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Sunday 18.03.2018 | Name days: Ilona, Adelīna

Economists: the set course should remain flat after elections

In order to avoid Latvia’s economic stagnation, after the elections the set economic course must remain the same, considers the Latvian and foreign experts.

Berzins: surprises may occur after the elections

It is possible that there might be few surprises after the elections; however, it depends on the election results, believes the Chairman of Saeima Budget and Finance Committee Guntis Berzins.

Dombrovskis: Latvia daily spends 2 million lats more than it earns

The budget deficit still remains high in Latvia. We spend two million lats more than we earn every day, said the Prime Minister Valdis Dombrovskis.

Flick can only be dismissed by his own company

With compliance of the shareholders agreement Bertolt Flick can only be dismissed or elected by the company Baltijas aviācijas sistēmas that he himself owns, which means that the state's control in this matter is limited.

New competitor of Lattelecom

Information technology and Internet services provider SIA Kurzemes datorcentrs, promises to compete with Lattelecom in Kurzeme region by offering interactive television next year.

Banking sector losses in late August – 299.2 million lats

During the first eight months of 2010, seven Latvian banks and two foreign bank branches operated with profit, in total earning 7.1 million lats; however, at the end of August, the total volume of loss in the banking sector amounted to 299.2 million lats.

Export growth to slow next year

Considering that the growth in demand in world markets at the end of the year and further is predicted to be slightly slower, the speed of export growth will decrease as well.

Severstaļlat acquires Finnish export market

Latvian metal manufacturing and trading company AS Severstaļlat participates in the Finnish annual international exhibition Alihankinta 2010 for the second time already.

Producer price level increases by 0.6%

In August 2010, the overall producer price level in the industry of Latvia, when compared to July, has increased by 0.6%, suggests the Central Statistical Bureau data (CSB).

Soros wishes to acquire part of airBaltic shares

The world-famous financier George Soros has expressed his wish to obtain part of the Latvian state-owned company Air Baltic Corporation share.

Swedish coffee «giant» acquires SIA Melnā kafija

Latvian producer of coffee SIA Melnā kafija has been acquired by the Swedish company Lofberg Lila. This might be the first transaction of such a scale in Latvia this year, which is not connected with the crisis and the sales result is attraction of a strategic investor.

Price of 30% goods changes monthly

The Bank of Latvia estimates that the price of every third item in Latvia changes monthly, indicating that, unlike the previous year, when prices fell, now they have resumed to rise.

Among three major insurance companies only BTA profit increases

The three major non-life insurance companies in Latvia – BTA, Gjensidige and Balta – in total gained 7.46 million lats profit in the first half of 2010, which is by 20.6% less than in the corresponding period of 2009.

Some banks do not need lats

Stadler's only competitor - Spanish company

Spanish enterprise Construcciones y Auxiliar de Ferrocarriles SA (CAF) is the only competitor of Stadler Bussnag AG (Stadler) in AS Pasažieru vilciens (PV) organized tender in value of 144 million lats, informed the head of the Hungarian branch of Stadler Zoltan Dunai who is in charge of the company entering the Latvian market.

Gwilliam: state money recovery will be a miracle

Real estate credits and immovable property form the greatest part of Parex Bank assets; if we manage to recover state investments in Parex, it will be a miracle, told the new CEO of Parex Bank Christopher John Gwilliam.

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