Business Daily Roundup: airBaltic Parts with Two Planes, IMF Cuts Forecast
On July 8, key business events in Latvia and globally: airBaltic says goodbye to two aircraft, the IMF lowers its global economic growth forecast, and Latvian companies fail to meet hygiene standards.
Wednesday, July 8, saw several significant developments in the business world both in Latvia and internationally.
airBaltic announced it would part with two aircraft, with company representatives explaining the reasons behind the decision. Meanwhile, a Latvian company is developing autonomous underwater systems together with a French firm.
Consumer prices have changed over the past year, though the exact magnitude was not disclosed. Updates were also reported on the performance of the company 'Lido'. A new platform has been created to foster cooperation between entrepreneurs in Latvia and the United Kingdom.
Old train carriages are being sold, and 17 gas stations have changed ownership. A new over-the-counter medication for short-term pain relief has entered the market.
On the international stage, the IMF on Wednesday lowered its global economic growth forecasts for this year. The European General Court rejected Apple's appeal, while Nvidia experienced a sharp decline.
In Latvia, the state-owned railway company 'Latvijas dzelzceļš' will receive funding to ensure financial balance. At the same time, companies have been found lacking in compliance with hygiene requirements.
