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Monday 22.01.2018 | Name days: Austris

Liepaja port's cargo turnover grows 8.5%

During the first two months of 2011, Liepaja port handled 759 629 tonnes of cargo – an increase of 8.5%, compared to the exact period last year, the public relations specialist at Liepaja Special Economic Zone Līga Ratniece-Kadeģe informed the business news portal BNN.

Triatel profit keeps growing

Telecommunications operator Triatel turned 6 319 000 lats in 2010, posting 986 000 lats profit and outdoing the financial performance of 2009 by 11%, Triatel told the business news portal BNN.

Sugar price keeps gaining

As for now, sugar has surged 20% at Latvian stores, compared to 2010. Moreover sugar shortage is raising global fear because sugar price keeps gaining, the leading sugar distributor in Latvia AS Nordic Sugar Retail Manager in Scandinavia and the Baltics Henrik Bramsted says.

Brewers' Association to review industrial espionage in Uzava after official request

Latvian Brewers' Association has not been informed by the breweries Užavas alus (Užavas beer) and Valmiermuižas alus (Valmiermuižas beer) about the fact whether Valmiermuižas alus has really been indulged in industrial spying, Latvian Brewers' Association head Pēteris Liniņš told the business news portal BNN.

Riga Mayor assumes Dalkia might boost its influence in AS Rīgas siltums

French investors Dalkia might increase its influence in the main heat supplier of the capital city AS Rīgas siltums. However, it would not be the block of shares, because the company can only own less shares than the City Council, according to Riga Mayor Nils Ušakovs.

Banker: tax policy should boost business not squeeze it

The state's tax policy should foster business, instead of crashing it, Rietumu banka Council's Member Aleksandrs Kaļinovskis indicates.

Bank of Latvia’s foreign reserves in late February – 5.386 billion euro

Compared to January, in late February 2011, the Bank of Latvia’s foreign reserves have fallen by 1.08% – to 5.386 billion euro (LVL 4.1 billion lats).

TeliaSonera repeatedly expresses wish to acquire state shares in LMT and Lattelecom

After the Prime Minister Valdis Dombrovskis’ new government approval in late 2010, the Nordic telecommunications giant TeliaSonera repeatedly sent letters to the Prime Minister, expressing readiness to resume negotiations on the privatization of the state-owned SIA Latvijas Mobilais telefons and SIA Lattelecom’s public shares.

US interested in investing in Latvian energy and IT sector

The potential in attracting investments from the United States lies in the energy and information technologies, where soon new cooperation projects are possible, indicates Lorraine Hariton, the US State Department’s Special Representative for Commercial and Business Affairs.

Maxima does not fear Rimi as competitor

It is a positive tendency that there is competition among companies. The tougher the competition, the better it is for the consumer, Maxima representative Ivars Andiņš told the business news portal BNN upon commenting on the new Rimi hypermarket opened in Imanta very close to them.

BIGBANK' profit in 2010 – 5.3 million euro

Last year, BIGBANK’s profit totalled 5.3 million euro. The bank’s interest rate income comprised 31.3 million euro, while the interest rate expenses – 8.1 million euro, according to the company’s annual report.

Businessman Ravis might acquire more companies shares

In addition to SIA Latvijas energoceltnieks ( construction company LEC) shares the businessman Guntis Rāvis acquired in February this year, he might as well get hold of another one or two companies shares.

Rīgas piena kombināts wants to take over Rīgas piensaimnieks to become dairy giant

Dairy Rīgas piena kombināts is currently negotiating with its competitor Rīgas piensaimnieks owners possible acquisition of the Riga-based milk processing company and a merger.

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