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Monday 17.12.2018 | Name days: Teiksma, Hilda

Retail trade sector recovers

According to the most recent data, for the first time over the past few years, Latvia retail trade turnover, broken down by year, has increased.

Retail trade turnover grew by 1%

In August, the total retail company turnover increased by 1%, compared to this year’s July. The turnover of non-food product retail trade increased by 1.6%, while the food product retail turnover has shrunk by 0.1%.

Latvia and Hungary not to expect economic growth

Although there are certain risks that in the second half of the year the Eastern Europe countries economic growth might slow down because of global economic situation worsening, improvement is to be expected in all the region's countries, except Latvia and Hungary.

Latvia gets half a billion euro more from EU budget than pays in

Over the last year, Latvia has received half a billion euro more from various European Union budgetary payments than it has paid in the block‘s budget.

Saab signs contract with BMW

Construction costs decrease by 0.4%

In August 2010, compared to July, the construction costs in Latvia declined on average by 0.4%.

Rīgas marka to start its journey in Nizhni Novgorod and Ekaterinburg

The products under the brand name Rīgas marka will initially be launched in the Russian market in Nizhni Novgorod and Ekaterinburg, and not in Moscow.

Simanovics applies to Latvenergo Chairman post

It is not right to mix business with politics. In business, only the richest people can afford to show emotions, believes one of the finalists in the competition for the chairman post at Latvenergo Broad, Maris Simanovics.

Gulbe: no reason to await price drop

The prices of the main food product raw materials in the world markets have significantly increased, and the costs of fuel, electricity and packaging have grown as well; therefore, there is no reason to expect the drop in food prices, asserts the Head of Agriculture Market and Promotion Centre Inguna Gulbe.

Lido receives extrajudicial legal protection

The Vidzeme Suburb Court of the City of Riga has set an extrajudicial legal protection to the entrepreneur Gunars Kirsons catering company SIA Lido.

Lielpinka: business planning - problematic for entrepreneurs

The biggest problem for the entrepreneurs in Latvia is caused by the fact that it is not possible to normally plan the business and the budget. It is difficult to work, if the taxes are randomly changed at the time when everything is already mapped out, maintains the lawyer of the company Lāčplēša alus darītava Inese Lielpinka.

Paunins: construction market stabilizes

Along with the increasing volume of construction work and occurrence of private orders, the construction market is experiencing the first signs of stabilization, considers SIA RE & RE Chairman of the Board Ainars Paunins (Ainārs Pauniņš).

Non-bank loan rates drop by 30%

The number of companies issuing loans with the help of messages or the Internet has grown recently. The interest rates have fallen on average by 30% and the maximum amount to be lent also diminishes.

Muceniece: business tax burden should not be increased

The tax rates could be reconsidered, raising some tax rates and reducing others; thus it would be possible to reach total tax burden reduction, considers the Chairperson of the Latvian Taxpayers Association Board Dana Muceniece.

Six moths delay of payment - for 14.6% of borrowers

Amongst the obligations with delays in payment, the largest proportion are those that have been delayed for more than 180 days or about half a year – 231 776 obligations or 14.6%.

Kogan: speculators prefer investing in gold, not oil

At the present moment, the global oil prices have become less dependent on the stock market speculations, because the profiteers rather choose to invest in gold, believes the Deputy Chairman of LUKoil Board Haim Kogan.

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