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Wednesday 26.06.2019 | Name days: Inguna, Inguns, Ausma, Ausmis

Pawn shops not to work during night hours anymore

Starting from May 1, 2011 restrictions on pawn shop working time in the dark hours of the day (from 20:00 to 8:00) have entered into force. Similarly, requirements for compulsory pawn shop pledge records have become effective with full transition to electronic pledge registration until January 1, 2012

ABB Group profit spikes 41%

The power and automation technologies leader ABB Group revenues have surged 18%, which is the highest indicator in the past two years. While its net profit rose 41% to 655 million US dollars.

Euribor rise to boost loan payments

The euro interest rate surge expected along with the inflation rise will affect the Latvian economy as well, largely increasing the amount of loan payments.

Expert: unable to settle debt commitments businessmen often slander persons involved in insolvency cases

Recently, several entrepreneurs unable to settle their indebtedness start to publicly defame persons involved in bankruptcy process, points out Agnese Kveska, the Chairwoman of the Latvian Certified Insolvency Administrators’ Association Boad.

Petrol to cost 95.9 santims within a month

Last week petrol and diesel prices on Europe’s stock exchanges again hit new record highs in recent years, Statoil Fuel Category head Kaspars Skrābāns indicates to the business news portal BNN, adding that after a month the petrol price in Latvia will amount to 0.959 lats per litre.

Macroeconomic indicators index climbs 2.7%

Compared to the exact month a year ago, in March 2011 the macroeconomic indicators composite index (MSI) at constant prices rose 2.7%.

Expert: crisis seperated good real estate projects from bad ones

The crisis has rather sharply separated the good real estate projects from the bad ones in terms of location, quality and management. Moreover, despite the spring optimism, office space rates have stabilized without increasing significantly.

70 385 lats paid last year in indemnities for motorcycle accidents

Last year 70 385 lats were paid out in compensations for road accidents caused by registered motorcycles in Latvia, which is 7.4% less than in 2009.

NASDAQ OMX Riga stops Latvian Shipping Company stock trade

On May 2, the stock exchange NASDAQ OMX Riga Board decided to immediately suspend the trade with Latvian Shipping Company's shares (LSC1R) until significant information is disclosed.

Airport Riga passenger turnover grows 2.8%

Airport Riga serviced 939.6 thousand passengers in the first quarter of 2011, contributing to passenger turnover surging 2.8%.

Bank of Latvia: Parex Bank does not meet criteria to be freed from mandatory reserves

Currently, Parex Bank does not meet a single criteria to be freed from making mandatory reserves, the Central Bank announced after reviewing Parex Bank's request to relieve it from making mandatory reserves to use these funds for the syndicated loan repayment.

State Social Insurance Agency urges criminal proceedings on alleged fraud in Latvian Shipping Company

As a 10% shareholder at the state-owned public joint stock entity Latvian Shipping Company, the State Social Insurance Agency has filed an application to the State Police Economic Crime Combat Administration, the State Revenue Service and the Prosecutor General’s Office, calling for an assessment of possible fraud and tax evasion.

Oil prices down 1% after news on bin Laden’s death

Along with the news on Al-Qaeda leader Osama bin Laden's death, the oil price dropped by one percent on May 2.

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