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Monday 28.05.2018 | Name days: Vilhelms, Vilis

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.

Haul reduction to increase canned fish price

The European Commission (EC) decision to reduce the Baltic herring and sprat haul, at least by one-third, could lead to an increase in the canned fish prices.

Latvia recommended learning from Estonians

Latvia’s achievements in the private sector are very good; however, the country could learn many useful things from its neighbouring country – Estonia, believes Edward Lucas, the central and east European region correspondent and deputy editor of The Economist.

Expert: joint-stock shareholder register keeping practice is at low level

The practice of monitoring private joint-stock companies shareholders register is at a low level and could be compared to keeping money in a flowerpot, believes the Board Member of Latvian Central Depository (LCD) Raitis Vancans (Raitis Vancāns).

Analyst: re-recession in US would affect Latvia

US economical indicators that have turned out to be weaker that it was expected may suggest that there could be another recession in the United Sates (US) that would affect also Latvia.

Milk price to increase

Travel agencies lose 10-15% of clients

An increasing number of tourists book trips on the Internet without using travel agencies services, which means that the agencies have lost about 10-15% of clients in the recent years.

Kampars: innovation and competitiveness affects the economic development

The sustainable economic development of the Baltics will depend on the ability to promote the innovative potential and competitiveness, both in the domestic and global market, indicates the Minister for Economics Artis Kampars.

Banks warn about payment card scams

This week, banks have warned several traders that in the Latgale and Zemgale region a gang of fraudsters have appeared that settles payments for the acquisition of goods or services with counterfeit cards.

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