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Friday 20.07.2018 | Name days: Ramona, Ritma
LatviaLatvia

Industrial output surges 4.1%

In June 2011, the industrial production output at current prices formed 400.2 million lats. Compared to May 2011, industrial production in June 2011 rose 4.1%, according to seasonally adjusted data at constant prices.

SEB: housing loans hit early 2009 level

For already a year, a gradual increase in demand for housing loans has been observed. In the second quarter of 2011, new housing loans at SEB Bank rose 39%, compared to the first quarter.

Russian bankers «invasion» in Latvian banking sector to continue

The recently observed rapid activation of the Russian bankers on the Latvian banking market will continue; moreover, experts say it is a positive sign.

Current performance of parties to determine people's choice in elections

About a half (52%) of the economically active population aged 18-55 says it is going to be the current performance of politic parties that will determine their choice in the emergency Saeima elections to take place in the autumn of 2011.

Apple distributor: we don’t see strong gray market in Baltics

We do not see a strong organized gray market in the Baltic States, says Tomas Palšis, director of AVAD Baltic, the information technology company Apple's official distributor in the Baltics.

Collective shopping companies' revenues hit nearly one million lats

In the first half of 2011, Latvia’s leading collective shopping companies’ revenues have neared one million lats. Competition between online sites is currently very sharp. Yet it does not necessarily mean offers of an adequate quality.

Latvia reports biggest industrial producer price surge in EU

Compared to the previous month, industrial producer prices remained stable in the EU and the euro area in June 2011. The biggest month-on-month increase in prices in the EU was reported in Latvia: +1.3%, according to Eurostat data.

Competition-distorting conditions found in retail agreements

It is unacceptable that retailers make up contracts stipulating the supplier to pay back the price gap in cases where it has sold goods to other retailers at a lower price, the Competition Council told the business news portal BNN.

Nordea ATMs to sell concert tickets

Tickets to certain concerts and various events will be available for purchase from Nordea ATMs, moreover, the service will be free of charge for the bank's clients.

!Mooz to take up LIVE RIGA campaigns for 19 000 lats

SIA !Mooz has been regarded the best in Riga Tourism Development Bureau's tender to organize LIVE RIGA autumn, winter as well as 2012 spring and summer advertising campaigns.

69% of Latvia population worried about US possible insolvency

Majority (69%) of the economically-active residents of Latvia, aged 18 to 55 years are concerned about the possible insolvency of the U.S. and its impact on the global economy.

Number of Euroaptieka customers up 8% in first half-year

Over the six months of 2011, the number of Euroaptieka’s clients spiked 8% compared to the same period in 2010, according to the company’s available market data.

Latvia reports fastest rise in commercial vehicle registrations in EU

Over the first half of 2011, the number of new commercial vehicle registrations in Latvia soared 310.4%, which is the most rapid growth in the EU.