Estonian company Big Data Scoring that is managed and co-owned by Erki Kert, former board member of LHV Pank, is offering credit scoring based on social media data.
The proposed mayoral candidate from the Union of Greens and Farmers is one Armands Krauze – largely unknown to the residents of the Latvian capital. He has no prior experience in city management. This is probably the reason why he easily gives pre-election promises that are very hard to implement in reality.
The construction industry is rapidly recovering. However, it remains behind its pre-crisis achievements. The recovery of this industry has now become a state priority.
On Tuesday, May 7, the largest shareholders of Liepājas metalurgs (LM) – Sergei Zakharin, Ilya Segals and Kirov Lipman – are expected to submit their reply to the offer of LM's creditors to sell their shares – a total of 93% - to the largest creditors or their representatives for 1 LVL each.
Latvian residents often insure their property against fires and thefts (84%), as well as possible damage caused by neighbours (55%).
A series of British Financial Times articles have turned into a discussion between experts and commentators about Latvia's economy and its crisis overcoming model.
Estonian Prime Minister Andrus Ansip said at a government press conference that the development of the Visaginas nuclear power plant project can be continued once the Lithuanian people have endorsed it.
Current standard apartment prices in Riga are nearly 65% lower than there were during the so-called “real estate bubble” era of 2007.
The website created by journalists of China Daily about Latvia last year, has been visited by more than nine million people since then.
German Hörmann, a garage and industrial doors company, is to build a logistics centre near Vilnius to serve Lithuania, Latvia and Russia's Kaliningrad region.
Moody's Investors Service warns about the growing volume of non-residents' deposits in Latvian banks.