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Tuesday 25.09.2018 | Name days: Rauls, Rodrigo

Kubilius: Gazprom threatens Lithuania

The Prime Minister of Lithuania Andrius Kubilius has expressed his concern about the major shareholders of Lietuvos Dujos threatening Lithuania with gas supply disruption.

Experts convinced of crisis end and economic stabilisation

The majority of investors and analysts are sure that the financial crisis is over and the global economy has stabilized.

Banking sector losses in late August – 299.2 million lats

During the first eight months of 2010, seven Latvian banks and two foreign bank branches operated with profit, in total earning 7.1 million lats; however, at the end of August, the total volume of loss in the banking sector amounted to 299.2 million lats.

Germany increases advertising spendings for informing society

The German Chancellor Angela Merkel’s implemented national budget reduction program foresees additional money for advertising spending.

Severstaļlat acquires Finnish export market

Latvian metal manufacturing and trading company AS Severstaļlat participates in the Finnish annual international exhibition Alihankinta 2010 for the second time already.

Producer price level increases by 0.6%

In August 2010, the overall producer price level in the industry of Latvia, when compared to July, has increased by 0.6%, suggests the Central Statistical Bureau data (CSB).

Analysts: US exited the recession in June 2009

The recession in the US economy ended in the middle of June, 2009, concludes the analysts of National Bureau of Economic Research.

Soros wishes to acquire part of airBaltic shares

The world-famous financier George Soros has expressed his wish to obtain part of the Latvian state-owned company Air Baltic Corporation share.

Baltics recovering from recession

The Baltic States have started to recover from the grave recession they had to undergo during the global economic crisis.

Swedish coffee «giant» acquires SIA Melnā kafija

Latvian producer of coffee SIA Melnā kafija has been acquired by the Swedish company Lofberg Lila. This might be the first transaction of such a scale in Latvia this year, which is not connected with the crisis and the sales result is attraction of a strategic investor.

Price of 30% goods changes monthly

The Bank of Latvia estimates that the price of every third item in Latvia changes monthly, indicating that, unlike the previous year, when prices fell, now they have resumed to rise.

Lithuania to become the Silicon Valley of the Baltics

If Lithuania can bring in a range of foreign companies in less than two years, it has every opportunity to become the Silicon Valley of the Baltics, predict foreign analysts.

Flick’s company BAS to launch flights from Lithuania

The company Baltic Aviation Systems (BAS), which is owned by Bertolt Flick, the President of the national airline airBaltic, is determined to carry out flights from Lithuania next year.

Top global financial centre - London

The capital of Great Britain London ranks as the leader in the rating of world's top financial centres.