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Friday 13.12.2019 | Name days: Veldze, Lūcija

LatRosTrans starts pumping out the pipeline oil

Having conducted detailed preparation and research work, experts give SIA LatRosTrans the green light to pump out oil of its owned pipeline and to transfer it to a reservoir, the business portal BNN was informed by the company.

Grindeks profit this year - 5.2 million lats

The company Grindeks profit hits 5.2 million lats in nine months of 2010 reporting a triple, compared to the exact period in 2009.

airBaltic advertises at Riga City Council expense

The newly-launched advertisement funded by Riga City Council highlights ten things that tourists should know about Riga, including airBaltic planes, BalticBike, BalticTaxi, as well as ESPA beauty salon.

Latvian Sustainable Construction Council established

This year, on November 26, the Latvian Sustainable Construction Council will be established, the Council’s representatives informed the business portal BNN.

Latvia hotel industry services 29.5% more clients than last year

In the third quarter of the year, hotels and other tourism accommodations serviced 532.4 thousand people or 29.5% more than in the exact period of the last year.

Automobile dealers object to motor vehicles annual duty rise

Latvian Authorized Automobile Dealers Association (LAADA) strictly objects to the Ministry of Finance planned motor vehicles annual duty rise, as well as to tenfold increase of official cars tax.

SRS: summary declarations will be obligatory for businessmen in 2011

Starting from January 1, it will be obligatory for Latvia businessmen to submit information at customs about the goods actual entry or exit to or from the European Union (EU) a particular time in advance, and companies are already ready for that.

Ongoing negotiations on settlement of Latvijas Naftas tranzīts shareholders’ meeting decisions in 2007

Currently SIA Skonto nafta and AS Latvijas Naftas tranzīts is holding ongoing negotiations on the disagreement settlement regarding Latvijas Naftas tranzīts shareholders’ meeting decisions in 2007. For this reason, the civil case hearing has been postponed till March 21, next year.

Latvia can obtain 20 million lats worth pipeline oil

Latvia could claim the technological oil, currently in LatRosTrans owned pipelines, worth at least 20 millions.

Producer price level in Latvian industry drops by 0.3%

Overall producers price level in Latvian industry dropped by 0.3% in October this year, compared to September.

Growing interest of investors from the East, especially, in production industry

Over the recent years, businessmen from the East have been the most active in investing in Latvia; moreover, compared to the «fat years», the number of venture capital investors is growing as well.

Volume of insurers written premiums drops by 18%

During the ten months of 2010, the volume of written premiums by the Latvian insurance companies has dropped by 18% or 41.4 million lats, compared to the corresponding period last year.

Nordic Investment Bank President: investors need railways and motorways

International financial institutions are pleased with Latvia’s results; however, it still has to learn how to draw in the right investors, Nordic Investment Bank President Johnny Åkerholm indicates.

Centralization needs a «super» holding

State-owned enterprises management should be centralized into a single holding, thus obtaining 100 million lats additional revenue already in 2011 and attracting internationally recognized experts, concluded Baltic Institute of Corporate Governance (BICG).

Crisis does not affect peat processing

Data on the major Latvian peat processing companies has been compiled for the first time, according to reports submitted to the database SIA Lursoft - they have had a successful year.

Construction output drops by 28.5%

In nine months of 2010, compared to January-September 2009, construction output at constant prices has decreased by 28.5%, including housing construction volumes - drop of 30.3% and construction engineering - by 27.1%.

Latvia external trade grows by 22.3% in 2010

Total external trade at current prices in January-September 2010 reached 7 422.4 million lats, which is 1 351.2 million lats or 22.3% more than in January-September 2009, according to Central Statistical Bureau of Latvia.

Riga Vice-Mayor: Riga Port hits new cargo turnover record

During ten months of this year the Port of Riga has established a new cargo turnover record – 25 036 million tons, which is 0.3% more than in the corresponding period last year, indicates the Riga City Council Vice-Mayor Andris Ameriks.


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