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Latvian report Latvian report
by Euro Reporter
2011-10-04 07:16:07
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Fuel price with taxes in Latvia third lowest in EU

The retail price for 95-octane fuel in Latvia at the end of September 2011 was EUR 1,231.68 (LVL 865.62) per 1,000 litters, including taxes, which is the third lowest figure in the European Union, according to the European Commission. In Lithuania the retail price for 95-octane fuel at the end of September was EUR 1,357.22 per 1,000 litters, which is the tenth lowest in the EU, while in Estonia it was EUR 1,291 per 1,000 litters, which is the seventh lowest price in the EU. The Commission's data shows the average fuel prices in the EU on September 26. The lowest retail price for 95-octane fuel (including taxes) was registered in Poland – EUR 1,185.64 per 1,000 litters, and Bulgaria – EUR 1,192.76 per 1,000 litters.
 
On the other hand, the highest retail price for 95-octane fuel was registered in Greece – EUR 1,694, the Netherlands – EUR 1,667 and in Denmark – EUR 1,617.69 per 1,000 litters, informs LETA. The average retail price for 95-octane fuel (including taxes) in the EU on September 26 was EUR 1,504.53 and EUR 1,528.05 per 1,000 litters in the eurozone. At the same time, the retail price for diesel, including taxes, in Latvia on September 26 was EUR 1,189.40 per 1,000 litters, which is the fourth lowest figure in the EU. The cheapest diesel was in Poland – EUR 1,166.07, the most expensive – in Great Britain – EUR 1,611.55 per 1,000 litters.
 
In Estonia the retail price for diesel at the end of September was EUR 1,284 per 1,000 litters, which is the tenth lowest in the EU, while in Lithuania it was EUR 1,247.14 per 1,000 litters which are the sixth lowest in the EU. The average retail price for diesel, including taxes, in the EU was EUR 1,374.41 and EUR 1,361.51 per 1,000 litters in the eurozone.

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Latvia seeks facelift for Facebook


Latvia’s face on Facebook is in the process of getting a facelift. And fans of Latvia still have a chance to vote on the new look, according to the Latvian Institute. Up till now, the “official” page for Latvia has been facebook.com/LatvianInstitute. However, given that its stated mission is “promoting knowledge about Latvia,” the page is a bit dull and looks like so many other Facebook sites.

So the institute, which is essentially the public relations and brand marketing arm of the Latvian government, together with the State Chancellery organized a completion that drew interest from a number of designers. After a day of discussion about what the new Facebook page should contain, the designers submitted their concepts. Now five entries are the topic of a poll that so far has drawn more than 1,200 votes. The five designs were submitted by Djigital; the #LVFacebook team of Aleksandrs Borovenskis, Arjan Tupan and Ruben Martinez; the advertising firm Leo Burnett Riga; Digibrand; and the team of Anastasia Zenčika, Jeļena Gaikeviča and Mihails Žuravļovs. Overviews and videos of their concepts are available on the Cabinet of Ministers’ website. Details on what Latvia is looking for in its Facebook page are available in a manifest (PDF, in Latvian).

One challenge for the Latvian Institute is getting Facebook to allow Latvia to use Latvia as its Facebook name. Confused? Right now, no page exists at the address facebook.com/latvia. The Latvian Institute is pushing Facebook to allow this, even offering to help set up guidelines for official “country pages” so that others might draw on Latvia’s experience, says Rihards Kalniņš, public relations specialist for the institute. He wrote about the issue in a recent post on the Latvian Institute’s blog.

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Central bank bought 19.2 million Lati for Euros last week

Latvia’s central bank bought 19.2 million lati ($36 million) for Euros last week, the Riga-based bank said today on its website. Latvia, like neighbouring Lithuania, is a member of the pre- euro exchange-rate mechanism and pegs its currency to the euro. Latvia keeps the exchange rate within a 1 percent band around the target.



      
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