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Tuesday 18.06.2019 | Name days: Madis, Alberts

Latvia's retail trade turnover up 5.5%

Compared to June, total retail trade turnover in July 2013 rose by 2.1%, according to seasonally adjusted data at constant prices. Retail trade in food products increased by 0.9%, whereas of non-food products – by 2.9%.

Losses of Ventspils Nafta in 2013 - LVL 7.29 million

Consolidated net turnover of Ventspils Nafta and its subsidiaries reached LVL 63.58 million in the first half-year of 2013. Net losses for this period are estimated at LVL 7.29 million.

Average salary in Latvia – LVL 503

Latest data compiled by the Central Statistical Bureau of Latvia show that average wages and salaries in the country are growing evenly. As compared to Q2 of 2012, gross wages and salaries in Q2 of 2013 have risen by 4.7% – from LVL 481 to LVL 503.

Daily Joke: not qualified to answer

Policeman: "Do you know how fast you were going?"

Grindex earns LVL 4.1 million in the first half-year of 2013

Grindex turnover reached LVL 38.4 million in the first half of 2013, which is 12.3% more than there was in the first half of 2012.

LDz Cup in photos: Dinamo Riga earns second place

During the LDz Cup Tournament of the Kontinental Hockey League in Riga, Dinamo Riga lost the final match against St Petersbourg SKA with a score of 1:2 (0:1, 0:0, 1:0, 0:1) on August 29.

Latvia awaits for the coming of new clothes traders

Competition in the clothes retail trade is steep. However, companies see potential for growth. On top of that, with Varner Gruppen brands – Cubus, Bik Bok and Dressman – leaving Latvia's market, it won't be long until new ones come in their place, industry experts say.

Latgale praises Sprūdžs' contribution to the region's development

Edmunds Sprūdžs is the first municipal affairs minister to provide Latgale's municipalities a unique opportunity to actively work and realize their development plan priorities. It allows municipalities to sort out business opportunities, Latgale's municipal leaders say.

Legal proceedings regarding Krājbanka against BAS are stopped

August 29, legal proceedings in regard to the claim of Latvijas Krājbanka against Eurobalt Junipro and former shareholder at airBaltic Baltijas Aviācijas sistēmas (BAS) and Taurus Asset Management Fund Limited (Taurus) were halted by Riga Regional Court. In it, the court is asked to deem the loan contracts that provided BAS with LVL 14 million to be void.

Reverta pays back EUR 2.3 million to former Parex owners

Reverta is able to regain more and more money from the realization of its real estate properties portfolio as the country's economy recovers.

Daily Joke: motherly advice

Mother tells her daughter...

Swedbank: Latvia's wealthy investors are afraid of risk

Even though investment risk grows proportionally to the opportunity to make money, Latvia's wealthy investors are afraid of risk. They do, however, say the main goal of investing money in something is their with to have money circulate.

Latvia's ambassador in USA: Baltic security is of high priority to USA

The security and democracy of Baltic State has a high strategic priority to the United States of America. If that was not the case, there would be no meeting of presidents of Baltic States and the President of USA, says Latvia's ambassador to USA Andris Razāns.