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Tuesday 25.07.2017 | Name days: Jēkabs, Žaklīna

Foreigners continue buying out Latvian forests

Top 25 major forest owners list included only 9 foreign companies a year ago, the current number is 12.

RSK to finally settle debts

Since the auction of the building situated at Lāčplēša Street was completed successfully, AS RSK apdrošināšana (RSK), which will be liquidated soon, will be able to meet all the creditors’ requirements in compliance with the liquidation process plan, points out the company’s representatives.

Tele2 Head: long-term investments in state development necessary

If residents might consider short-term solutions, the government cannot afford such luxury, said Tele2 Head Valdis Vancovičs (Valdis Vancovičs).

Latvijas gāze fined 5 000 lats

Financial and Capital Market Commission (FCMC) decided in council sitting to apply AS Latvijas Gāze (LG) 5 000 fine for delaying appointment of Audit Committee.

Factoring market declines by 50.5%

Last year, compared to 2008, the factoring market in Latvia has shrunk by 50.5%, indicates the Latvian Lessors Association data.

Serious investors interested in Citadele bank

The result of Parex bank restructuring Citadele bank has created serious interest in investors, but the current problem is the government has not agreed upon the bank's sale yet, indicates the Latvian Privatisation Agency Board Chairwoman Iveta Zalpetere (Iveta Zalpētere).

Study: Baltic enterprise executives afraid to admit mistakes

The company executives in the Baltic States are very active and manage to successfully achieve results; however, they are often afraid to admit their mistakes.

At least half of Latvia pledged

At least 50% of companies' assets in Latvia are put in pledge. Only enterprises of stable export turnover operate independently. The rest live with loans, the lawyer Edgars Karelis is convinced; Gunars Kirsons (Gunārs Ķirsons) owned catering company Lido is also on the agenda of the lawyer.

Expert: internal devaluation in Latvia ends

The return of inflation indicates the end of the economic crisis in the country – the internal devaluation process has stopped and the stabilization begins.

Raw food material traders consider price rise options

After observing the market participant’s reaction to the rumours and news that, allegedly, prices of various food products are likely to increase due to the natural disasters and other events in the world; raw food material traders assess the possibility to raise prices, believes Artis Rozitis, the entrepreneur from Kuldiga and the owner of inns, pizzerias, and cafés under the brand name Stender.

Minimal wage set after new concept

Latvia Ministry of Welfare (MW) has developed a concept providing three new minimal monthly wage setting principles.

Sadales tīkls intends tariff rise by 12.5%

A/S Sadales tīkls, the subsidiary of Latvenergo, intends to raise its service tariff by 12.5% starting from January 1, next year.

UPB Board Chairman: Scandinavian markets offer better experience and competitiveness rise

In Scandinavian markets it is possible to get greater experience in engineering solutions, and in work safety issues, as well as, considering that we are one region neighbours, enhance our potential market competitiveness in the Baltic States market.

Milk purchase price climbs by 5%

The purchase price of milk in September, compared to the previous month, has climbed by 5%, reaching 184.52 lats per tonne.