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

Snoras paid 3.508 million lats for Latvijas Krājbanka shares

Lithuanian AB Bankas Snoras (Snoras) paid the minority shareholders of Latvijas Krājbanka 3.508 million lats for the purchase of their shares, according to NASDAQ OMX Riga stock exchange data.

Dow Jones industrial average tumbles record-low since August 2010

Dow Jones industrial index has reached its biggest drop in the stock market since last August. This is due to the unemployment rise, trade deficit and China’s export growth slowdown, raising concerns about the emergence of another US economic pitfall.

GDP shrank by 0.3% last year

Compared to 2009, in 2010 the gross domestic product in 2010 decreased by 0.3%,while compared to the exact period in 2009, it has risen by 3.6% in Q4 of 2010.

Census counters to be paid regardless number of households visited

Settlement with the company carrying out population Census 2011 will not depend on the number of households census counters visit, the Central Statistical Bureau deputy director Pēteris Veģis says, adding that online Census has been extended up to March 12, due to extensive interest in electronic registration.

North Japan sees tsunami after massive quake

On Friday, March 11, 8.9-point earthquake shook Japan’s northern territory, causing a tsunami wave flooding the coast and nearby houses, reports CNN.

Airport Riga: airBaltic has financial difficulties

The Latvian national airline airBaltic is suffering financial difficulties – its debt to the airport Riga accounts for 7 – 8 million lats, indicates the airport’s Board Member Andis Damlics.

Diesel fuel excise to reduce Latvian farmers competitiveness

Applying minimum excise tax on diesel fuel will boost costs of Latvian local farmers. Given various costs climb, including of energy resources, excise tax application will propel the prime costs of agricultural production and reduce farmers competitiveness down to the level of the Baltics exclusively.

Municipalities control over gambling likely to be increased

Town in Latvia Jekabpils Council has drafted amendments to the legislation aiming at granting local governments more power to control gambling.

Moody’s cuts Spain’s credit rating

The international rating agency Moody’s has downgraded Spain’s credit rating from Aa1 to Aa2, with a negative future outlook.

Slower export growth boosts unexpected trade deficit in China

China reports unexpected seven-years high trade deficit of 7.3 billion dollars. Exports climbed 2.4% in February, accounting for the smallest growth since 2009.

Non-financial investments shrink 19.5% in 2010

In 2010, non-financial investments at current prices accounted for 1 337.1 million lats, of which in the Q4 – 513.7 million lats. Compared to 2009, in 2010 the volume of non-financial investments at constant prices dropped by 19.5%; while compared to the corresponding period in 2009, in Q4 of 2010 – by 3.3%, according to the Central Statistical Bureau data.

Swedbank finds data reader devices on several ATMs

Swedbank has blocked several payment cards, because when carrying out the regular ATM network monitoring, data reader devices were found on some ATMs, the bank’s press secretary Kristīne Jakubovska reveals to the business news portal BNN.

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