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Sunday 25.02.2018 | Name days: Alma, Annemarija

Pure Food sold after posting the best profit

The company was sold at the time when its profit figures were the best since its establishment in 1994 – last year the turnover hit 12.6 million lats, but profit – 664.4 thousand lats, points out Aivars Žimants, who sold his company SIA Pure Food to the Belgian Puratos.

State Revenue Service forfeits millions of lats on electronic system errors

Several millions of lats are lost due to problems with the State Revenue Service Electronic Declaration System.

Expert: tax rise limits individual freedom

Latvia should turn much more attention to economic security issues, says Aivis Ronis, Latvian-American financial forum President, adding that we cannot achieve that with mere figures.

85% of Latvia households faced difficulties with covering daily expenses last year

Last year, 85% of Latvia households (82% in 2009) had difficulties with settling daily expenses: 23% of them found it very difficult to cover the necessary daily expenses (in 2009 – 18%), 32% had difficulties with payment settlement (in 2009 – 31%).

Grindex turnover grows 21.5% in 2010

Last year, the holding group Grindex turned 65.1 million lats, outdoing the 2009 performance by 11.5 million lats or 21.5%. While during the reference period the group’s net profit attributable to the parent company’s shareholders formed 7.1 million lats.

25 million euro to be invested in AS Ventspils Grain Terminal

AS Ventspils Grain Terminal shareholders meeting has not only approved the annual 2010 review, but also decided to start a major investments programme with two significant projects, Vlads Šafranskis, AS Ventspils Grain Terminal Board Chairman, told the business news portal BNN.

Swedbank profit this year – 24 million lats

During the first quarter of 2011, Swedbank Latvia operated with 24 million lats profit, compared to 48 million lats loss in the first quarter of 2010.

Latvian IT market revives

The Latvian Internet technology field will be affected both by the earthquake in Japan and the economic situation in the euro zone, the IT wholesaler ALSO Latvia Board Chairman Juris Ducens points out.

Latvian life insurance market resumes growth

Latvian life insurance market is starting to recover from the slow-down in 2008 and 2009. Last year, insurance premiums written reach 43.1 million lats, 16% more than in 2009 with 36.3 million lats.

Bite first quarter revenues spike 10%

In the first quarter of 2011, the telecommunications operator Bite Latvija revenues increased by more than 10% to 6.9 million lats (EUR 9.9 mln), compared to the same period in 2010.

Number of registered companies doubles

In the first three months of 2011, nearly twice as many companies have been founded than in the same period a year ago, according to

State Audit Office calls upon Ombudsman to ensure budget planning and implementation meet requirements

By carrying out unexpected tax – the state social insurance compulsory contributions and individual income tax – advance payments at the extent of 31 thousand lats in December 2010, the Ombudsman's Office has not acted lawfully and economically with financial resources, the State Audit Office has concluded.