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Friday 15.11.2019 | Name days: Undīne, Leopolds, Unda

Demand for beer soars 50% during Summer Solstice

With the Latvian Summer Solstice celebrations approaching, the demand for beer has climbed 50%, compared to the average figures for summer, the beer producers recognize.

SEB Bank: producer price gains to halt in second half of 2011

Export price surge is slowing down, while domestic market price gains remain strong and are likely to prevail in the coming months as well, notes Dainis Gašpuitis, economist at SEB Bank.

EU freezes assets of businessmen close to Lukashenko

The European Union governments have agreed to expand economic sanctions against Belarus by freezing the assets of three Belarusian companies closely affiliated with Alexander Lukashenko.

Economist: productivity boost necessary along with rising costs

This May heat energy tariff rise has a significant effect on producer prices as they rose 2.9% over the month in electricity, gas, heating supply and air conditioning sector, which is 10.3% over the year, points out Lija Strašuna, economist at Swedbank.

Movement of natural gas and excise tax application laid down

Today, June 21, the Cabinet of Ministers (CM) adopted regulations on natural gas movement and excise tax application to take effect on July 1, so that starting from this date natural gas used as fuel can be applied excise tax, Baiba Melnace, representative of the CM, told the business news portal BNN.

Industrial producer price level rises 1%

Compared to April, the overall level of producer prices in Latvian industry climbed 1.0% in May 2011. Producer prices spiked 1.2% on the domestic market, while prices of exported goods were up 0.7%, according to the Central Statistical Bureau data.

Neste Latvija turnover grows 20%

SIA Neste Latvija net turnover hit 157 million lats in 2010, while after-tax profit - 2 million lats. Moreover, the company invested 1.1 million lats in total.

44 people dead after plane crash in Russia

RussAir plane Tu – 134 crashed on the highway near an airport in Russia, Karelia region on the night from Monday to Tuesday, June 21. Although initially only hard landing was announced, the situation turned out to be more serious – 44 people were killed and eight were hospitalized.

Businessman sets up his own stock exchange to attract funds

In order to attract funds, a businessman has started trading shares at his own «established» stock exchange. The project author is Vladimirs Bickovskis, who is better known as the founder of SIA Jelgavas cukurs and producer of the niche product Samogon No.1.

State Labour Inspectorate receives complaints about heat at workplaces

Along with the arrival of hot weather, the State Labour Inspectorate has received more than ten complaints about heat at workplaces as of June 17, this year.

Estonian businessmen: Saeima dissolution might attract investors to Latvia

Estonian entrepreneurs operating in Latvia are hoping the referendum on the Saeima dissolution and discussions about oligarchs’ influence on politics will make the Latvian economy more transparent and facilitate attraction of foreign investors.

ERGO boosts performance indicators 15%

In May 2011, ERGO companies in Latvia managed to improve performance indicators by more than 15% in both life and non-life insurance segments, compared to the same period in 2010.