Nov 04, 2009 - Report claiming Latvia lacks savings’culture flawe...RIGA - Research conducted by GFK Custom Research and commanded by GE Money Bank reveal that 44 percent of Latvians are unable ‘to give up spending in favor of their financial stability,’ a press release on the bank’s Web site reads. This inability to save is attributed to an inability to give something up – 22 percent of respondents mentioned a lack of self-discipline in this regard and 17 percent...
Oct 28, 2009 - On the dole: Latvians work on the unemployment blu...RIGA - Adversity sometimes brings out the best in people – and these are far from easy times in Latvia. The can-do spirit is epitomized by Signe Senfelde, a journalist who found a creative solution to being out of work.
Senfelde was the editor of Labu apetiti (Bon Appetite), a popular gourmet magazine, until the publisher closed it down in January in a round of cost cutting and she found hersel...
Oct 21, 2009 - Questions arise over Kalvitis’ visit in Moscow...RIGA - European Parliament member Inese Vaidere (Civic Union), commenting on the recent meeting between former Latvian Prime Minister Aigars Kalvitis and Russian Prime Minister Vladimir Putin, sees similarities between Kalvitis and former German Chancellor Gerhard Schroeder, who was appointed as the head of the Russian gas-pipeline project Nord Stream after he was defeated in the 2005 German feder...
Oct 21, 2009 - Economy Ministry’s recovery plan offers no immedia...RIGA - The Economy Ministry has developed a medium-term economic recovery plan that will serve as an addendum to the Latvian economic stabilization and growth recovery plan, reports news agency LETA. The medium-term plan suggests that, in the medium term, government work should principally focus on providing purposeful and targeted state support, and on promoting development of a competitive busin...
Oct 14, 2009 - Draft budget meets lender’s demands for deficit cu...RIGA - Facing strong international pressure, Prime Minister Valdis Dombrovskis’ New Era party has announced that “Latvia must honor its obligations to the international lenders, including the 500 million lats’ (714 million euros) budget cuts [it agreed to] next year,” reports news agency LETA. The posting adds that “This can be done without reducing pensions or increasing value-added tax.”
New E...