Continuing investments in the renewal of its bus fleet, Ecolines has bought ten new buses using funding from Swedbank. The company has bought five Setra S431DT and five Man R08, as BNN was informed by the company.
German Deutsche Bank, which secures US dollar transactions for multiple Latvian banks, has decided to cease relations with banks in Latvia.
March 2017 was the most successful month for terminals working at Ventspils Freeport – a total of 2.6 million tonnes of cargoes were transshipped, which is 21% more when compared with March 2016, as reported by Ventspils Freeport authority.
Compared with December 2016, prices of most food products in Latvia increased in March. Prices declined only for imported strawberries, oranges and smoked ham in the first quarter of 2017, according to information from the Agricultural Market Promotion Centre.
SEB Bank and Altum have signed authorization agreement for the issue of guarantees. This will help the bank speed up the processing of loan requests from small and medium-sized companies, as BNN was informed by the bank.
In the first quarter of 2017, the number of transit and transfer passengers serviced at Riga International Airport increased by 11%, according to data on the airport’s results for the first three months of 2017.
The general mood in industry remains optimistic on the local and export markets, which leads us to believe that February’s slowdown will not have a lasting effect, Swedbank economist Linda Vildava comments data on February’s industrial output.
Tele2 communications operator plans to build at least 60 new base stations across all of Latvia this year. A total of EUR 3 million is planned to be invested in this plan, the company reports.
Estonian entrepreneur has won a trial against the Russian Defense Ministry in a case, where his is defending rights to own real estate in the Russian-annexed Ukrainian peninsular of Crimea.
In the Estonian pork industry, the amount of pigs will not grow in 2017 and to retake the market share lost to imported produce, it would take no less than three years, a meatpacking firm evaluated.