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Wednesday 21.11.2018 | Name days: Andis, Zeltīte

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.

Finns to hire Latvian doctors

The Estonian medical personnel company SPCDoktor has won a tender, obtaining a contract stipulating that the Finnish government will employ six Estonian doctors, who are to work in Finland’s city Jyväskylä clinics. Instead, it was found out that five out of six contracted doctors were from Latvia, not Estonia.

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.

Russian tourists help Estonia’s hotels recover from crisis

The growing number of tourists from Russia is facilitating Estonia’s local hotels survival, and gives hope – one day the industry will be able to increase service prices.

Euro loans are still popular

For several months, the lat interest rates on shorter time-limits were lower than the euro ones. While in terms of loans, the euro is still the most popular currency in Latvia.

Schibsted acquires TVNET

The Latvian Internet portal TVNET announces it has been purchased by a Scandinavian media group Schibsted Estonian branch Schibsted Baltics.

Subsistence minimum rises to 172.28 lats in February

This February, the subsistence minimum increased to 172.28 lats, amounting to 23- month-high, according to the Central Statistical Bureau data.

Newsec: investors from various countries see prospects in Riga property investments

Private investors from different countries are seeing prospects for investments in Latvia’s capital Riga, the real estate company Newsec Latvia Executive Director Olga Kozina concluded last week after the real estate exhibition MIPIM 2011 in Cannes.

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