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Ceturtdiena 21.06.2018 | Name days: Monvīds, Egita, Emīls

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.

Estonia invests the most in Latvian companies

Similarly as in the previous years, also this year Estonia ranks the first in terms of direct investments in Latvian companies capital.

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.

Estonians complain of bureaucracy and protectionism in Latvia

Estonian businessmen are victims of widespread bureaucracy and protectionism in Latvia, says Hele Lõhmus, Chairman of the Estonian Chamber of Commerce in Latvia.

The richest woman in Latvia – Anna Lipmane

The businessman Kirovs Lipmans’ spouse Anna Lipmane is the richest woman in Latvia – the pharmaceutical company Grindex shareholdings worth 22 million lats are registered on her name.

Fitch upgrades Lithuania’s ratings

Fitch Ratings agency has upgraded Lithuania’s outlook from stable to positive, affirming its long-term foreign currency rating is BBB and its long-term local currency rating - BBB+.

Liquefied natural gas terminal could be built in Skulte

As a compromise between Latvia capital city Riga and Ventspils, liquefied natural gas (LNG) terminal could be built in Skulte, as the European Comission has undertaken funding LNG terminal construction in one of the Baltic states.

Parex Bank repays 164 million lats syndicated loan

On May 3, Parex Bank transferred the last 164 million lats installement of the syndicated loan, the bank informed the business news portal BNN.

Russian company manufactures robots in Estonia

Russian company Kvadrat SG manufacturing robots in St Petersburg has announced town in Estonia Narva its new production base, according to the company’s owner Sergey Gadalov.