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Ford plans to shut all Australian production by 2016
US car giant Ford Motor will shut all its Australian manufacturing plants by October 2016, after more than 85 years of making vehicles in the country.
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PhotoMan killed in London machete attack
Vulvičas rajonā Londonā politisku iemeslu dēļ ar mačeti nogalināts cilvēks, policija sašāvusi un ievainojusi divus aizdomās turētos.
VideoEU leaders see progress on lifting bank secrecy
EU leaders in Brussels for a special summit on tax evasion and fraud hailed new political momentum on the issue, but few concrete measures were agreed to recoup the estimated €1 trillion yearly in lost revenues.
U.S. stock futures advance
U.S. stocks futures were trading in a narrow range on Wednesday, May 22, morning, but with the major pre-market indexes seeing slight gains.
Latvian commercial banks create joint enterprise
On Wednesday, May 22, the Enterprise Register of the Republic of Latvia registered a joint company - Kredītinformācijas Birojs – founded by a number of Latvian commercial banks – SEB bank, Swedbank, Nordea, DNB bank, Citadele bank and ABLV Bank. The goal of the newly founded enterprise is to have it function as a credit bureau.
Energy and taxes to be discussed in EU summit
EU heads of state and government are convening in Brussels to enhance energy market and limit tax avoidance.
Average income per capita in the Baltics exceed pre-crisis peak
The Baltic States continue to come close to the average level of the European Union – in the middle of 2011, the average income per capita in the Baltic states were above the peak of the pre-crisis period.
SEB: there is a 50% chance Lithuania will be eligible for Euro in 2015
The Baltic States have been the most rapidly growing economies in the European Union lately, and they can retain their positions in the future as well. Economic growth in Latvia and Lithuania is expected to slow down this year. That in Estonia will remain unchanged – 3.3% respectively.
Apple and other great American companies that keep mountains of cash overseas
Apple found itself in front of a Senate Subcommittee Tuesday, May 21, defending its elaborate practice of keeping cash offshore in order to minimize their tax liability. But Apple is far from the only company that does this.
Oklahoma tornado: a lucky mistake in death toll
Oklahoma state officials have corrected the previously announced number of storm victims down from 91 to 24.
Ilves: Estonia is a world power in IT
Estonian President Toomas Hendrik Ilves who is on a working visit to the UK to attend the Google conference Zeitgeist 2013 said in his speech that IT solutions have made Estonia a world power in terms of IT.
Oil deposit exploration in Latvia's waters; project managed by people close to Lembergs
The company responsible for oil deposits surveying in the Baltic Sea in Latvia's economic zone near Liepaja – Balin Energy with its Ocean Nomad drilling platform has reached 525 m depth below sea level.
EU bathing water continues to improve
The latest data on EU bathing water quality has been released, showing 93% of sites meet the minimum standards.
Cypriot banks launder money, leaked EU report reads
It has been unveiled in a leaked EU report that close to 60 percent of the clients of a Cypriot bank are «high risk» as regards money laundering and a large part of all bank depositors' files present errors.
Apple has avoided paying billions in U.S. taxes, investigation unveils
U.S. Senate has released a lengthy report outlining the corporate strateges the hi-tech giant has employed to avoid paying billions in U.S. taxes.
Latvian entrepreneurs have the longest hours in the Baltics
Compared to their colleagues in Estonia and Lithuania, Latvian businessmen are used to working longer hours. At the same time, they devote less time to physical activities than their counterparts in Estonia, even though they are more active than Lithuanians.
Photos of the week, 2013.05.24.
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
Oil deposit exploration in Latvia's waters; project managed by people close to Lembergs
Friendship with Unity – the only thing that keeps Prudentia afloat?
Prudentia distances from the consequences of the advices it once gave
LHV bank to take over Snoras Leasing
PHOTO: Gumball 3000 lifestyle rally in Riga
More than 20 000 enthusiasts to run in the Nordea Riga marathon
Economy Minister: Russian business interest increases in Latvia
500 kg large aircraft bomb found at Ventspils port
Apple and other great American companies that keep mountains of cash overseas
May 21 in pictures
Tornado in U.S. moves on reaching 320 km/h in Oklahoma City
Dolphin finds rare torpedo
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 23 in pictures
May 22 in pictures
May 20 in pictures
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