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Changes in brewery SIA Valmiermuižas alus ownership structure
Beer producer SIA Valmiermuižas alus has introduced certain changes in its ownership structure, according to SIA Lursoft.
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Competition Council imposes 163 130 lats fine on RIMI Group
The Competition Council has found restrictive agreement between RIMI Group companies – SIA RIMI Latvia, SIA Supernetto and SIA Plesko Real Estate – and the commercial space lessor SIA Marno J, the CC informed the business news portal BNN.
SAF Tehnika to establish a joint venture in Middle East
The telecommunications equipment manufacturer AS SAF Tehnika has concluded an agreement with the Saudi Arabian company Najahat Development&Investment on setting up a joint venture SAF Tehnika Middle East.
NP Foods turnover last year – 53.3 million lats
In 2010, the food company NP Foods turned 53.3 million lats. Costs efficiency promotion and optimum product portfolio maintenance enabled boosting profitability 50%.
Equipment weight restrictions hamper spring sowing
Although spring sowing time has already started, work is hindered by equipment weight restrictions and lack of seeds, the owner of farm Joži Gunvaldis Sproģis indicates.
Eggs, mayonnaise and Easter decorations sales spike at supermarkets
Since the Easter is celebrated by the majority of people, the Latvian supermarkets predict a surge in the overall sales volume during these holidays. Traditionally, the increase is observed in different food groups – mostly for eggs.
Tele2 EBITDA profit shrinks 13%
In the first quarter of 2011, the mobile operator Tele2 turnover amounted to 20.6 million lats, while the operating profit or EBITDA* comprised 6.8 million lats.
Stendera ziepju fabrika changes its name to boost exports
In relation to the export development plans and assortment extension, SIA Stendera ziepju fabrika name has been changed to SIA Stenders.
Brewery Aldaris profit drops to 1.11 million lats despite growing turnover
Latvian brewery Aldaris concluded 2010 with 1.11 million lats profit, 320 thousand lats less than a year before, despite the company's turnover grew 4.82 million lats, hitting 32.2 million lats.
Parex Bank faces «obstacles» in syndicated loan repayment
Due to the objections of the international lenders, Parex Bank will have to seek for other ways to settle its 164 million lats syndicated loan.
Latvian companies to supply food to NATO soldiers
Twenty nine Latvian companies will supply products to NATO forces in Afghanistan. The total sum of the contracts on food supply now reaches about a million US dollars.
Olainfarm sales spike 28%
Medicines manufacturer Olainfarm sales have surged more than 28%, hitting 7.84 million lats, compared to the performance a year before, according to the companies provisional data on the first quarter of 2011.
100 leading companies ensure all Latvian exports
Last year 100 leading Latvian companies exported production totalling two billion lats, which is nearly a half of Latvia's total export in 2010, according to balticexport.com study of the Central Statistical Bureau and firmas.lv data.
Sugar production-oriented company established in Latvia
In order to produce sugar, the Russian national vodka Samogon manufacturer has set up a company Jelgavas cukurs.
Baltkom and Izzi talks to continue on who acquires whom
A peculiar situation has occurred regarding the much discussed deal between the telecommunications and cable TV operators Izzi and Baltkom. Negotiations between the two companies have not halted, however, now they both have to agree on who acquires whom.
May 23 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
PAA bath manufacturer modernizes production plant and creates Silk Stone material
Oil deposit exploration in Latvia's waters; project managed by people close to Lembergs
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
Latvia's living costs reach record high level
May 16 in pictures
Gold shipment worth EUR 483,000 lost in Miami
Petrol price fixing scandal: oil giant bosses to be jailed if found guilty
French President: austerity endangers EU
The most horrifying industrial disasters of all time
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 22 in pictures
May 21 in pictures
May 20 in pictures
Photos of the week, 2013.05.17.
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