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Wednesday 19.09.2018 | Name days: Verners, Muntis

Survey: key banking service for new businesses – Internet banks

At the moment, new businesses are mainly focussed on improving costs and operations efficiency. This is confirmed by the fact that in the survey on banking services businessmen singled out the possibility to use the Internet bank as the most important, Nordea Latvia public relations specialist Juhans Rass told the business news portal BNN.

Competition Council head: fine on banks to reduce payment cards system costs

Although the recent banks agreement on commission payments on settlement with payment cards is not a cartel, the fact it lasted a considerable period of time is not economically grounded, which is why they were imposed the fine, Competition Council board chairman Ieva Jaunzeme says.

Shrinking business sector bad debts

Last year, bad debts recovery of 161 077 627 lats was passed over to extra-judicial debt collection, including 29 605 legal persons (B2B) debts totalling 26 337 603 lats and 389 156 private persons (B2C) debts of 134 740 023 lats, according to Latvian-of-Court Debts Recovery Association data based on information provided by the leading companies of the sector.

Swedbank's employee appropriated money of pensioners and the deceased

The State Police has detained a bank’s employee in Riga, who was born in 1983 and has repeatedly transferred money from deceased persons and pensioners’ accounts to some company’s account, who then transferred the money back to the woman.

Riga Traffic to abandon tire locks in city parking

Limited liability company of Riga municipality Rīgas Satiksme (Riga Traffic) is considering to abandon tire locks in Riga city parking in cases drivers have not paid for the parking space or have parked their cars wrong, Riga Mayor Nils Ušakovs says.

Competition Council fines 22 banks 5.5 million lats for cartel

The Competition Council of Latvia (CC) has imposed 22 commercial banks a 5.5 million lats fine for fixing commission payments on ATM services and credit card payments, the CC representative Inita Kabanova says. Swedbank is fined 2.83 million lats and Citadele bank – 1.22 million lats.

Investors start showing interest in Sāga companies

This year, part of Swedbank’s overtaken furniture manufacturer Sāga Group might see a revival, Swedbank's Board Member Daniils Ruļovs admits.

Spilva’s profit last year – 370 000 lats

In 2010, the company Spilva turnover comprised 11.118 million lats, while profit – 370 000 lats. Moreover, 81% of all the total output last year was produced in Babites region Spilve, informs the company.

Livestock farming grew in 2010

The number of livestock kept in Latvia grew in late 2010: the number of cattle – by 1.3 thousand or by 0.3%, of pigs – by 13.2 thousand or by 3.5%, of sheep – by 6.1 thousand or by 8.7% and the number of goats by 0.3 thousand or by 1.8%.

Growing Russian investors interest in commercial premises in Riga

Early 2011 reported surging Russian investors interest in purchasing commercial premises in Riga and Old Riga, opting for restaurant and shop premises with stable tenants.

ES funds granted for tram infrastructure improvement in Liepaja and Daugavpils

The Transport Ministry has approved two projects to improve the tram infrastructure in Liepaja and Daugavpils. They will be implemented with the European Regional Development Fund co-financing.

Latvia starts Census 2011 second stage with 870 000 households to visit

Today, March 17, Latvia is starting the second stage of population Census 2011 to last up to May 31. Nearly 2 000 interviewers are to visit more than 870 000 households.