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Friday 20.04.2018 | Name days: Mirta, Ziedīte

Members of the European Parliament propose avoiding «trade wars»

MEPs emphasized in debates regarding the trade restrictions imposed by USA that European Union should not get involved in a trade war, and be ready to protect its citizens, as BNN was told by EP Information office in Latvia.

Changes to natural gas tariffs in Latvia; bills expected to increase

New natural gas transmission system tariffs will allow more efficient use of connections, said chairperson of Latvijas gāze’s subsidiary Gaso Ilze Pētersone-Godmane in an interview to Latvijas Radio on Wednesday, 14 March.

MEP: Baltics have to do their homework in Rail Baltica project

Baltic States have to do a considerable amount of homework in relation to Rail Baltica project. Some of the homework should be done within weeks and months, says member of the European Parliament Roberts Zīle.

Expert: there are two extremes observed in financial markets

There are two extremes currently observed – on one hand, there are very positive economic trends observed around the world, but on the other hand, there is also the continued growth of interest rates accompanied by nervousness among investors, says Luminor Deposit Advisory Office manager in Baltic States Anželika Dobrovoļska.

Baltic railway companies agree on creation of a unified container train route

On Monday, 12 March, a meeting was held among the heads of Latvia’s, Lithuania’s and Estonia’s railway companies for the first time. Officials discussed the organization of an inter-modal Amber Trail container train route, as reported by Latvijas dzelzceļš.

Bank: Latvia’s exports on the rise in a time when the world is worried about trade wars

«Although the export year commenced with a high jump, it is not possible to hold such a high bar throughout the entire year. Growing external demand will help, considering stable economic growth in our partner countries,» predicts Swedbank economist Agnese Buceniece.

Maxima Latvija to invest EUR 1.3 million in self-service checkouts

Maxima Latvija plans to continue developing its self-service checkout services in 16 stores across Latvia, as BNN was informed by the company.

Rīgas namu pārvaldnieks’ profits declined 19.5% last year

According to provisional data, turnover of Rīgas namu pārvaldnieks was EUR 55.098 million in 2017, which is 6.6% less when compared to 2016. Company’s profits declined by 19.5% to EUR 407,023, as detailed in information published by the company.

Strike in HKScan's meat factory in Estonia continues for month

In the Estonian Rakvere Meat Processing Plant, owned by Finnish HKScan, a strike has been continuing for a month and the plant's management has not clarified whether or not it would raise wages to strikers.

In support of Baltic micro-businesses, EU guarantees 123 million euros in loans

To improve access to business loans for micro-businesses in the Baltic states, the European Investment Fund has concluded a deal with Swedbank have signed a micro-finance agreement to ensure EUR 123 million in financial support in line with the EU Programme for Employment and Social Innovation.

Lithuania prepares digital coin for collectors

The Bank of Lithuania announced that it will release a crypto coin aimed at numismatics' enthusiasts some time in 2017 and the virtual coins will not be meant for use in circulation or employed as a recognised medium of payment.

Volume of energy realized by Enefit in Latvia grew 15% in 2017

Enefit reached stable growth indexes in Latvia’s gas market in 2017, concluding the year with 23.5% growth of profits and an expanded customer portfolio.

First Baltic fin-tech accelerator opens up

Swedbank headquarters in Riga has become the home for B2B accelerator Startup Wise Guys start-up support programme. Nine start-ups from nine corners of the world were picked from 80 contenders, as reported by Swedbank representatives.