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Friday 23.08.2019 | Name days: Valgudis, Ralfs, Vitālijs
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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.

Zatlers supported by 47 Saeima deputies

The President of Latvia Valdis Zatlers is currently supported by 47 Saeima deputies, which is not the majority in the Latvian Parliament. 21 members of the party Unity faction, as well as all the politicians from the association For Good Latvia! are voicing their support, while other parties’ members are still wavering, according to deputies survey by the newspaper Diena.

Loans to be available for every solvent client soon

Although small and medium-sized companies' executives often say the lending in Latvia is too slow; yet, very soon there will be a situation where any solvent client will be able to get a loan, Rietumu banka Council’s Member Aleksandrs Kaļinovskis indicates.

SEB banka branch robbed in Riga

On March 16, SEB banka branch at Mellužu Street in Riga was robbed, the bank’s corporate communications manager Agnese Strazda informed the business news portal BNN.

Mortgage Bank covers all the syndicated loans

The SJS company The Latvian Mortgage and Land Bank has repaid syndicated loans at the extent of 55.5 million euro (LVL 39 mln) from its own funds, The loans were issued by Raiffeisen Bank International AG and Sumitomo Mitsui Banking Corporation.

Zatlers to submit Constitution amendments extending president’s powers

Today, March 16, the President of the Republic of Latvia Valdis Zatlers is to submit Constitution amendments to the Saeima, stipulating more power to the president to nominate candidates for Ombudsman, State Auditor General and Bank of Latvia President posts.

Fitch upgrades Latvia credit rating

Fitch Ratings has upgraded Latvia credit rating with positive outlook, Swedbank senior economist Dainis Stikuts told the business news portal BNN.

Bank of Latvia made no currency interventions last week

Last week, from March 7 to 13, marked the ninth consecutive week the Bank of Latvia has not bought or sold the euro, according to the information on the bank’s website.

CPCB: deputies rent apartments at higher prices than on market

The sums indicated in apartment rental contracts by the Saeima Deputies, who have declared their place of residence outside Riga and have exercised their right to apply for rent compensation, are significantly higher than the real estate rental prices in different Riga suburbs set by real estate companies, the Corruption Prevention and Combating Bureau has concluded.

Banks have no cunning plans in property market

It is wrong to say banks are artificially boosting or reducing real estate prices, because they do not have any cunning plans regarding this sector and they are forced to purchase the pledged properties at very low prices, Rietumu banka Board Member Aleksandrs Kaļinovskis says.

First «students town» underway in Latvia

Riga Technical University is to start work on the first student town in Latvia construction in the spring of 2011. The complex will be called RTU – Pilsēta pilsētā (RTU - Town Within a Town). and it will be located in Riga, Kipsala. Total costs of the project amount to 19 879 035 lats.

Latvia wants Lattelecom profit in dividends

The state of Latvia as the co-owner of Lattelecom will propose paying out the entire 2010 profit in dividends, however, an accept is still needed from the part of the other shareholder - Scandinavian telecommunications concern TeliaSonera, Economy Ministry of Latvia state secretary Juris Pūce told.

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