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Sunday 18.03.2018 | Name days: Ilona, Adelīna

Citadele Bank ready to invest 100 million euro in Latvia's businesses

In order to boost the Latvian domestic market activity, Citadele Bank is prepared to invest more than 100 million euro or 70.3 million lats in the Latvian business this year.

EC gives Latvia access to banking sector funds

The European Commission has authorized Latvia to release the first part of financial resources worth 300 million euro (LVL 210.8 mln) for the banking sector support, informs Jānis Krastiņš, press secretary of the EC Representation in Latvia.

IZZI to invest ten million euro in newest technologies

The telecommunications operator IZZI will invest ten million euro (LVL 7.028 mln) in new service and infrastructure development, as well as in existing network modernization and coverage expansion by 2013.

Parex Bank's employees under threats of physical reprisal

Employees working at JSC Parex Bank, whose current tasks include debt restructuring, recovery and management of seized assets, have been threatened with physical reprisal, revealed Jurijs Adamovičs, member of the bank's board.

New investor emerges for airBaltic

The Latvian airline airBaltic has a potential investor – the UK-based charter company Ocean Sky Aviation Ltd. The Transport Ministry received the offer on Monday, June 27 and it will be reviewed by the Cabinet of Ministers on Tuesday, June 28.

Road builders’ biggest issue – unpredictable prices

Oil and other material prices are the ones most affecting road construction costs in Latvia, while the inability to predict price changes and fluctuations is the biggest issue for road builders, indicates Gints Karols, board member of SIA Saldus ceļinieks.

Latvian State Forests profit hit 78.32 million lats last year

In 2010, AS Latvian State Forests turnover reached 215.97 million lats, while profit – 78.32 million lats, according to the company's annual report data.

Transport Minister: airBaltic lost 13 million lats in five months

Over the five months of 2011, the Latvian airline airBaltic's losses amounted to 13 million lats, points out Uldis Augulis, the Latvian Transport Minister.

50 000 cigarettes found in St. Petersburg train

When checking a train in route St. Petersburg – Riga on June 23, the police found 50 000 cigarettes with the Russian Federation excise stamps.

British American Tobacco Latvia posted 2.1 million lats loses in 2010

Last year, the tobacco company SIA British American Tobacco Latvia losses amounted to 2.1 million lats, according to the Registry of Enterprises servicing company SIA Lursoft information.

Ingman Saldējums: consumers have the right to know what they eat

Despite costs of raw materials for ice cream production rose over 10% on average, while costs of energy needed for production grew 6 – 8%, the choice of not substituting the cream with cheaper vegetable fats has paid off, Normunds Labrencis, Director of Ingman Saldējums, recognized in an interview to the business news portal BNN.

Parex Bank overtakes nearly 800 properties from debtors

AS Parex Bank, which was divided last August, leaving only problematic assets, has so far taken over 800 real estates from debtors, told Jurijs Adamovičs, board member of Parex Bank.

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