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Tuesday 20.02.2018 | Name days: Smuidra, Vitauts, Smuidris

Number of credidors likely to shrink due to licences

Possibly, the European Commission’s announcement on the initiation of infringement procedure has urged Latvia to more strictly monitor non-banking creditors.

Latvia sees the fastest export surge in EU

Latvian export soared 28% in the first ten months of 2010, compared the exact reporting period in 2009. It is the fourth highest growth in the European Union.

Latvian ports operated with different progress in 2010

Overall in 2010, the Latvian ports handled less cargo than in 2009; however, each of the major ports showed different progress.

Carlsberg: Latvia’s business environment becoming more investment-friendly

Latvia’s export growth, as well as the government’s economic policy has made the local business environment safer and more attractive in the eyes of foreign investors, the Danish company Carlsberg Senior Vice President for the Northern Europe region Jørn Tolstrup Rohde says.

Amigo: our commercials give precise data

The data used in Amigo advertisements are correct. We have only made Bite Latvija published indicators more publicly available; therefore, we encourage competitors to change their current aggressive reaction.

Bite Latvia wants Amigo commercials assessment

Mobile operator Bite Latvija has asked the Consumer Rights Protection Centre (CRPC) to assess Zetcom's pre-paid card Amigo commercials in radio, video and the Internet.

Producer: we risk fragmenting business by diversifying it

There are a lot of things we could produce, but we cannot risk fragmenting the business too much either, says tea Anna Bergmans producer and farm household Upmaļi owner Māra Bergmane.

Several Latvian breweries set for sale

A number of breweries in Latvia have been put up for sale, as evidenced by the adverts published on the Internet.

Experts: Citadele to recover state investments

Bank Citadele will be able to regain the state's invested funds, but it is still a question, whether Parex Bank will succeed as well, says investment company Axio Capital Head Andis Riekstiņš, adding that it will not be easy to recover «the fat years» credits issued against a collateral.

Riga airport passenger turnover grows 15% in 2010

In 2010, the International Airport Riga serviced 4 663 692 passengers – nearly 15% or 597 108 people more than in 2009, when overall 4 066 854 travellers were serviced, the company informs the business news portal BNN.

Latvian economy back on recovery path

Although in 2010 the economic situation was tense and will remain so in 2011, last year was favourable for economics, the experts at SEB banka indicate to the business news portal BNN.

Consumer credit interest rates may drop 2-3% this year

With the competition in the market getting sharper and sharper, this year's interest rates on consumer credits might fall 2-3%, says SIA Board Chairman Anželika Hotelovica.

Minimal growth expects Latvian timber industry

This year will bring only minimal growth to Latvian timber industry, due to full load of production capacity and limited local resources. In order to boost turnover, producers should switch to goods with higher value added, economists are convinced.

Industrial production output drops by 0.3%

In November 2010, the industrial production output at current prices accounted for 373.6 million lats. Compared to October 2010, in November 2010 the industrial production volume has decreased by 0.3%, according to seasonally adjusted data at constant prices.

Long-term gas contracts becoming unprofitable

Long-term gas supply contracts for ten years, where the price is tied to the mazut price with three to nine months lag were once considered as a security guarantee, however, they are becoming unprofitable.