Latviski English По-русски
Sunday 22.04.2018 | Name days: Armanda, Armands

Arena Riga: Riga Dinamo own hockey hall is mere Savickis PR move

(+1 rating, 1 votes)

Itera Latvija head Juris Savickis statement on their own hockey hall construction for the needs of Riga Dinamo is a mere PR move to reduce Arena Riga possible price, in case it is bought from the current owner AS Rietumu banka.

Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUArena Riga executive director Edgars Buncis informed the business news portal BNN abotu the economic activities of the hall and the fact it concluded 2010 with slight losses, the amount of which he did not disclose, though.

What has changed in the management or future plans since the new owner AS Rietumu banka bought the hall a year ago?

Nothing has changed from the practical point of view. From the economic perspective, the bank has introduced its view on money management matters and it own vision on the adjacent block development. Arena Riga has always operated as a business during these five years, no matter whether it is owned by Merks or other two private persons. We simply carry out our basic functions without complying with any caprices of the owners.

How can you comment upon the Itera Latvija head and Riga Dinamo board chairman Juris Savickis statement they could build their own hockey arena for the needs of the team. At first you were very critical about that. Have you come to an agreement?

Dinamo and Itera Latvija issue can be subdivided into two distinct aspects. Firstly, if we speak about organizing games, everything is alright. We can really be proud of Arena Riga investment in shaping Dinamo the way it is. Thanks to us, Dinamo is a recognized marketing leader in the continental hockey league. It has not received a single complaint on the rink, security measures, ect. Secondly, it is the political level. Savicksis statements are based on the the fact the hockey club Riga Dinamo needs its own arena, which is actually understandable. However, Riga with 750 up to 800 thousand population would not be able to sustain two such big and multifunctional halls.

Would this boost hockey tickets prices?

Twice as expensive tickets would not solve the financial situation of Riga Dinamo. It would not be possible to manage the hall only with income derived from matches. At some stage they would start competing with us by attracting concerts, that is logical. This would be an unhealthy competition with disproportionally huge investments and overall price drop, leaving both of the galls with nothing. We would simply destroy each other. Moreover, that way they would also have to consider building an additional hall for practices and infrastructure near which it could be located, in order people could access it easily.

Are long-term advertisers and/or sponsors interested in hockey games?

The fact Riga Dinamo closes an agreement with Arena Riga for a year makes it difficult for us to attract sponsors and collaborate with the leading advertisers willing to address people at hockey games. If any interest occurs, it disappears once they find out we still have to extend the contract in June-July.

I believe Juris Savickis statement on building their own hockey hall is a mere PR move to reduce Arena Riga possible price, in case it is bought from the current owner AS Rietumu banka. There is no information such an action is considered at all.

How will you make use of Arena Riga outdoor area?

We are drafting a hockey training hall to facilitate training of both children and adults, residing on this side of Daugava, because the best halls are currently on the other bank of the river – Inbox in Piņķi and Volvo hall in Imanta. It is not easy for many to get there after work. Similarly, also Riga Dinamo practice here would solve many issues of practical nature.

From the perspective of Arena Riga, which one is more profitable – hockey or basketball?

There are little basketball games, they flourished in the season of 2008/2009, when about 4 400 people on average visited every games. We cannot compare this with hockey, because these games have been visited by about 8 000 people for the past three seasons already. I hope hockey will regain its position as the most popular sport in Latvia. Basketball is currently facing some serious challenges.

Which requires more service – a world famous star Kylie Minogue or a local one – Linda Leen?

It is exactly local concerts claiming more organization time from the point of view of Arena, because everything is constructed here. Speaking about famous musicians visiting Latvia, they usually come with very developed mechanisms of how to set up a stage. If they arrive at 7 am, at 2 pm as the latest they hold a rehearsal, the concert is at 8 pm and they are already gone at 3 am. They have made their requirements known some time before already. We do, of course, make more with these concerts, compared to a Dinamo game.

If Congress house is turned into a Riga city concert hall, could this steal the visitors of your concerts?

