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Friday 22.06.2018 | Name days: Ludmila, Laimdots, Laimiņš

Export in Latvia hits a new record

The growth in export, broken down by year, has hit a new record, but the increase in the external environment is not as favourable as it was at the beginning of the year, believe the economists.

Export grows by 28.3%, import - by 15.7%

In the first eight months of the present year, export has reached 2.86 billion lats, which is 28.3% more than in August, 2009. While import forms 3.55 billion lats, which is 15.7% more than in the previous year.

Invitation to participate in Brave Idea Support Programme

The competition Brave Idea Support Programme is being organized, during which the most innovative business idea authors will be awarded financial support and given valuable expert advice.

Lattelecom profit decreases by 31.8%

The consolidated profit of the telecommunications enterprise Lattelecom in 2009 after the tax deduction accounted for 20.26 million lats, which is about 31.8% less than in 2008, when the concern earned 29.7 million lats.

Food producers abroad pushed out by local protectionism

Several Latvian food industrialists have experienced considerable protectionism abroad, promoted by the local producers.

Oil and fuel price to grow

Although other European countries are not witnessing sharp price climb, fuel in Latvia has become more expensive, as it is influenced by the oil price increase in the global Stock Exchange.

TM Security loses security company license

The security company TM Security, which has been involved in several scandals, has lost its security company license.

Is latvian lawyer Martins Kveps master of falsified shareholders' meetings?

The Dutch Investment Company Geit B.V., one of the largest foreign investors in the Port of Ventspils, filed two criminal complaints against the notorious lawyer Martins Kveps for falsifying two Shareholders’ Meetings of AS Kalija Parks and AS Ventspils Commercial Port.

airBaltic makes advance payment for airport's services

The national airline airBaltic has made the requested advance payment for the services provided by the Riga International Airport.

Gazprom may be interested in Latvian electricity market

The gas supplier Gazprom is likely to have interest in the Latvian electricity market, which is connected with AS Latvenergo business, assumes the representative of Russia’s power supply enterprise in Latvia Yevgeniy Roldugin.

Bankers receive the highest wages in Latvia

In Latvia, the financial and insurance sector workers receive the highest salaries – their wages are approximately two times higher than of those employed in the education sector and about three times higher than of those working in the hotel and restaurant business.