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Monday 18.06.2018 | Name days: Madis, Alberts

Enterprise register sees twice as many companies

In the first five months of 2011, Latvia Enterprise Register (ER) has registered twice a many companies as in the same period in 2010. About 1 535 Ltd. companies were registered monthly from January to late May, compared to 999 Ltd. in the corresponding period a year ago.

Swedbank hopes to list its shares on Baltic Stock Exchange

Swedbank has already previously announced it is willing to list its shares on the Baltic Stock Exchange, most likely, this will be on Tallinn stock market thanks to the euro.

Vattenfall recognized as «worst» nuclear energy company in Europe

According to the United Nations energy agency's report, the Swedish state-owned energy utility Vattenfall has the worst performance among 27 European nuclear operators.

Spilva: it is vital to maintain production

Latvian food producers are actively seeking new export markets, as well as opportunities to boost their sales. While the state should work harder to ensure fair competition, Dana Erciņa, marketing director at SIA Spilva, told the business news portal BNN.

Immigration Law amendments likely to hamper real estate transactions

Amendments to the Immigration Law reveal the cadastral value of a property still tends to differ from the market value. Although up to now the latest amendments have not considerably affected the market, market participants see certain risks.

59% say Latvia should keep its airbaltic shares

59% of all the economically active population in Latvia believe the state should keep its shares in the Latvian national airline airBaltic.

Only three manufacturing sectors exceeded the 2008 performance last year

Although a number of manufacturing sectors are reporting rapid recovery, only three of them have outperformed the 2008 indicators.

Actual salary keeps dropping in Estonia

Despite gross salary started to climb last year after a year-long drop, the actual remuneration, which includes price gains and characterises the purchasing power, is shrinking already for the second year in a row.

Criminal proceedings launched against Elkor for money laundering

According to the Criminal Law Article 195 and 217, criminal proceedings, within the framework of which the police searched the shopping center Elkor chain on June 16, have been initiated for laundering and distortion of accounting documents.

New car registrations - 2nd fastest in EU

The number of new cars registered in the territory of Latvia accounts for the second fastest climb in the EU, totalling 125%, according to European Automobile Manufacturers' Association report, which comprises all EU member states, except for Cyprus and Malta, but includes Switzerland, Norway and Iceland.

Latvian Shipping Company cuts losses 70%

In the first quarter of 2011, Latvian Shipping Company (Latvijas Kuģniecība) and its subsidiaries posted 3.15 million US dollars losses (1.53 million lats), which is 70% less than in the exact period of 2010 with 10.58 million US dollars (5.15 million lats) in losses.

Euro drops on Greece debt crisis

Concern over severe Greece debt crisis, which could fail to round up successfully, has added to dropping euro on the international currency markets.

78% of businessmen check information about partners

Businessmen who do not check their future business partners in advance face financial challenges more often. However, 78% of businessmen in Latvia do carry out such «checks» of their existing and future partners.

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