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Monday 24.09.2018 | Name days: Agris, Agrita

Pipeline Polock – Ventspils «black gold» likely a contraband

Problems might arise with the pumped buffer-oil sale, because there is not enough evidence of its origin.

Belarusian company starts proceedings on LatRosTrans oil pipeline ownership rights

The Belarusian company Družba has started legal proceedings on the oil pipeline Polock - Ventspils ten millions of lats worth technological oil ownership rights, on which SIA LatRosTrans has also laid a claim.

LNT Chairman Rudolf Meroni: the Latvian State must protect its national interests

Rudolf Meroni, the Chairman of the Supervisory Board of Latvija naftas tranzīts (LNT) the second biggest Ventspils Nafta shareholder cannot understand, why the Latvian government does not defend the national interest and resources in the case of the LatRosTrans crude oil pipeline.

Latvian companies total loss in 2009 - 754 million lats

Economically active businessmen losses after tax reached 754 million lats in 2009, according to the Central Statistical Bureau (CSB) data.

Builder: poor use of EU co-funds hinders construction revival

If all the money provided by the EU structural funds in Daugavpils was made use of, each and every builder in the city would be employed. Unfortunately this money is not used enough due to lacking co-financing or other reasons, told Daugavpils construction company SIA Gādība Executive Director Jevģēnijs Vasiljevs.

Gasoline price hits new record in Latvia

Gasoline prices in Latvia continue climbing and surpassing all the previous price records. Today, December 8 retailer Latvija Statoil filling stations report 95 octane gas price - 81.4 santims per liter.

412 new companies registered in Latvia

Last week 412 new merchants were registered in Latvia, which is 29 less than a week ago. The majority - 336 were limited liability companies, 33 - individual merchants, while 29 - associations.

Prieditis: negative attitude hampers recovery

It was very difficult to survive the construction material business bankruptcy; yet, at the same time there were many things to learn, appreciate and understand, admitted the Co-owner and Director of the already liquidated Tapeks empire Vilnis Prieditis. Despite the fact that he often encounters negative attitude, the businessman is again planning new projects.

Factoring for Latvian businessmen – hardly available also in long term

Foreign business deals with Latvian companies will still be constrained by the state’s high risk of credit risk insurance.

Standard & Poor’s rises Latvia credit rating

Rating agency Standard and Poor's has announced that it was rising Latvia credit rating from BB to BB+, while maintaining a stable credit rating outlook, the business portal BNN was informed by the Ministry of Finance.

Export grows by 30.7% over year

Similarly as the third quarter GDP data, the external trade data also indicate unexpectedly positive performance. In September, Latvia’s export volumes reached new, unprecedented heights, reporting 460.7 million lats, which is by 30.7% more than in September last year.

Industrial production output grows by 1.2%

October this year reports industrial production output at constant prices - 384.9 million lats.

RIGIBOR – smaller than EURIBOR

In late November, the three-month RIGIBOR fell to 0.82% mark; consequently, the three-month RIGIBOR rate is smaller than the three-month EURIBOR rate, which is uncharacteristic, because historically RIGIBOR has almost always been above EURIBOR rate.

Specialists: cloud computing could save 10%–40% from company’s IT costs

The transfer to remote, hosted information technology services or cloud computing could save in the long term from 10% to 40% of IT related costs, such opinion was expressed during IT sector specialist discussion, which was organised by the business portal Nozare.lv.

Construction costs rise by 0.4% in Latvia

October 2010, compared to September, reports 0.4% construction costs rise in Latvia. Workers pay rose by 1.4%, while machinery and mechanisms maintenance and exploitation costs fell by 0.6%.

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