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Saturday 17.08.2019 | Name days: Oļegs, Vineta

Estonia invests the most in Latvian companies

Similarly as in the previous years, also this year Estonia ranks the first in terms of direct investments in Latvian companies capital.

Industrial output grows 1.4%

In March 2011, the industrial production output at current prices accounted for 401.2 million lats. Compared to February 2011, the industrial production volume in March 2011 has risen by 1.4%, according to seasonally adjusted data at constant prices.

Estonians complain of bureaucracy and protectionism in Latvia

Estonian businessmen are victims of widespread bureaucracy and protectionism in Latvia, says Hele Lõhmus, Chairman of the Estonian Chamber of Commerce in Latvia.

The richest woman in Latvia – Anna Lipmane

The businessman Kirovs Lipmans’ spouse Anna Lipmane is the richest woman in Latvia – the pharmaceutical company Grindex shareholdings worth 22 million lats are registered on her name.

Fitch upgrades Lithuania’s ratings

Fitch Ratings agency has upgraded Lithuania’s outlook from stable to positive, affirming its long-term foreign currency rating is BBB and its long-term local currency rating - BBB+.

Brent crude sticks above 121 dollars

Brent crude prices have kept above 121 US dollars per barrel due to the rapid US crude stock gains and the negative consumption data, which were offset by weakening the dollar.

Liquefied natural gas terminal could be built in Skulte

As a compromise between Latvia capital city Riga and Ventspils, liquefied natural gas (LNG) terminal could be built in Skulte, as the European Comission has undertaken funding LNG terminal construction in one of the Baltic states.

Saab obtains loan to restart production

Car maker Saab is planning to restart production in a week’s time, according to its owner – Dutch car manufacturer Spyker, who says Saab has obtained a 30 million euro loan.

EU investigates world’s leading banks

The European Commission is investigating the leading world’s banks over credit default swaps. Some of the banks include Barclays, Goldman Sachs, Deutsche Bank and Citigroup.

Parex Bank repays 164 million lats syndicated loan

On May 3, Parex Bank transferred the last 164 million lats installement of the syndicated loan, the bank informed the business news portal BNN.

Russian company manufactures robots in Estonia

Russian company Kvadrat SG manufacturing robots in St Petersburg has announced town in Estonia Narva its new production base, according to the company’s owner Sergey Gadalov.

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