring to the EU statistical office Eurostat.
Today, the government of Latvia approved the European Union's (EU) Structural and Investment Funds for growth and jobs in 2014-2020, outlining the Cohesion Fund priorities, goals, and the attainable results, reports LETA.
The total consolidated revenue of Agrowill Group, AB for the six months of 2014 was LTL 41.891 million (EUR 12.132 million). For the six months of 2013 the total consolidated revenue of Agrowill Group, AB was LTL 18.618 million (EUR 5.262 million), reported LETA/ELTA the company.
It will be impossible for creditors to retrieve the entire amount of money they lent to the now-defunct Liepajas metalurgs, President Andris Berzins told Latvian State Television this morning, informs LETA.
The Embassy of Latvia has started work in Abu Dhabi, the capital of the United Arab Emirates (UAE) with Head of Mission, Chargé d’Affaires a.i., Rūdolfs Brēmanis. The Latvian Embassy will temporarily be located in the premises of the Danish Embassy, informs Latvia MFA.
The second China-Central and Eastern European Countries (CEEC) Local Leaders' Meeting concluded here on Friday, with a Chinese delegation headed by Vice Premier Zhang Gaoli having had comprehensive exchanges with leaders and delegates from the 16 countries in the region, reports BC Chinese Embassy in Riga.
In order to increase the efficiency of its production process, Finnish bakery Fazer plans to invest EUR 5 million into its subsidiary in Latvia by establishing a new plant in Ogre. At the same time, the Group plans to implement various changes in its production process in the entire Baltic region by moving its production facilities from Tallinn to Latvia and Lithuania, Managing Director at Fazer Bakery Baltic Petri Kujala informed the business portal Nozare.lv, cites LETA.
A young fashion designer from Latvia Alise Aleksandra is proud to present the new collection inspired by the architecture and nature. The designer is planning to base the label both in Latvia and London, UK, reports Alise Aleksandra Pavara.
According to the State Food and Veterinary service, a new, already sixth, case of African swine fever (ASF) has been confirmed in a village in Ignalina District, Naujasis Daugeliskis Parish in Lithuania, reports LETA/ELTA.
China's economy is facing multiple domestic and international challenges despite its steady performance in the past seven months of 2014, said a senior economic official in Beijing on Wednesday.
According to Statistics Estonia, in July 2014 compared to July of the previous year, the retail sales of goods of retail trade enterprises increased 10% at constant prices. Retail sales increased by 4% in May and 7% in June compared to the corresponding month of the previous year, whereas in July the retail sales growth accelerated even more.
The retail turnover (including VAT) of the Apranga Group, a group of apparel retail companies, amounted to LTL 67.8 million (EUR 19.6 million) in August 2014, and has increased 15.0% in comparison to August 2013. This is a record monthly turnover of Apranga Group in history, informed LETA/ELTA the company.
AB Snaige, engaged in manufacture and sales of refrigerators and freezers, achieved an EBITDA of LTL 3.3 million (EUR 955 thousand) as in the first half of 2014 despite LTL 74.4 million (EUR 21.5 million) turnover (according to unaudited consolidated financial results) caused by the dramatic events in Ukraine, informs LETA/ELTA.