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Sunday 15.07.2018 | Name days: Henriks, Henrihs, Egija, Egmonts, Egons

Industrial output grew 13.9% last year

Compared to 2009, in 2010 the industrial production output has increased by 13.9%, totalling 4121.1 million lats, indicates the Central Statistical Bureau data.

Business to need hard-working immigrants

By the year 2060 Latvia will have the fastest drop in the number of inhabitants in Europe, according to the European Union (EU) statistics office Eurostat forecasts. While the Latvian economists argue the shortage in labour market will take place already in six to seven years

State securities worth two million lats to be auctioned

Today, February 3, the state long-term fixed-rate bond auction will take place, where securities at the extent of two million lats will be issued.

SEB bank ATM cash deposits surge 53%

Last year reported a considerable surge in SEB bank ATM deposits and withdrawals, cash deposits spiked 53% during the year, reaching 58.5 million lats.

SAF Tehnika turnover spikes 44%

The company SAF Tehnika second quarter unaudited net turnover of the fiscal year 2010/11 totalled 2.97 million lats – 44% more than in the second quarter of the previous FY.

Tverijons calls businessmen's morality and ethics base

Banks are ready to resume lending, but they are not going to make the same mistakes again, points out the Latvian Commercial Banks Association President Teodors Tverijons. He explains «the fat years» accustomed businessmen to developing their business at the expense of money that is not their own.

Ventbunkers will call for the intervention of the Latvian Government regarding Litasco

Negotiations between AS Ventbunkers and the Lukoil subsidiary Litasco did not lead to any result because of the totally unreasonable position of Litasco. Ventbunkers will call for the intervention of the Latvian Government, informs Dr. Rudolf Meroni, chairman of Ventbunkers Supervisory Board.

McDonald's launches three new restaurants in Latvia

Three new McDonald’s fast food restaurants in Riga will welcome visitors this year. Moreover, the company will launch its first restaurant in one of the biggest cities in Latvia as well, thus announcing itself as resolved to conquer also the regions, the company's representatives informed the business news portal BNN.

Latvian ports cargo turnover drops 1.3% in 2010

Cargo turnover at Latvian ports reached 61.16 million tons last year, it is 1.3% less than in 2009. Ships at Latvian ports loaded and transshipped 55.72 million tons of cargo in 2010, surpassing the indicators of 2009 by 3.2%, according to the Central Statistical Bureau.

Olainfarm turnover surges 13%

According to the provisional data, last year Olainfarm’s turnover amounted to 25.2 million lats – a rise of 13%, compared to the company’s turnover in 2009, according to NASDAQ OMX Riga stock exchange.

Construction costs down by 2.7%

Compared to the average level of 2009, in 2010 the construction costs in Latvia plummeted by 2.7%. The most notable drop in the main resource groups was in the maintenance and operational costs of machinery and equipment – by 5.7%. The prices of construction materials fell by 2.3%, while labour remuneration rose by 1.0%.

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