I believe it would not. Riga needs a concert hall. When AB dam was discussed, the timing did not meet the will of people. However, times change and we will start appreciating classical – high quality music. It is rather expensive. As expensive as pop stars concerts. A concert hall with a small number of seats would boost tickets prices. It is no secret Arena Riga is not actually a concert hall, thus sometimes we cannot meet all the acoustic requirements. If this sector could attract more classical music-oriented concerts, the whole city would benefit. This would boost our image and popularity, because we are not currently considered to be a very solvent audience and a city that a world tour should definitely drop by. The financial crisis hit this sector considerably. It is often that world-famous artists skip the Baltics during their tours.

How do you make up the staff?

Arena Riga makes use of outsourcing services as much as possible. We employ 16 persons, I have managed to maintain the staff unchanged for four years already. Owners change, but Arena Riga keeps moving only forward. We have our own persons on duty overnight. Organizers of various events are responsible for security guards. In our contracts, we ask third party liability insurance from the part of the event organizers. Moreover, we ourselves are also insured.

Have you already calculated 2010 turnover and profit?

We concluded 2010 with 117 various events visited by 580 000 people and slight losses.

Leave a reply

  1. Piter Bull says:

    the more halls the better, but people must consider whether they can afford them

    Thumb up 0 Thumb down 0

  2. Melly says:

    Tuodhcown! That’s a really cool way of putting it!

    Thumb up 0 Thumb down 0

Economy Ministry: producer prices will affect dynamics of raw material prices

Producer prices in industry will grow in 2018 similarly as they had in 2017. Producer price level is largely affected by fluctuations of raw material prices in the world, as noted by Latvia’s Economy Ministry.

PUC: Gaso’s separation from Latvijas Gāze was legal

After examining documents submitted by the transmission system’s operator, the Public Utilities Commission concluded that activities performed by AS Gaso as part of reorganization of Latvijas Gāze were sufficient to ensure compliance with requirements for independence, as reported by PUC representatives.

Industrial producer prices in Latvia up 3.5%

Compared to February, level of producer prices in the Latvian industry rose by 0.2 % in March 2018. Prices of products sold on the domestic market grew by 0.1 %, but prices of exported products went up by 0.4 %.

Municipality: after meeting in summer, British Steel refused to buy KVV Liepājas metalurgs

After the meeting that took place at the end of August 2017, British Steel, which had previously voiced an interest in KVV Liepājas metalurgs, refused to purchase the bankrupt company, says Liepaja City Council chairman’s advisor for public relations matters Andrejs Rjabcevs.

SRS determines Latvian officials with the largest salaries

Thanks to real estate transactions Prison Administration Chief Ilona Spure and Healthcare Minster Anda Čakša had the largest income among state officials in 2017. The holder of the largest wage among state officials remains the governor of the Bank of Latvia Ilmārs Rimšēvičs, according to information compiled by the State Revenue Service.

Total tax debts in Latvia – EUR 1.255 billion

At the beginning of April total tax debts in Latvia, including outstanding, halted and payment extensions, was EUR 1.255 billion, which is 3.2% lower than the previous month.

Eight-year-long Latvian-Russian state border demarcation process concludes

Latvian-Russian state border demarcation documents have come to force. 21 April 2018 marked the conclusion of the two countries’ joint border demarcation process that lasted eight years, as reported by Latvia’s Foreign Affairs Ministry’s press-centre.

Prosecutor general turns to Constitutional Court against MPC regulations

Latvia’s Prosecutor General Ēriks Kalnmeiers has submitted a case to the Constitutional Court about the non-compliance of the mandatory procurement component with the country’s Constitution.

Unity may become New Unity; Kariņš may become prime minister candidate

Unity may start in upcoming Saeima elections with a new name – New Unity. The party may pick MEP Krišjānis Kariņš as its prime minister candidate, as reported by Panorāma programme of LTV.

France to fine for naming veggie foods in meat terms

In France, vegetable-based products such as soya steaks or vegetarian sausages marketed as meat substitutes are to be banned in France for misleading consumers as it will be prohibited for food producers to use any meat terms to label products that do not contain meat.

