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Wednesday 18.10.2017 | Name days: Rolanda, Rolands, Ronalds, Erlends

Saeima Commission: government to borrow only with Saeima permission

In future if the government plans undertaking considerable liabilities, it will have to be granted the Saeima permission; Budget and Finance (Taxes) Commission of the Saeima supported amendments on Budget and financial management law provide this.

Major German bank to advise the Latvian government

The German development bank KfW Bankengruppe will give advice to the Latvian government on the business activity support enhancement, the Head of the Ministry of Economics Public Relations Department Evita Urpena informed the business portal BNN.

Latvijas Finieris shares purchase resembles slipping on a banana peel

Latvijas Finieris is a wood-processing enterprise that is one step further in its product development than the standard product manufacturers. Therefore, the Russian company Sveza objective is to, without introducing any changes, utilize LF system, which is quite unique and its establishment requires 10 – 15 years.

Economist: crediting restart depends on the new government formation

The restart of crediting depends on the formation of a stable and predictable new government, 2011 budget adopting and the market participants’ reaction to these events, considers the economist at the Bank of Latvia Vilnis Purvins.

Only Latvia submits all huge ES funds projects

Currently Latvia is the only one of the European Union (EU) member states to have submitted all planned 2007-2013 Cohesion Fund (CF) projects applications for the European Comission (EC) approval, according to the latest EC data.

ME: House managers do not work with debtors

The Ministry of Economy has concluded that house managers at many local governments do not work with debtors actively enough in order to recover debts.

Balticovo plans becoming Northern Europe leading egg producer

Balticovo, which has enrolled in a competition The Most Export Capable Trader, has invested more than 20 million lats in product innovations and development, which has also affected the company's export growth.

Bank of America loses 7.3 billion US dollars

The US major bank Bank of America has reported an operating profit loss in the third quarter, although the revenues are only slightly smaller than the figures of the previous quarter.

Entrepreneurs: Latvia has to improve renewable energy policy

Even though the renewable energy in Latvia has future and an enormous potential, currently, there is a lack of investments, or they are not discussed sufficiently enough, assert the entrepreneurs.

Struggling companies not to receive state guarantees anymore

Starting from November, the Latvian Guarantee agency will stop issuing guarantees for troubled businesses’ loans, according to the government’s decision that was adopted today, October 19.

Japan’s economy – paused

The Japanese economy has currently halted due to the increasing concerns about the strengthening of yen, indicated the Japanese government.

Russians buy vodka and caviar only - business needs to be West-oriented

Foreigners suggest Russian businessmen focusing on the West more, because they believe Russians themselves buy vodka and caviar only.

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