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Tuesday 25.09.2018 | Name days: Rauls, Rodrigo

Latvia's new strategy with EBRD to be clear in September

Latvia's new strategy with the European Bank for Reconstruction and Development will be developed by September this year. It will set the key priorities for future collaboration, Baiba Melnace, head of Finance Ministry Communication Department told the business news portal BNN.

Cido Group losses hit 1.24 million lats

Cido Group net losses of 2010 amount to 1.24 million lats, mostly driven by 0.4 million lats real estate value drop and depreciation of fixed assets - 1.95 million lats.

Average standard apartment prices stable for second consecutive month

The average prices of non-renovated standard apartments in Riga have maintained the previous month’s indicator – 577 euro/ m2 – for the second time this year.

Two and three-room flats most demanded on Latvia rental market

This April rental market reported the biggest demand for furnished 2-3 room apartments in Riga centre renovated buildings, with the average price of 400 – 500 euro a month for a two-room apartment and from 500 – 600 euro a month for a three-room flat.

Household electricity consumption drops 3%

Last year, the electricity production amounted to 6 627 Gigawatt hours – 19% more than in a year before.

Unauthorized sales of Latvia’s artefacts on Ebay

Antiquities found in Latvia are being illegally sold on the auction site, while the Latvian Public Administration of Cultural Heritage is powerless against such trade.

Parex Bank indicators – neither good, nor hopeful

It is likely that this year the overdue loans of 600 million lats will keep bringing loses of tens of millions of lats for Parex Bank, further reducing its already small capital.

Economists: banks unlikely to push interest rates below 1%

It is unlikely in near future, while the state is struggling with the consequences of the economic crisis, Latvia could return to the fat years scenario with banks reducing interest rates on mortgage and consumption credits below 1%.

Proceedings initiated after municipalities complaints on Latvenergo tariffs ended

Administrative District Court has ended all proceedings initiated after municipalities complains about the new Latvenergo electricity tariffs, says Līga Trubiņa, assistant of Administrative District Court Chief Justice.

Riga City Council opposition: unfinished municipality residential buildings are collapsing

Defects have been found in 31 apartments in the new residential building complex at Ulbrokas Street, in Riga, which was put into operation on February 16, this year.

«Green car» market prospering

While the «green car» market is still small, leasing companies support financing such purchases, believing hybrid cars will play a major role in the future.

Stock exchange removes Parex Bank’s surveillance status

Along with Parex Bank’s submitted audited 2010 report, the stock exchange NASDAQ OMX Riga Board decided to cancel the surveillance status, according to the data published by the bourse.

Customs Criminal Investigation Director banned from communicating with press

Marjans Burijs, Director of the Customs Criminal Investigation Board, has been ordered not to communicate with the press. The State Revenue Service Director General Nelija Jezdakova has prohibited him to have an interview with the newspaper Neatkarīgā Rīta Avīze.

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