Economic calendar of Latvia. May 20 - 24, 2013
Calendar of economic events in Latvia. May 20 - 24, 2013...
PAA bath manufacturer modernizes production plant and creates Silk Stone material
Latvian bath manufacturer PAA has finished its production plant modernization project in Kekava. As a result the company managed to create an innovative new material – Silk Stone.
Latvenergo's profits drop by 18.5% in 2012
Latvenergo's profits for 2012 reached 35.7 million LVL, with the total turnover reaching the highest volume to date – 751 million LVL. This is 10% more than the company had in the year before.
Slow-down in Estonia’s growth expected
International Monetary Fund: pace of growth in Estonia is to slow down this year because of euro-area's struggle to recover.
Liepājas metalurgs could ruin the plan to reduce PIT
With luck further abandoning Liepājas metalurgs (LM), the state will most likely have to turn down its plans to start reducing the personal income tax (PIT) next year. This is said by experts of the International Monetary Fund (IMF).
Economic calendar of Latvia. May 13 - 17, 2013
Calendar of economic events in Latvia. May 13 - 17, 2013...
Latvian Economy Ministry stands alone in fight with fast credits
Prohibition of aggressive advertisements is the only issue the involved sides had been able to agree upon. Responsible officials and representatives of the non-banking creditors are unable to agree on other important questions.
Latvia's trade in machinery and mechanical appliances increases
Provisional data of the Central Statistical Bureau shows that in March 2013, compared to February of this year, exports value of goods at current prices increased by 5.3%, but imports value of goods – grew by 14.0%. In March, foreign trade balance slightly worsened as exports in total foreign trade value dropped to 43.6% (in February of this year – 45.5%).
Latvian Post concludes Q1 of 2013 with profit
Latvian Post (LP) has concluded Q1 of 2013 with a positive profit index, but the precise values are not to be published, Chairman of LP Maris Kleinbergs reports.
Price monitoring in April: prices remain the same in 90% of cases
Prices for most goods – 90.42% of cases – have remained the same this April, in comparison to March. Price increase, on the other hand, was noted in 4.45% of cases. Price reduction was noted in 5.12% of cases, according to the latest price monitoring data of the Economy Ministry.
Latvia's manufacturing turnover up by 4.7% in Q1 of 2013
In comparison with the Q1 of 2012, manufacturing turnover in the Q1 of 2013 increased by 4.7% (according to calendar adjusted data at current prices), of which by 3.8% in domestic market and by 5.7% in export.
McDonalds earns 318 000 LVL in Latvia in 2012
The McDonalds fast food restaurant network has earned more than 318 000 LVL in Latvia in 2012. More than 2.8 million LVL were paid to the state in the form of taxes.
World Bank experts criticize Riga and Ventspils ports
On Tuesday, May 7, representatives of the World Bank criticized Riga and Ventspils ports in their assessment of the Latvian port sector's competitiveness and management.

