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Sunday 24.06.2018 | Name days: Jānis

Latvian goods hardly stand out at Moscow stores

When searching for the Latvian goods at Moscow’s supermarkets, one can admit how useful would Rīgas marka or other recognizable brand introduction be, in order to distinguish goods produced in Latvia from the overall product assortment.

Businessman: Swedbank might be lobbying Denmark’s interests

The Danish businessmen who had obtained commercial information only known to Swedbank, expressed interest in buying the pig farming complex Vaiņodes bekons established by the entrepreneur Andris Griģis, claims the owner of the company A/S Tak-G shareholder Ēriks Štālbergs.

Estonians get Riga maternity house

Estonian company Eesti Energia subsidiary in Latvia SIA Enefit has won Riga municipality's organized procurement tender on Riga maternity house electricity purchase in 2011.

Foreign investors give up, while local company continues to fight

The Norwegian company SIA Baltic Pork declined the proposed construction of farm of 3 000 pigs due to Malpils’ inhabitants negative reaction, although the implementation of this project would create at least 30 new job positions.

Producer price level in manufacturing – down by 0.2%

In November 2010, the overall level of producer prices in the Latvian manufacturing industry has gone down by 0.2%, compared to October.

Russia keeps hand on Baltics’ pulse

It is not excluded that the electricity prices for the Baltic States’ residents will be determined by the Russian power utility owners. For instance, already now the Russian power utility Inter RAO is rapidly and extensively constructing new plants at Lithuania’s border.

Residence permits attract foreign buyers

Since the amendments to the law On Immigration have been carried out, 66 foreigners have applied for a residence permit in Latvia on the basis of real estate purchase.

New bureaucratic maze for passenger car drivers

Limited VAT pre-tax deduction by 20% for passenger car maintenance costs will be another bureaucratic maze created by the government, consider several entrepreneurs.

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.

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