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Tuesday 20.02.2018 | Name days: Smuidra, Vitauts, Smuidris

Parex Bank shareholders ask Constitutional Court to assess Credit Institutions law

Eight foreign companies, indicating they once owned 8.4% of AS Parex bank capital, have applied to the Constitutional Court (CC).

Association: lack of processing hinders profitable biological products business

The prospective business of biological or ecological agricultural sectors are halted by the lack of product processing, said the Chairman of the Association of Latvian Organic Agriculture Board Gustavs Norkarklis.

Businessmen: economic growth impossible without crediting

Latvian economic growth is impossible without crediting, different industries representatives are convinced.

Insurance companies clients paid 96.3 million lats this year

During the first nine months of 2010, the Latvian insurance company customers have received 96.3 million lats in claims, which is by 26% or 34.1 million lats less than during the corresponding period last year.

Latvijas Finieris shares purchase resembles slipping on a banana peel

Latvijas Finieris is a wood-processing enterprise that is one step further in its product development than the standard product manufacturers. Therefore, the Russian company Sveza objective is to, without introducing any changes, utilize LF system, which is quite unique and its establishment requires 10 – 15 years.

Economist: crediting restart depends on the new government formation

The restart of crediting depends on the formation of a stable and predictable new government, 2011 budget adopting and the market participants’ reaction to these events, considers the economist at the Bank of Latvia Vilnis Purvins.

Balticovo plans becoming Northern Europe leading egg producer

Balticovo, which has enrolled in a competition The Most Export Capable Trader, has invested more than 20 million lats in product innovations and development, which has also affected the company's export growth.

Entrepreneurs: Latvia has to improve renewable energy policy

Even though the renewable energy in Latvia has future and an enormous potential, currently, there is a lack of investments, or they are not discussed sufficiently enough, assert the entrepreneurs.

Struggling companies not to receive state guarantees anymore

Starting from November, the Latvian Guarantee agency will stop issuing guarantees for troubled businesses’ loans, according to the government’s decision that was adopted today, October 19.

Price climb propels inflation

Price climb will foster inflation and emptiness of consumers' pockets, show market and economy experts forecasts.

Foreigners continue buying out Latvian forests

Top 25 major forest owners list included only 9 foreign companies a year ago, the current number is 12.

RSK to finally settle debts

Since the auction of the building situated at Lāčplēša Street was completed successfully, AS RSK apdrošināšana (RSK), which will be liquidated soon, will be able to meet all the creditors’ requirements in compliance with the liquidation process plan, points out the company’s representatives.

Tele2 Head: long-term investments in state development necessary

If residents might consider short-term solutions, the government cannot afford such luxury, said Tele2 Head Valdis Vancovičs (Valdis Vancovičs).