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Sunday 25.02.2018 | Name days: Alma, Annemarija

Online book sales rise by 25%

Although people still mainly buy books at stores, this year during the period from July to November, the volume of sold books on the Internet has increased by 25%, compared to the first six months of 2010.

Baltkom and Izzi merger must comply with several conditions

Baltkom and Izzi will be allowed to merge, if they comply with several conditions. They will have to supply services of a specific quality and not to employ predatory pricing policy, the business portal BNN was informed by the Competition Council (CC).

Company from Kuldiga obtains 5.25 million euro loan

A company from Kuldiga region in Latvia SIA Kuldīgas siltumtīkli has obtained a 5.25 million loan from SEB bank for building biomass cogeneration plant, the business news portal BNN was informed by SEB Bank.

Neste to import second generation biodiesel

Soon enough Latvian first generation biodiesel producers might have to seek for other markets, as the second generation biofuel is already nearly on its way to Latvia.

Drop in 500 major EU companies turnover and profit

Five hundred major European companies turnover indicators show more than 16% drop, while profit has fallen by 27% or almost 7 billion euro, according to credit insurance Coface survey Central Europe Economies Top 500.

Unit value of export goods grows by 13.0%, of imported goods – by 12.7%

In the third quarter of 2010, the unit value of exported goods increased by 13.0 % and of the imported goods – by 12.7 %, compared to the corresponding period in 2009.

LatRosTrans starts pumping out the pipeline oil

Having conducted detailed preparation and research work, experts give SIA LatRosTrans the green light to pump out oil of its owned pipeline and to transfer it to a reservoir, the business portal BNN was informed by the company.

Grindeks profit this year - 5.2 million lats

The company Grindeks profit hits 5.2 million lats in nine months of 2010 reporting a triple, compared to the exact period in 2009.

airBaltic advertises at Riga City Council expense

The newly-launched advertisement funded by Riga City Council highlights ten things that tourists should know about Riga, including airBaltic planes, BalticBike, BalticTaxi, as well as ESPA beauty salon.

Latvian Sustainable Construction Council established

This year, on November 26, the Latvian Sustainable Construction Council will be established, the Council’s representatives informed the business portal BNN.

Latvia hotel industry services 29.5% more clients than last year

In the third quarter of the year, hotels and other tourism accommodations serviced 532.4 thousand people or 29.5% more than in the exact period of the last year.

Automobile dealers object to motor vehicles annual duty rise

Latvian Authorized Automobile Dealers Association (LAADA) strictly objects to the Ministry of Finance planned motor vehicles annual duty rise, as well as to tenfold increase of official cars tax.

SRS: summary declarations will be obligatory for businessmen in 2011

Starting from January 1, it will be obligatory for Latvia businessmen to submit information at customs about the goods actual entry or exit to or from the European Union (EU) a particular time in advance, and companies are already ready for that.

Ongoing negotiations on settlement of Latvijas Naftas tranzīts shareholders’ meeting decisions in 2007

Currently SIA Skonto nafta and AS Latvijas Naftas tranzīts is holding ongoing negotiations on the disagreement settlement regarding Latvijas Naftas tranzīts shareholders’ meeting decisions in 2007. For this reason, the civil case hearing has been postponed till March 21, next year.

Latvia can obtain 20 million lats worth pipeline oil

Latvia could claim the technological oil, currently in LatRosTrans owned pipelines, worth at least 20 millions.

Producer price level in Latvian industry drops by 0.3%

Overall producers price level in Latvian industry dropped by 0.3% in October this year, compared to September.

Growing interest of investors from the East, especially, in production industry

Over the recent years, businessmen from the East have been the most active in investing in Latvia; moreover, compared to the «fat years», the number of venture capital investors is growing as well.

Volume of insurers written premiums drops by 18%

During the ten months of 2010, the volume of written premiums by the Latvian insurance companies has dropped by 18% or 41.4 million lats, compared to the corresponding period last year.

Nordic Investment Bank President: investors need railways and motorways

International financial institutions are pleased with Latvia’s results; however, it still has to learn how to draw in the right investors, Nordic Investment Bank President Johnny Åkerholm indicates.