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Latvian Post earns 3.7 million LVL in 2012
After a long period of losses, Latvian Post (LP) has concluded 2012 with revenue of nearly 3.7 million LVL. The enterprise's net turnover increased by 1.3 million LVL, reaching 41.1 million LVL in 2012.
Ventbunkers sees 39% increase in volume of handled cargo
AS Ventbunkers terminal has handled more than 377 000 tons of oil products in the first month of 2013. This shows a 39% increase compared to the same month of 2012.
1.9 billion LVL issued in bank credits last year
Last year, Latvia's banking sector issued credits worth a total of 1.9 billion LVL. This includes 654.8 million LVL – for the development of Latvian enterprises, 285.8 million LVL – for Latvian financial institutions, 184.4 million LVL – resident households and 818.5 million LVL – for non-resident households.
Latvia services clients the best in the Baltic States' banking sector
Danske Bank demonstrated the best client service practice among Latvia, Estonia and Lithuania last year. In total, the average service quality level in the Latvian banking sector is 89.4%, in Lithuania – 87.6%, and 83.2% in Estonia.
Rīgas Dzirnavnieks' export grows by 19%
Financial revenue from export of one of the largest grain processor in the Baltics, AS Rīgas Dzirnavnieks, increased be 19% last year. Revenue increased most rapidly in Estonia and Lithuania. Export of industrial products was also opened to the Czech Republic.
Latvia’s industrial output exceeds that of pre-crisis period
Compared to 2011, volume of industrial production (at constant prices) in 2012 increased by 6.2%. Of which in manufacturing by 9.3%, in mining and quarrying – by 0.3%, while in electricity and gas supply there was a decrease of 2.8%.
Economic calendar of Latvia. January February 4 - 8, 2013
Calendar of economic events in Latvia. February 4 - 8, 2013...
Train procurement money could be used for Liepaja railway hub’s modernization
This week, the Transport Ministry plans to propose that the government diverts the 100 million LVL, initially intended to be used for the train procurement project, to other transport initiatives. The decision will be proposed without waiting for the end of the mediation process in Stockholm, where Pasažieru vilciens and the Spanish CAF are currently participating.
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Latvia will not pay Greece's debts
“Greece – the cradle of the European civilization – has been stirring a known amount of agitation in society. It was largely due to surface analysis of the matter and skilled manipulation,” - notes Bank of Latvia Economist Alexandra Bambale.
PM: Eurozone will help Latvia become part of leading EU states
“Euro adoption, as a logical EU integration step, was planned in the agreement of Latvia's joining of the European Union. Unlike the “old” EU member states, Latvia has no so-called “opt-out” or reservations on not implementing a specific policy. The joining agreement provides for Latvia's joining of Eurozone as soon as the country meets all Maastricht criteria,” - notes PM Valdis Dombrovskis.
Education credits to be issued by SEB Banka this year as well
The winner of this year's Finance Ministry's organized auction for the right to issue education credits with a guarantee from the state is SEB Banka.
Average ICT costs per worker in Latvia – 458 LVL
The total enterprise expenditure on goods and services of Information and Communication Technologies (ICT) in 2011 comprised LVL 182 million. Of which LVL 49 million or 27% were spent similarly - on purchase of computers and peripheral equipment and communication equipment, and on telecommunication services, including telephone and internet costs.
Swedbank Latvia earns 71 million LVL in 2012
Last year, Swedbank Latvia earned 71 million LVL, insurance business included. This amount is smaller than that of 2011, when the bank's revenue was 81 million LVL. The number of the credit institution's clients in Latvia has increased by 77 thousand.
Fight for Ventbunkers: Berkis involves politicians
Fight for Ventspils transit giant Ventbunkers is no longer a behind-the-scenes battle - it has now been dragged into the public light by Olafs Berkis, a generous donator of the ruling party Unity.
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Latvia's foreign trade export is growing faster than import
Latvenergo's profits drop by 18.5% in 2012
PAA bath manufacturer modernizes production plant and creates Silk Stone material
Prudentia distances from the consequences of the advices it once gave
Paul Krugman declined participation in the First Riga Economic Forum
Friendship between Unity and Prudentia: gigantic losses for state budget
HM: smoking in the presence of a child is considered abuse
Latvia's living costs reach record high level
May 16 in pictures
Gold shipment worth EUR 483,000 lost in Miami
Petrol price fixing scandal: oil giant bosses to be jailed if found guilty
French President: austerity endangers EU
The most horrifying industrial disasters of all time
Greek politician slaps woman live on TV
Colombia hosts Miss Pole Dance 2012
VIDEO: Airline fined for in-flight bikini show
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May 21 in pictures
May 20 in pictures
Photos of the week, 2013.05.17.
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