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Tuesday 20.11.2018 | Name days: Anda, Andīna

Experts: Citadele to recover state investments

Bank Citadele will be able to regain the state's invested funds, but it is still a question, whether Parex Bank will succeed as well, says investment company Axio Capital Head Andis Riekstiņš, adding that it will not be easy to recover «the fat years» credits issued against a collateral.

Lithuanians damage Latvian milk processing industry to overtake it later

Latvian Dairy Producers' Central Union's (LDPCU) Board Chairman Jānis Solks tells the business news portal BNN about the fuss around the state guarantee granted exactly to the company Latvijas piens and Lithuanians damaging the Latvian milk processing companies to gradually overtake them.

Riga to invest 4.9 million lats in road safety

With the aim of improving road safety in Riga, the Ministry of Transport has approved eight projects, which will be implemented with the European Regional Development Fund financial support at the extent of 4.9 million lats, the Ministry informs the business news portal BNN.

Lasco Investment declared insolvent

This week, Riga City Vidzeme District Court declared Lasco Investment, which is owned by the joint-stock company Latvian Shipping Company, insolvency, indicate the Insolvency Register entry.

December shows housing prices drop

December 2010 reported 0.8 % series apartment price drop for the first time during the year, amounting to an average price of 609 EUR/m2.

Lithuania and Latvia report EU largest new orders growth

When comparing September to October 2010, the greatest increase in the number of new orders on the European Union level was seen in Lithuania and Latvia – 16.0% and 9.8%, respectively, suggest Eurostat data.

Riga airport passenger turnover grows 15% in 2010

In 2010, the International Airport Riga serviced 4 663 692 passengers – nearly 15% or 597 108 people more than in 2009, when overall 4 066 854 travellers were serviced, the company informs the business news portal BNN.

Professor: Latvia’s recovery from crisis could be longer than expected

Latvia’s recovery from the crisis could be much longer than we expect, the Professor at the University of Latvia and Sorbonne University Baiba Savrina states.

Producer prices in Latvia surge 0.2%

Producer prices in Latvia grew by 0.2% in November, 2010, compared to October, which is the second smallest growth in the European Union.

E-ticket payments possible in trains from May 2011

Starting from May 2011 it will be possible to use e-tickets in trains, which are currently used to pay fares in Riga public transport. AS Pasažieru vilciens e-ticket will be implemented in three stages.

18 000 households still left without electricity

In the morning of January 5 about 18 000 households in Latvia were still left without electricity, moreover, the number grew by 1 500 households more, due to precipitation.

Tourism bureau Key Promotions goes bankrupt

The notorious tourism bureau Key Promotions creditors have decided to launch the company's bankruptcy procedure, according to the information available at the Insolvency Register.

Oil prices drop as dollar gains

Oil price keeps falling for the second day in a row already, currently loosing 2.4%, due to investors growing interest for commodities diminished with a stronger dollar.

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