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1 commentKirov Lipman: I am prepared to attract a strategic investor for Liepājas metalurgs
In order to participate in the saving of Liepājas metalurgs, the government needs a full report of the company's financial state and the removal of the current Board, as LM shareholder Kirov Lipman stated in his letter to PM Valdis Dombrovskis, Finance Minister Andris Vilks, Economy Minister Daniels Pavluts and Chief of State Treasury Kaspars Aboltins.
Lithuania's biggest credit union may become a regular bank
Vilniaus taupomoji kasa may attempt to become the first credit union in Lithuania to transform into a fully-fledged bank. VTK today is the country's biggest and one of the oldest credit unions.
Largest money laundering scheme in Estonia's history; Latvia is involved
Estonian investigators have uncovered a massive Russian, Latvian and Estonian money laundering scheme, which managed to legalize at least 64 million EUR over the last several years.
State Treasury: LM pays back millions to creditors
Liepājas Metalurgs (LM) had performed a payment worth several million LVL to one of its creditors last week, as reported by the Chief of State Treasury (ST) Kaspars Abolins.
SEB group concludes Q1 of 2013 with profits of 1.6 million
SEB Group has concluded Q1 of 2013 with profits of 1.6 million LVL in Latvia. This was mostly due to two factors – low interest rates and the necessity to form additional savings for specific clients.
Swedbank's Q1 2013 profits – 16 million
In Q1 of 2013, Swedbank has earned a total of 16 million LVL, including insurance business. Last year's profits for the same period reached 18 million. This year's reduction is mainly due to lower interest rates.
Producer prices up by 2.2% in Latvia
Compared to February, the overall level of producer prices in Latvian industry in March 2013 increased by 0.1%.
Laima and Staburadze increase export by 22%
The export of sweets produced by Laima and Staburadze increased by 22% in Q1 of 2013, compared to the same period of 2012. The largest export increased is noted in Germany and Israel.
Economic calendar of Latvia. April 22 - 26, 2013
Calendar of economic events in Latvia. April 22 - 26, 2013...
airBaltic's financial losses reach 19 million
Latvian airline airBaltic announces its 2012 audited results. airBaltic has by far surpassed its original business turnaround plans, and is currently on track to reach profitability.
Explosion at Olainfarm pharmaceuticals plant; two injured
On Wednesday, April 17 a toluene vapour-induced explosion occurred at Olainfarm's last year opened nitrofurantoin production department at 09:20 AM.
Latvia's VAT – average to that of Europe
During the economic crisis, many countries relied heavily on indirect taxes, such as VAT and excise tax revenues. The average VAT rate across Europe has increased from 19.5% to 21% in the last four years' time. Nearly one-third of countries secure budget revenue through indirect taxes, and their influence grows.
May 22 in pictures
Riga mayoral candidate. Guntis Belēvičs: bull in a china shop?
Survey: popularity of current Ventspils management is below 50%
Economic Diary: Smash Business with Taxes
Latvia's foreign trade export is growing faster than import
Latvenergo's profits drop by 18.5% in 2012
Slow-down in Estonia’s growth expected
PAA bath manufacturer modernizes production plant and creates Silk Stone material
Paul Krugman declined participation in the First Riga Economic Forum
Friendship between Unity and Prudentia: gigantic losses for state budget
HM: smoking in the presence of a child is considered abuse
Bathing season officially open in Latvia
Latvia's living costs reach record high level
Infographic: How teens' habits threaten the future of Facebook
Bloomberg: The eurozone must be split to save EU
Petrol price fixing scandal: oil giant bosses to be jailed if found guilty
Gold shipment worth EUR 483,000 lost in Miami
May 16 in pictures
Greek politician slaps woman live on TV
Colombia hosts Miss Pole Dance 2012
VIDEO: Airline fined for in-flight bikini show
VIDEO: The birth of a snowflake
VIDEO: World's most dangerous marketplace
May 21 in pictures
May 20 in pictures
Photos of the week, 2013.05.17.
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