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Friday 20.04.2018 | Name days: Mirta, Ziedīte

Magazine EMEA Finance recognizes SEB as best bank in Latvia

In its annual award Europe Banking Awards 2010, the international financial magazine EMEA Finance has recognized SEB as the best bank in Latvia. EMEA Finance experts granted the highest assessment to SEB bank among the Latvian commercial banks for the third consecutive year.

Snoras Bank makes the biggest real estate purchase in Latvia this year

This year the Lithuanian Snoras Bank carried out the biggest property purchase in Latvia, acquiring a real estate in Old Riga for more than 11 million lats. The bank purchased the property on 23 Pils Street previously leased by Snoras Bank Latvian branch.

Medicines wholesalers turn less in first quarter

In the first quarter of 2011, medicines wholesalers sold their production for 70.7 million lats, 0.07% less than in the fourth quarter of 2010 and 9% more than in the first quarter of last year.

Russian investors boost bank balance

Thanks to the interest from the part of Russia, the situation with real estate loans in Latvia is improving. At the same, banks forecast there will still be problems with consumption credits.

Olainfarm sales surge over 65% in April

The medicinal and chemical-pharmaceutical product manufacturer AS Olainfarm's provisional April 2011 performance indicate that product sales have surged 65%, compared to the same period last year, totaling 3.38 million lasts (4.81 million euro).

SAS Group loses 43 million lats in first quarter

Scandinavian airline SAS Group concluded the first quarter of 2011 with 43.4 million lats in losses (554 million Swedish kronor) before tax, the company's representative Elīna Vītiņa informed the business news portal BNN.

Mortgage Bank profit hits 2 million lats this year

Latvijas Hipotēku un zemes banka concluded the first four months of 2011 with a profit of 2 million lats, the bank’s spokeswoman Sandra Eglīte informs the business news portal BNN.

Danske Bank profit this year – 948 000 lats

This year, Danske Bank's first quarter profit before corporate income tax deduction comprised 948 000 lats, while the number of clients – 12 751, surging 11%. In the same period last year, the bank's losses accounted for 1.312 million lats.

Amserv Group acquires Adam Auto

This year on May 9, the Latvian company SIA Hansa Auto Riga, part of Amserv Group, acquired 100% shares in SIA Adam Auto, the company’s marketing manager Marika Celma informed the business news portal BNN.

airBaltic commercial director Taskila to become Estonian Air president

airBaltic commercial director Tero Taskila will become the Estonian national airline Estonian Air President, reports Postimees. According to the newspaper, Taskila has just resigned from his post at airBaltic, where he worked for two years.

Stock exchange removes Parex Bank’s surveillance status

Along with Parex Bank’s submitted audited 2010 report, the stock exchange NASDAQ OMX Riga Board decided to cancel the surveillance status, according to the data published by the bourse.

Residential buildings built also in crisis

Construction of residential buildings in Riga has not halted at all also during the crisis. Many apartments are still under way in a number of locations in the capital city of Latvia.

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%.

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.