Riga

Latvian government plans cuts to keep budget surplus

Lativ Bank logoRiga- The Latvian government plans to cut spending by 263

Latvian premier backs horse guard idea

Ivars GodmanisRiga  - Latvian Prime Minister Ivars Godmanis appeared Tuesday to back a controversial plan by his defence minister to buy 25 horses for an honour guard to welcome visiting dignitaries.

"I cannot agree it is a waste of money," Goodmanis said of the horse project that would cost 120,000 lats (250,000 dollars) from a defence budget of 304 million lats, plus
70,000 lats annual upkeep.

The horse guard would revive a tradition and could also be used in sporting events such as the modern pentathlon, said the premier, who originally questioned the idea.

Baltic economies slow as prices rise

Riga - Latvia's annual inflation rate reached 17.9 per cent in May, up from 17.5 per cent in April, as the Baltic nation's economy slows down, the Central Statistical Bureau said Monday.

Latvian parliament rejects changes to constitution, forcing a poll

Riga  - The Latvian parliament on Thursday rejected constitutional amendments, giving voters a right to call for snap elections, forcing the small Baltic EU nation to hold a referendum on the issue

Gazprom supply squeeze on Ukraine, Belarus was 'no ill will'

GazapromRiga  - Russian gas supplier Gazprom on Tuesday cited a lack of democratic structures, politica

'Tis the season to test tolerance in eastern Europe

Riga - As cold European air gives way to a warmer front, the season of eastern European gay pride parades is at hand to remind authorities of tolerance toward sexual minorities.

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