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Saturday 23.06.2018 | Name days: Līga

Road builders’ biggest issue – unpredictable prices

Oil and other material prices are the ones most affecting road construction costs in Latvia, while the inability to predict price changes and fluctuations is the biggest issue for road builders, indicates Gints Karols, board member of SIA Saldus ceļinieks.

Latvian State Forests profit hit 78.32 million lats last year

In 2010, AS Latvian State Forests turnover reached 215.97 million lats, while profit – 78.32 million lats, according to the company's annual report data.

Transport Minister: airBaltic lost 13 million lats in five months

Over the five months of 2011, the Latvian airline airBaltic's losses amounted to 13 million lats, points out Uldis Augulis, the Latvian Transport Minister.

British American Tobacco Latvia posted 2.1 million lats loses in 2010

Last year, the tobacco company SIA British American Tobacco Latvia losses amounted to 2.1 million lats, according to the Registry of Enterprises servicing company SIA Lursoft information.

Parex Bank overtakes nearly 800 properties from debtors

AS Parex Bank, which was divided last August, leaving only problematic assets, has so far taken over 800 real estates from debtors, told Jurijs Adamovičs, board member of Parex Bank.

airBaltic halts ticket sales in 12 countries

Interneto partneris, a company that owns flight tickets trading site in Latvia, has temporarily halted Latvian national airline airBaltic tickets sale in 12 countries, whereas, the airline itself dismisses the information, saying it decided on the move itself.

Getlini treats EU directives creatively

The waste disposal company Getlini wants to bypass the European Union requirements on the reduction of decaying waste at landfills, so Riga and Stopini municipality’s landfill SIA Getlini Eko has announced tender for waste preparation for disposal.

Demand for beer soars 50% during Summer Solstice

With the Latvian Summer Solstice celebrations approaching, the demand for beer has climbed 50%, compared to the average figures for summer, the beer producers recognize.

Economist: productivity boost necessary along with rising costs

This May heat energy tariff rise has a significant effect on producer prices as they rose 2.9% over the month in electricity, gas, heating supply and air conditioning sector, which is 10.3% over the year, points out Lija Strašuna, economist at Swedbank.

Industrial producer price level rises 1%

Compared to April, the overall level of producer prices in Latvian industry climbed 1.0% in May 2011. Producer prices spiked 1.2% on the domestic market, while prices of exported goods were up 0.7%, according to the Central Statistical Bureau data.

Neste Latvija turnover grows 20%

SIA Neste Latvija net turnover hit 157 million lats in 2010, while after-tax profit - 2 million lats. Moreover, the company invested 1.1 million lats in total.

Businessman sets up his own stock exchange to attract funds

In order to attract funds, a businessman has started trading shares at his own «established» stock exchange. The project author is Vladimirs Bickovskis, who is better known as the founder of SIA Jelgavas cukurs and producer of the niche product Samogon No.1.

Estonian businessmen: Saeima dissolution might attract investors to Latvia

Estonian entrepreneurs operating in Latvia are hoping the referendum on the Saeima dissolution and discussions about oligarchs’ influence on politics will make the Latvian economy more transparent and facilitate attraction of foreign investors.

ERGO boosts performance indicators 15%

In May 2011, ERGO companies in Latvia managed to improve performance indicators by more than 15% in both life and non-life insurance segments, compared to the same period in 2010.

Enterprise register sees twice as many companies

In the first five months of 2011, Latvia Enterprise Register (ER) has registered twice a many companies as in the same period in 2010. About 1 535 Ltd. companies were registered monthly from January to late May, compared to 999 Ltd. in the corresponding period a year ago.

Swedbank hopes to list its shares on Baltic Stock Exchange

Swedbank has already previously announced it is willing to list its shares on the Baltic Stock Exchange, most likely, this will be on Tallinn stock market thanks to the euro.

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