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Saturday 23.11.2019 | Name days: Zigfrīda, Zigrīda, Zigrīds

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.

Enterprise register sees twice as many companies

In the first five months of 2011, Latvia Enterprise Register (ER) has registered twice a many companies as in the same period in 2010. About 1 535 Ltd. companies were registered monthly from January to late May, compared to 999 Ltd. in the corresponding period a year ago.

Swedbank hopes to list its shares on Baltic Stock Exchange

Swedbank has already previously announced it is willing to list its shares on the Baltic Stock Exchange, most likely, this will be on Tallinn stock market thanks to the euro.

Vattenfall recognized as «worst» nuclear energy company in Europe

According to the United Nations energy agency's report, the Swedish state-owned energy utility Vattenfall has the worst performance among 27 European nuclear operators.

Spilva: it is vital to maintain production

Latvian food producers are actively seeking new export markets, as well as opportunities to boost their sales. While the state should work harder to ensure fair competition, Dana Erciņa, marketing director at SIA Spilva, told the business news portal BNN.

Immigration Law amendments likely to hamper real estate transactions

Amendments to the Immigration Law reveal the cadastral value of a property still tends to differ from the market value. Although up to now the latest amendments have not considerably affected the market, market participants see certain risks.

59% say Latvia should keep its airbaltic shares

59% of all the economically active population in Latvia believe the state should keep its shares in the Latvian national airline airBaltic.

Only three manufacturing sectors exceeded the 2008 performance last year

Although a number of manufacturing sectors are reporting rapid recovery, only three of them have outperformed the 2008 indicators.


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