Breach intensity on a rise near Latvia’s state border

Two groups of Vietnamese citizens were caught in an illegal attempt to cross Latvia’s border and multiple cigarette-smuggling attempts were thwarted by authorities in April, as reported by Latvia’s State Border Guard.

Latvia downgraded in openness of civic space rating

Citing Latvian laws as showing less respect fundamental freedoms since 2017, CIVICUS, the international organisation promoting and monitoring civil society and citizen participation in democracies, has downgraded the rating of the openness of the civic space in Latvia from «Open» to «Narrowed».

Authorities to check Riga City Council member Frolovs’ possibly fictive employment in Getliņi Eko

Corruption Prevention and Combating Bureau has commenced an inspection following Riga City Council deputy Juta Strīķe. In it, she detailed concerns about the possible fictive employment of city council deputy Vladimirs Frolovs in Getliņi Eko.

Jekabpils Council divides a pie, not duties; will the management change?

Disputes have commenced amidst the ranks of members of Jekabpils City Council – coalition member Kristīne Ozola from the National Alliance says behaviour of the city council’s management made her change her mind in regards to supporting the ruling coalition.

U.S. urges Moscow to address election, chemical weapons' and Ukraine issues

The United States government has asked the Kremlin to act on U.S. concerns on election meddling, the Salisbury chemical attack in UK, as well as the military developments in Ukraine and Syria.

Latvijas Krājbanka’s administrator recovered EUR 114,800 in March

The administrator of the liquidated Latvijas Krājbanka EUR 114,823 in March, which is 16.9% less than a month ago, according to the report published in Latvian Herald.

Basque militants ETA apologise to killed and injured readying for dissolution

ETA, the Basque military organisation that has fought for the establishment of an independent country in northern Spain and south-western France for 50 years, has apologised for causing harm to victims of its campaign.

Every second resident in Latvia has a loan, and every third – a missed payment

Last year, the number of private person loans had increased nearly 10%, according to the Credit Information Bureau’s data exchange system. Currently this institution’s data archive contains entries for 899 thousand assets in private persons’ contracts. 290 thousand private persons have missed some of their payments.

State Secretary: Latvia and China share good economic cooperation perspectives

To present topical issues of Latvian-Chinese economic cooperation to businessmen, as well as contribute to formation of new business contacts, officials have launched the Latvia-Ningbo Economic & Trade Cooperation Symposium, as reported by Foreign Affairs Ministry.

Wet summer boosted air travel via Tallinn Airport

In Estonian passenger aviation, a considerable 19% growth has been observed by the Tallinn Airport in 2017, which has explained the increase in passenger numbers partly with unusually bad weather conditions.

ABLV Bank urges FinCEN to withdraw «exaggerated accusations»

Lawyers of ABLV Bank, which is currently in the process of self-liquidating, urge US Department of Treasury’s Financial Crimes Enforcement Network to withdraw its published proposal, which details how ABLV Bank’s management had allegedly used bribes to influence Latvian officials and breach sanctions against North Korea.

Stoltenberg: NATO has no plans to boost military presence in Baltic States

NATO does not plan to increase its presence in Baltic States, which have requested additional aid against Russia’s potential aggression, as announced by the alliance’s Secretary General Jens Stoltenberg.

Mass evacuation in Berlin to defuse 500 kg bomb

In Berlin, after an unexploded bomb weighing 500 kg has been discovered, part of the German capital is being evacuated on Friday, April 20, in order to defuse the World War II weapon.

Friday will be warm and sunny in Latvia; weather to become cold and rainy later

Friday will be warm in Latvia, but weather will change on Saturday and Sunday – wind speed will increase and air temperature will drop. A wide low atmospheric pressure area above Northern Europe will be dictating weather next week. This means there will be more rain in Latvia, as reported by State Environment, Geology and Meteorology Centre.

New Cuba's President sees no room for capitalists in country

In Cuba, its First Vice-president Miguel Díaz-Canel has become the first President of the communist Carribean country ending the rule of Castro brothers.

Most read

Most commented

Newest comments