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Friday 23.08.2019 | Name days: Valgudis, Ralfs, Vitālijs

Soros wishes to acquire part of airBaltic shares

The world-famous financier George Soros has expressed his wish to obtain part of the Latvian state-owned company Air Baltic Corporation share.

Baltics recovering from recession

The Baltic States have started to recover from the grave recession they had to undergo during the global economic crisis.

Swedish coffee «giant» acquires SIA Melnā kafija

Latvian producer of coffee SIA Melnā kafija has been acquired by the Swedish company Lofberg Lila. This might be the first transaction of such a scale in Latvia this year, which is not connected with the crisis and the sales result is attraction of a strategic investor.

Price of 30% goods changes monthly

The Bank of Latvia estimates that the price of every third item in Latvia changes monthly, indicating that, unlike the previous year, when prices fell, now they have resumed to rise.

Lithuania to become the Silicon Valley of the Baltics

If Lithuania can bring in a range of foreign companies in less than two years, it has every opportunity to become the Silicon Valley of the Baltics, predict foreign analysts.

Flick’s company BAS to launch flights from Lithuania

The company Baltic Aviation Systems (BAS), which is owned by Bertolt Flick, the President of the national airline airBaltic, is determined to carry out flights from Lithuania next year.

Top global financial centre - London

The capital of Great Britain London ranks as the leader in the rating of world's top financial centres.

Among three major insurance companies only BTA profit increases

The three major non-life insurance companies in Latvia – BTA, Gjensidige and Balta – in total gained 7.46 million lats profit in the first half of 2010, which is by 20.6% less than in the corresponding period of 2009.

Some banks do not need lats

Workforce drain to continue

Taken into consideration that the greatest part of enterprises or 68% do not plan to reconsider the salary level, emigration problem and workforce drain to Western countries will remain a topical issue, due to the fact that even low qualified workers earn even three to four times more than people in Latvia.

Stadler's only competitor - Spanish company

Spanish enterprise Construcciones y Auxiliar de Ferrocarriles SA (CAF) is the only competitor of Stadler Bussnag AG (Stadler) in AS Pasažieru vilciens (PV) organized tender in value of 144 million lats, informed the head of the Hungarian branch of Stadler Zoltan Dunai who is in charge of the company entering the Latvian market.

SAS concludes Estonian Air sale

SAS Group has reached an agreement with the Estonian government that it would give up 49% of Estonian Air shares.

Gwilliam: state money recovery will be a miracle

Real estate credits and immovable property form the greatest part of Parex Bank assets; if we manage to recover state investments in Parex, it will be a miracle, told the new CEO of Parex Bank Christopher John Gwilliam.

Economist: eurozone is in danger of collapse

The eurozone could last up to five more years, yet in the worst case, it will simply collapse, asserts the well-known US economist and professor of the New York University Nouriel Roubini.

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