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Saturday 15.12.2018 | Name days: Jana, Johanna, Hanna

Parex Bank shareholders ask Constitutional Court to assess Credit Institutions law

Eight foreign companies, indicating they once owned 8.4% of AS Parex bank capital, have applied to the Constitutional Court (CC).

Association: lack of processing hinders profitable biological products business

The prospective business of biological or ecological agricultural sectors are halted by the lack of product processing, said the Chairman of the Association of Latvian Organic Agriculture Board Gustavs Norkarklis.

Businessmen: economic growth impossible without crediting

Latvian economic growth is impossible without crediting, different industries representatives are convinced.

Insurance companies clients paid 96.3 million lats this year

During the first nine months of 2010, the Latvian insurance company customers have received 96.3 million lats in claims, which is by 26% or 34.1 million lats less than during the corresponding period last year.

Saeima Commission: government to borrow only with Saeima permission

In future if the government plans undertaking considerable liabilities, it will have to be granted the Saeima permission; Budget and Finance (Taxes) Commission of the Saeima supported amendments on Budget and financial management law provide this.

Major German bank to advise the Latvian government

The German development bank KfW Bankengruppe will give advice to the Latvian government on the business activity support enhancement, the Head of the Ministry of Economics Public Relations Department Evita Urpena informed the business portal BNN.

Latvijas Finieris shares purchase resembles slipping on a banana peel

Latvijas Finieris is a wood-processing enterprise that is one step further in its product development than the standard product manufacturers. Therefore, the Russian company Sveza objective is to, without introducing any changes, utilize LF system, which is quite unique and its establishment requires 10 – 15 years.

Economist: crediting restart depends on the new government formation

The restart of crediting depends on the formation of a stable and predictable new government, 2011 budget adopting and the market participants’ reaction to these events, considers the economist at the Bank of Latvia Vilnis Purvins.

Only Latvia submits all huge ES funds projects

Currently Latvia is the only one of the European Union (EU) member states to have submitted all planned 2007-2013 Cohesion Fund (CF) projects applications for the European Comission (EC) approval, according to the latest EC data.

ME: House managers do not work with debtors

The Ministry of Economy has concluded that house managers at many local governments do not work with debtors actively enough in order to recover debts.

Balticovo plans becoming Northern Europe leading egg producer

Balticovo, which has enrolled in a competition The Most Export Capable Trader, has invested more than 20 million lats in product innovations and development, which has also affected the company's export growth.

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