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Wednesday 17.10.2018 | Name days: Karīna, Gaits

Number of air passengers to exceed 3 billions in following years

In 2014, the number of international air passengers will comprise 3.3 billion – by 800 million more, compared to 2009.

Yuan slowly but confidently emerging as the world’s currency

China, who has become the world’s second largest economy after the United States, is preparing for the next stage. In order to become the world’s leading economy, China intends to change the yuan into an international currency.

Latvia reported the largest industrial volume drop in EU last December

Compared to November, in December 2010 the industrial production volume in Latvia posted the largest drop (-1.9%) in the European Union. Comparing 2010 with 2009, Latvia reported the third largest increase in the EU in December 2010 (+15.7%), according to the statistical office Eurostat data.

Japan looses the world’s second-biggest economy title

When assessing Japan’s gross domestic product figures, it can be concluded that the country has lost the world’s second-largest economy status, while the US remains in the leading position.

Alliance with Microsoft lowers Nokia’s stock price by 14%

The value of company Nokia shares dropped on February 11 by 13.8%, compared to the stock price the day before. The sharp decrease occurred at a time when the Finnish company signed a cooperation agreement with the software developer Microsoft.

Google Nexus S in Latvia - late March, early April

Samsung smartphone Google Nexus S sale in Latvia will be launched in late March or early April this year, Samsung Electronics Baltics telecommunications department Head Ēriks Eglītis told the business news portal BNN.

Nokia and Microsoft to develop Android competitor

The mobile phone manufacturer Nokia and the software developer Microsoft are going to make joint effort to compete with Google and Apple in the fast-growing smartphone market,

Oil exceeds 87 dollars amid intensified Egypt turmoil

US crude for future deliveries exceeds 87 US dollars a barrel, affected by the Egypt unrest after President Hosni Mubarak announced he would transfer his power to the Vice President, instead of stepping down himself.

Apple to become most valuable company

The technology company Apple is heading towards becoming the most valuable company on Earth by 2012, analysts say.

SAS hopes to make profit in 2011

The Scandinavian airline SAS reported a slight fourth-quarter net profit, raising hope to get back on profit track along with the recovery of the market.

Finnish trade surplus drops 37%

Finnish trade surplus fell 37% in 2010, compared to 2009, which is down to 880 million euro, according to official statistics.

Oil price falls to 87.24 dollars per barrel

On Tuesday, February 8, the oil price fell because, despite the unrest in Egypt, transit was not affected; moreover, the stability also creates hopes for the US crude oil inventories.

Oil price exceeds 100 dollars

Brent crude surpassed the 100 dollars mark in Asia on Monday, February 7, affected by significant regional equities performances since the start of the Chinese New Year, analysts say.

Lufthansa wants to acquire SAS

The German airline Lufthansa chief of European sales and marketing Karsten Benz told the Finnish newspaper Kauppalehti they are interested in acquiring SAS. However, he also admitted the deal is not planned in near future, due to various reasons.

Europe and Latin America end «banana war»

The European Parliament's approved reduced import tariffs, providing shrinking customs duties for Latin American exporters, mark the end of a 20-years-long «banana war».

Arab bourses lose 49 billion dollars due to Egypt unrest

Protests in Egypt have made Arab bourses lose 49 billion dollars (24.9 billion lats).

Sweden to sell 6.3% of Nordea shares

The Swedish government is about to sell more than 255 million shares or 6.3% of Nordea bank stock, according to the Swedish Finance Ministry. The statement supports the centre-right government's plan to sell parts or all of the state-owned companies.

Novatours: Egypt riots caused losses to equal the volcano's

Protests in Egypt will bring tourism companies as big losses as the consequences of Iceland's volcanic eruption, according to Novatours Executive Director Andree Uustal.

Key political risks in Latvia – exchange rate and outstanding payments

According to Aon's Global Risk Map for 2011, Latvia is placed at the medium risk level group, while the neighbouring countries – Estonia and Lithuania – at low-risk zone, the business news portal BNN was informed by the leading insurance broker company in the world and the Baltic States – Aon.

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