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Tuesday 21.11.2017 | Name days: Andis, Zeltīte

Ventbunkers will call for the intervention of the Latvian Government regarding Litasco

Negotiations between AS Ventbunkers and the Lukoil subsidiary Litasco did not lead to any result because of the totally unreasonable position of Litasco. Ventbunkers will call for the intervention of the Latvian Government, informs Dr. Rudolf Meroni, chairman of Ventbunkers Supervisory Board.

McDonald's launches three new restaurants in Latvia

Three new McDonald’s fast food restaurants in Riga will welcome visitors this year. Moreover, the company will launch its first restaurant in one of the biggest cities in Latvia as well, thus announcing itself as resolved to conquer also the regions, the company's representatives informed the business news portal BNN.

Latvian ports cargo turnover drops 1.3% in 2010

Cargo turnover at Latvian ports reached 61.16 million tons last year, it is 1.3% less than in 2009. Ships at Latvian ports loaded and transshipped 55.72 million tons of cargo in 2010, surpassing the indicators of 2009 by 3.2%, according to the Central Statistical Bureau.

Olainfarm turnover surges 13%

According to the provisional data, last year Olainfarm’s turnover amounted to 25.2 million lats – a rise of 13%, compared to the company’s turnover in 2009, according to NASDAQ OMX Riga stock exchange.

Construction costs down by 2.7%

Compared to the average level of 2009, in 2010 the construction costs in Latvia plummeted by 2.7%. The most notable drop in the main resource groups was in the maintenance and operational costs of machinery and equipment – by 5.7%. The prices of construction materials fell by 2.3%, while labour remuneration rose by 1.0%.

AGA plant to be constructed in Zakumuiza

This April the company AGA will start building a new gas production and filling plant in Zakumuiza to be put in operation in the summer of 2012.

Valmieras piens best selling product in 2010 - yogurt

AS Valmieras piens provisional turnover in 2010 amounts to 29.6 million lats, which is 9% more than in 2009. The yogurt segment reported the biggest sales volume growth, spiking 31%, compared to 2009.

Maxima fined 45 000 lats for slow settlement with producer

The Competition Council has imposed the chain store Maxima a 45 000 lats fine for the abuse of its dominant market position in retail, when settling for the bakery SIA Siguldas Maiznieks products. The settlement period has been excessively long.

Latvian Employers’ Confederation: our cautiousness delays entering Russia

It is the Latvian cautiousness that hinders enterprises from entering the Russian market, considers the Latvian Employers' Confederation Permanent Representative in Russia and a businessman Zigurds Skrodelis.

Ventbunkers and Litasco return to the negotiation table

After weeks of a stalemate in the dispute with the Lukoil subsidiary Litasco, the parties have agreed on negotiations to discuss the problems regarding oil fuel stored at the Ventbunkers terminal located in Ventspils, BNN was informed by informed Rudolf Meroni the Chairman of the Supervisory Board of a/s Ventbunkers (VBU).

Producer prices in manufacturing surge 3.1%

Compared to the average level of 2009, producer prices in 2010 have grown by 3.1%. Prices have mainly climbed in waste collection, treatment and disposal; materials recovery (by 40.9%), and in the manufacture of metals (by 24.5%), wood and wood products, except furniture (by 10.0%).

Rudolf Meroni: Litasco is running out of time; Ventbunkers will store fuel oil offshore

Litasco has only a few days left to lift their fuel oil from VBU terminal before the first vessel, chartered by VBU, arrives in Ventspils port later this week to store the fuel oil offshore on account of Litsaco.

Credit agreement necessary before EU funds are granted

In order to conclude an agreement on project implementation with the European Union (EU) support, a previously approved credit agreement will be necessary, according to the government's approved amendments to the activity «Development of new products and technologies – support for the introduction into production of new products and technologies».

Estonian energy company acquires Latvian firm

Estonian energy company Eesti Energia has acquired 90% of SIA Valkas bioenerģijas kompānija shares, according to the Land Register data.

Most successful companies use Internet for marketing

Companies making use of the Internet for marketing purposes turn out to be more successful and more convinced about the future than those who do not, according to a study «Internet and IT Use among Small and Medium Enterprises».

Daugava denies ignoring loan payments

We have not ignored loan payments included in the agreement concluded with Swedbank, says SIA Daudznozaru kompānija Daugava Board Chairman Aigars Vaivars, denying the previously announced information about the company not meeting its liabilities.