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Ceturtdiena 19.07.2018 | Name days: Jautrīte, Kamila, Digna

Russian investors boost bank balance

Thanks to the interest from the part of Russia, the situation with real estate loans in Latvia is improving. At the same, banks forecast there will still be problems with consumption credits.

Disabled people might have to choose – pension or benefit

From now on people with disabilities might have to make a choice – whether to receive a disability pension or unemployment benefit in case of job loss, according to the proposal by the Welfare Ministry whose officials indicate disabled people should receive only one benefit.

Olainfarm sales surge over 65% in April

The medicinal and chemical-pharmaceutical product manufacturer AS Olainfarm's provisional April 2011 performance indicate that product sales have surged 65%, compared to the same period last year, totaling 3.38 million lasts (4.81 million euro).

Expert: quality work environment is important for Latvia population

The most important condition in the context of Latvia’s long-term business development is a good work environment and care of employees, believes the majority or 61% of economically-active residents of Latvia, aged 18 to 55.

SAS Group loses 43 million lats in first quarter

Scandinavian airline SAS Group concluded the first quarter of 2011 with 43.4 million lats in losses (554 million Swedish kronor) before tax, the company's representative Elīna Vītiņa informed the business news portal BNN.

Latio: standard apartments segment sees growing activity

Square meter price of a standard apartment in Riga grew two euro in April, totalling 583 euro. All in all, standard apartment price level has remained flat for some period of time already, according to real estate company Latio.

88% of Latvians do not approve of government’s performance

Despite the people of Latvia assess the performance of the government more critically than before and believe the state administration endangers the economic welfare, at the same time they are confident the government will boost the development of the country in future.

Finance Ministry plans to boost EU fund agreements 90%

As of May this year the volume of approved European Union fund projects and agreements can be assessed positively and it is expected by the end of 2011 the proportion of them against the EU funding will comprise about 90%.

State Audit Office discovers infringements in most of Interior Ministry institutions

Latvia State Audit Office's (SAO) report On correctness of preparation of the annual report for 2010 of the Interior Ministry (IM) describes a number of infringements in the most of IM establishments and the Ministry itself as well.

Latvia could restrict cash transactions above 3 000 lats

Amendments to the law on taxes and duties to be reviewed this week in the state secretaries meeting provide restricting legal persons' cash transactions above 3 000 lats.

Mortgage Bank profit hits 2 million lats this year

Latvijas Hipotēku un zemes banka concluded the first four months of 2011 with a profit of 2 million lats, the bank’s spokeswoman Sandra Eglīte informs the business news portal BNN.

Expert: Baltic insurance market resumes stable growth

Compensa Life Vienna Insurance Group SE in the Baltics written premiums in 2010 amount to 17 million euro, 3% more than a year before, which suggests stable growth has resumed in the Baltic insurance market.

Danske Bank profit this year – 948 000 lats

This year, Danske Bank's first quarter profit before corporate income tax deduction comprised 948 000 lats, while the number of clients – 12 751, surging 11%. In the same period last year, the bank's losses accounted for 1.312 million lats.