Latviski English По-русски
Monday 22.07.2019 | Name days: Marija, Marika, Marina

Riga City Council to decide on granting land for Dinamo Riga sports facility

Riga City Council’s Investment and Business Promotion Council is to review AS Dinamo Riga's request on land allocation for sports facility construction on Thursday, March 31.

Economists: retail grows despite low consumption

Despite stagnation, low purchasing power of Latvia population and cautious spending, retail trade total turnover is gradually surging, Latvian economists say, forecasting people will soon have more money to spend.

Swedbank recognized best bank in Latvia

The international periodical Global Finance has named the best banks in the Central and Eastern Europe in 2011, acknowledging Swedbank as the best bank in Latvia. The criteria for choosing the winner included asset growth, profitability, strategic relations, customer service, competitive pricing and innovative products.

29% consider 3rd Tier crucial for decent pension

About one third of Latvia population aged 25 to 45 attribute great importance to the 3rd Tier of pensions contributions in receiving a sufficient old-age pension. 29% of Latvia population say 3rd Tier pension contributions are very important or rather important.

Moody’s cuts Belarus credit rating

The international rating agency Moody’s has downgraded Belarus credit rating by one notch – from B1 to B2.

Saab unable to pay suppliers

The Dutch-owned carmaker Saab, currently in financial difficulties, is facing problems in settling payments with several spare parts suppliers.

Standard & Poor's lowers Portuguese ratings once more

International ratings agency Standard & Poor's has downgraded Portuguese ratings by a notch for the second time in five days - from BBB down to BBB-.

Winter destroyed roads damage cars

Spring thaw also brings an increasing number of insurance claims on cars damaged by holes in winter destroyed roads.

Oil price fluctuations prompt tension

Crude surged on March 30 morning as the rather weak trade and military actions undermine the expectations of Libya’s return to the oil-exporting countries list.

Latvia sells CO2 emission quotas for 200 million euro

European Court of Justice can decide on Latvia receiving additional carbon dioxide (CO2) emission quotas worth 100 million euro. However, this means Latvia would have to revoke 14 million quotas trade on an inter-governmental level.

GE Money loss in 2010 – 19 522 lats

AS GE Money Bank concluded 2010 with losses of 19 522 lats, while the company’s operational loss before tax amounted to 10 404 lats, according to the bank’s 2010 annual financial report.

Businesswoman: private investors don't do charity

Private investors are always investing in ideas they can make profit from, they don't do charity, Aiva Viksna, businesswoman and union Leader Board Chairwoman, told in an interview to the business news portal BNN.

Insolvency Law amendments not intended

Although a number of required corrections have been found in the Insolvency Law’s new wording, which came into force on November 1, 2010, neither the Justice Ministry, nor the Insolvency Administration have drafted the particular law amendments.

Benefit restrictions in force until late 2014

The government has agreed on retaining the restriction on sickness, maternity, paternity, parental and unemployment benefits until December 31, 2014, stipulated by the government’s approved amendments on March 29.

Rietumu Banka profit last year – 3.2 million lats

In 2010, Rietumu Banka's net profit was 3.2 million lats, while Rietumu Group’s profit – 6.8 million. lats.