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Tuesday 19.03.2019 | Name days: Jāzeps

Liepaja and Ventspils collaborate in airports projects development

The local governments of Liepaja and Ventspils intend to sign a cooperation agreement on joint drafting of airport infrastructure development project.

2010 budget deficit – 293.8 million lats

This year, the state’s consolidated combined budget revenues were 3.4 billion lats, while the expenditure amounted to 3.7 billion lats, thereby creating a financial deficit of 293.8 million lats.

Lauma Fabrics H1 turnover hits 9.57 million lats

SIA Lauma Fabrics turnover in the first half of this year comprised 9.57 million lats. The company’s management predict this year could conclude with about 19 million lats net turnover, indicated the Head of Lauma Fabrics Sales and Marketing Department Edijs Eglins.

Number of initiated insolvencies grows by 7.26%

Number if initiated insolvencies in first nine months of the year, when compared to the last year, has grown by 145 or 7.26%.

Producer price level in manufacturing rises by 0.5%

The total producer price level in Latvian manufacturing industry in September, compared to August 2010, rose by 0.5%.

Parex Bank shareholders ask Constitutional Court to assess Credit Institutions law

Eight foreign companies, indicating they once owned 8.4% of AS Parex bank capital, have applied to the Constitutional Court (CC).

Association: lack of processing hinders profitable biological products business

The prospective business of biological or ecological agricultural sectors are halted by the lack of product processing, said the Chairman of the Association of Latvian Organic Agriculture Board Gustavs Norkarklis.

Businessmen: economic growth impossible without crediting

Latvian economic growth is impossible without crediting, different industries representatives are convinced.

Insurance companies clients paid 96.3 million lats this year

During the first nine months of 2010, the Latvian insurance company customers have received 96.3 million lats in claims, which is by 26% or 34.1 million lats less than during the corresponding period last year.

Latvijas Finieris shares purchase resembles slipping on a banana peel

Latvijas Finieris is a wood-processing enterprise that is one step further in its product development than the standard product manufacturers. Therefore, the Russian company Sveza objective is to, without introducing any changes, utilize LF system, which is quite unique and its establishment requires 10 – 15 years.

Economist: crediting restart depends on the new government formation

The restart of crediting depends on the formation of a stable and predictable new government, 2011 budget adopting and the market participants’ reaction to these events, considers the economist at the Bank of Latvia Vilnis Purvins.

Balticovo plans becoming Northern Europe leading egg producer

Balticovo, which has enrolled in a competition The Most Export Capable Trader, has invested more than 20 million lats in product innovations and development, which has also affected the company's export growth.

Entrepreneurs: Latvia has to improve renewable energy policy

Even though the renewable energy in Latvia has future and an enormous potential, currently, there is a lack of investments, or they are not discussed sufficiently enough, assert the entrepreneurs.