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Tuesday 21.11.2017 | Name days: Andis, Zeltīte
LatviaLatvia

Parex Bank indicators – neither good, nor hopeful

It is likely that this year the overdue loans of 600 million lats will keep bringing loses of tens of millions of lats for Parex Bank, further reducing its already small capital.

Economists: banks unlikely to push interest rates below 1%

It is unlikely in near future, while the state is struggling with the consequences of the economic crisis, Latvia could return to the fat years scenario with banks reducing interest rates on mortgage and consumption credits below 1%.

Proceedings initiated after municipalities complaints on Latvenergo tariffs ended

Administrative District Court has ended all proceedings initiated after municipalities complains about the new Latvenergo electricity tariffs, says Līga Trubiņa, assistant of Administrative District Court Chief Justice.

Riga City Council opposition: unfinished municipality residential buildings are collapsing

Defects have been found in 31 apartments in the new residential building complex at Ulbrokas Street, in Riga, which was put into operation on February 16, this year.

«Green car» market prospering

While the «green car» market is still small, leasing companies support financing such purchases, believing hybrid cars will play a major role in the future.

Stock exchange removes Parex Bank’s surveillance status

Along with Parex Bank’s submitted audited 2010 report, the stock exchange NASDAQ OMX Riga Board decided to cancel the surveillance status, according to the data published by the bourse.

Customs Criminal Investigation Director banned from communicating with press

Marjans Burijs, Director of the Customs Criminal Investigation Board, has been ordered not to communicate with the press. The State Revenue Service Director General Nelija Jezdakova has prohibited him to have an interview with the newspaper Neatkarīgā Rīta Avīze.

Residential buildings built also in crisis

Construction of residential buildings in Riga has not halted at all also during the crisis. Many apartments are still under way in a number of locations in the capital city of Latvia.

Expert: Corruption Prevention and Combating Bureau tries to play politics

Currently, there is not enough information to draw conclusions about whether the politician Ainārs Slesers' allegations that Riga hotels are being tapped are true; however, there should be a very solid evidence for this event to affect the presidential elections , considers Lainis Kamaldiņš, former chief of the Constitution Protection Bureau.

Latvijas Finieris 2011 first quarter profit – 2 million lats

The holding group Latvijas Finieris 2011 first quarter profit comprised 2 million lats, while the turnover amounted to 29 million lats, the company’s representatives informed the business news portal BNN.

Medicines wholesalers turn 19.22 million lats in March

In March 2011, medicines wholesale companies turned 19.22 million lats, outdoing the performance of February by 18%.

Expert: used car market reports biggest interest in cars worth 2 000 – 5 000 euro

Nearly 80% of Latvia’s residents considering buying a used car are prepared to spend up to 3 000 lats on this purchase.

State Revenue Service expenditure drops 33.5% since 2008

Latvia State Revenue Service (SRS) total budget has shrunk 33.5% during the past three years, from 83 694 928 lats expenditure in 2008 down to 55 650 692 lats in 2011. SRS budget totalled 53 680 243 lats in 2009 and 52 327 515 lats in 2010.

Industrial output grows 1.4%

In March 2011, the industrial production output at current prices accounted for 401.2 million lats. Compared to February 2011, the industrial production volume in March 2011 has risen by 1.4%, according to seasonally adjusted data at constant prices.