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Monday 18.12.2017 | Name days: Klinta, Kristaps, Kristofers, Krists

Rigas Piensaimnieks dairy investors get nothing for selling 80% shares

Last month the Estonian investors holding 80% shares in Rigas Piensaimnieks dairy sold them to US investment firm Darby Overseas Investments in turn receiving nothing as the company simply overtook the shares.

Russian businessman Kovtun obtains airBaltic shareholder BAS shares

The Russian entrepreneur Stanislav Kovtun has acquired the Latvian national airline airBaltic shareholder SIA Baltic Aviation Systems shares.

Investor: Latvia benefited from the crisis

Crisis has turned Latvia into an attractive destination for investment, believes London & Regional Properties Head Thomas Lindeborg.

Changes in airBaltic shareholders structure

The 47.2% shareholder of the Latvian national airline airBaltic SIA Baltic Aviation Systems (BAS) has changed hands, according to the Land Register servicing company Lursoft information.

State Audit Office: Building Inspectorate liquidation weakened construction supervision

After the Building Inspectorate was liquidated, the supervision of construction work in the state has weakened, moreover imperfections in the legislation and actual actions of the respective institutions affect also the security of consumers, concluded the State Audit Office.

Competition Council fines RIMI for pressing discounts on AS Valmieras piens

The Competition Council has found that SIA RIMI Latvia has maliciously used its dominant position in the retail trade, forcing economically-ungrounded discounts on AS Valmieras piens for the product placement at Supernetto brand stores.

Smaller interest rates for commercial loans in lats, higher - for ones in foreign currencies

October this year shows interest rates for loans issued in lats for companies have decreased, at the same time climbing for loans issued in foreign currencies.

Pipeline Polock – Ventspils «black gold» likely a contraband

Problems might arise with the pumped buffer-oil sale, because there is not enough evidence of its origin.

Belarusian company starts proceedings on LatRosTrans oil pipeline ownership rights

The Belarusian company Družba has started legal proceedings on the oil pipeline Polock - Ventspils ten millions of lats worth technological oil ownership rights, on which SIA LatRosTrans has also laid a claim.

LNT Chairman Rudolf Meroni: the Latvian State must protect its national interests

Rudolf Meroni, the Chairman of the Supervisory Board of Latvija naftas tranzīts (LNT) the second biggest Ventspils Nafta shareholder cannot understand, why the Latvian government does not defend the national interest and resources in the case of the LatRosTrans crude oil pipeline.

Latvian companies total loss in 2009 - 754 million lats

Economically active businessmen losses after tax reached 754 million lats in 2009, according to the Central Statistical Bureau (CSB) data.

Builder: poor use of EU co-funds hinders construction revival

If all the money provided by the EU structural funds in Daugavpils was made use of, each and every builder in the city would be employed. Unfortunately this money is not used enough due to lacking co-financing or other reasons, told Daugavpils construction company SIA Gādība Executive Director Jevģēnijs Vasiljevs.