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Saturday 17.08.2019 | Name days: Oļegs, Vineta

Baltkom and Izzi talks to continue on who acquires whom

A peculiar situation has occurred regarding the much discussed deal between the telecommunications and cable TV operators Izzi and Baltkom. Negotiations between the two companies have not halted, however, now they both have to agree on who acquires whom.

SEB: Latvia household income stabilizes

With the improving employment rates and slow-down in wage drop, Latvia’s household income has stabilized as well, SEB bank economists conclude.

Arco Real Estate: March saw sufficient property market activity

In March 2011, the activity of Latvia real estate market was sufficient and we can divide all the clients into three groups.

Ventspils nafta terminal handles 15% more oil products

In the first quarter of 2011, SIA Ventspils nafta terminal reloaded 2 962 800 tonnes of petroleum products, which is by 15% or 396.6 thousand tonnes more than during the same period last year.

Needy families benefit can reach 500 lats a month

If there are two pre-school children in a family but both of the parents are unemployed, theoretically and practically the municipality can grant them 500 lats a month.

Estonia declares itself electric cars giant

In the engineering industries exhibition in Hannover, Estonia positions itself as electric cars development center, according to their display stand. 500 Mitsubishi iMiEV’s electric cars have already been purchased in Estonia

Riga Free Port processed cargo volume grows 7.5%

In the first quarter of 2011, Riga Free Port companies processed almost 7.7 million tonnes of cargo, exceeding the previous year's indicators by 7.5%. The growth in the liquid cargo segment comprises 22.5%, in bulk cargo – 1.3%, while general cargos reported an increase of 8.4%.

Riga City Council concludes first quarter with 3.53 million lats in surplus

In the first quarter of 2011, Riga City Council’s budget posted a surplus of 3.53 million lats, according to the Council’s report.

Latvia loses both pupils and teachers

Traditionally pupils and students in Latvia make up a considerable proportion, amounting to 86.7% in 2010/2011 academic year. Yet the proportion of those involved in education is shrinking.

Swedbank to appeal against terminating proceedings with Daugava

AS Swedbank plans to appeal against Zemgale District Court's decision on stopping the court proceedings on the bank’s claim against the milk processing company DK Daugava.

Severe cuts in intercity passenger transportation funds

To save ten million lats from local and intercity passenger transportation subsidies, it is planned to revise and optimize routes. We do not rule out the cuts might comprise up to 50%, however, a specific figure will be known on June 1.

airBaltic passenger turnover drops 2%

In March 2011, the Latvian airline airBaltic carried 233 033 passengers from Riga, Vilnius and Tallinn, which is by 2% less than during the same period last year.

Growing number of tourists in Estonia

In February 2011, 143 000 foreign and local tourists stayed at Estonian hotels and accommodation places, 15% more than a year before. Estonians themselves made up 44% of these tourists.

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