Energy minister says Russia outpaces its February schedule of oil production cutBusiness & Economy February 20, 23:02
Russian UN envoy Vitaly Churkin’s death is big loss for Russia, premier saysRussian Politics & Diplomacy February 20, 22:52
Colleagues mourn Russia's ambassador to UN as 'diplomatic giant and wonderful character'World February 20, 21:58
Putin offers condolences over UN Ambassador Vitaly Churkin’s deathRussian Politics & Diplomacy February 20, 21:21
Russia’s Foreign Ministry lost outstanding diplomat — spokeswoman on UN envoy’s deathRussian Politics & Diplomacy February 20, 20:54
Russia's ambassador to UN Vitaly Churkin diesRussian Politics & Diplomacy February 20, 20:24
Antimonopoly service orders Apple to open official service center in Russia by May 1Business & Economy February 20, 20:18
Russian experts made no firm conclusions on resumption of flights to Egypt in near futureBusiness & Economy February 20, 20:03
Foreign Ministry elaborates draft presidential decree toughening North Korea sanctionsRussian Politics & Diplomacy February 20, 19:56
RIGA, January 11 (Itar-Tass) - Latvian Consumer Rights Protection Centre has faced an avalanche of complaints about price growth after the country officially joined the eurozone on January 1, thus becoming the currency union’s 18th member. In the first week of the year alone the Centre received 425 complaints.The press office reported Friday 40 percent of dissatisfied citizens pointed to price growth after the currency switch, another 25 percent - about false conversion and other violations. Some complained about dishonest distributors refusing to take lati in large denominations and euro banknotes and change. The Center is now planning about 30,000 inspections to check the transparency of the conversion process.
According to the latest price monitoring, prices for most goods and services (96.2 percent) remained unchanged as of late December. Price growth was recorded in 2.3 percent of cases, decline - in 1.6 percent.
From October 1, 2013 to June 30, 2014 prices in Latvia are stated in two currencies in accordance with the exchange rate, 0.702804 lati for euro. During two weeks following the country’s accession to the Eurozone, both currencies are used in Latvia, whereas change is given only in euros. Money exchange free of commission will be available within six months after the Eurozone accession, then possible indefinitely but only in the Bank of Latvia.
By the Ministry of the Economy’s estimates, prices may add 0.2-0.3 percent on euro introduction.
Since the start of 2013, Latvia has been monitoring consumer prices for 93 items of goods and services. The monthly monitoring is conducted in 32 retail and service enterprises in Latvia’s major cities.