Stock prices on the US and European stock exchanges mostly fell on Monday, as fears of a recession created instability in financial markets. The British pound fell to record lows against the US dollar on those concerns, and oil prices also fell. Wall Street’s Dow Jones Industrial Average and Standard & Poor’s 500 fell by … Read more
It is better to measure seven times and then cut, otherwise the consequences of superficial actions can mean the beginning of the end of important areas of the national economy and they will have to be created literally from scratch or by attracting foreign capital, while the country will suffer hundreds of millions of euros … Read more
On March 22, the management of the US FRS once again raised the base interest rate of the US dollar. The new base interest rate corridor is 4.75% – 5.00% (charts often show the upper mark of the corridor). For the first time since September 2007, the upper limit of the dollar base interest rate … Read more
The Latvian Information and Communication Technology Association (LIKTA) has agreed on cooperation with “Microsoft” in the amount of 90,000 US dollars, which allows continuing the education and qualification improvement program “Virtual practices in the Baltics” in 2023 as well, informed LIKTA president Professor Signe Bāliņa. This will be the third round of the “Virtual internships … Read more
The upcoming office building complex “Elemental Business Center” in the Skanste district has signed an office lease agreement with the information technology company group “Dyninno Group”, which owns several companies in Latvia, including the shared services center SIA “DYNATECH” and the travel consulting company SIA “Innovative Travel Solutions” ( ITS). The cooperation agreement stipulates that … Read more
Stock prices on the US and European stock exchanges mostly fell on Monday, as fears of a recession created instability in financial markets. The British pound fell to record lows against the US dollar on those concerns, and oil prices also fell. Wall Street’s Dow Jones Industrial Average and Standard & Poor’s 500 fell by … Read more
The milk processing company “Food Union” has invested 90,000 euros in the development of its most functional brand “Lakto”, creating a new product category – the line of fermented milk products “Lakto Imuno” without lactose. The recipe for the new lactose-free fermented milk product “Lakto Imuno” was developed by the leading food technologists of the … Read more
Last week, the world was shocked by the news about the insolvency of the US bank “Silicon Valley Bank”. In one day, customers withdrew $42 billion from the bank and the regulator had to suspend the bank’s operations. At the same time, another US bank – “Signature Bank” – experienced a crash. Although new details … Read more
The turnover of the bakery SIA “Fazer Latvija” increased by 19% last year and reached 32 million euros, the company informs. Anne Mere, manager of “Fazer Bakery Baltic”, the representative company of “Fazer Latvija”, admits that since the variable costs of raw materials, transportation, production, energy and labor affect the price of the final product … Read more
The increase of the minimum wage from next year will contribute to the acceleration of the growth of gross wages, as well as the recovery of the purchasing power of wages, starting from the second half of 2023, banking analysts predicted. Bank of Latvia economist Andrejs Migunovs believes that, although inflation remains at a high … Read more