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Wednesday 13.11.2019 | Name days: Jevgēņija, Jevgēņijs, Eižens

Baltic real estate bought the most by banks’ companies

This year the most active real estate buyers in the Baltics are banks’ real estate companies.

Latvia State Employment Agency Head: more people find permanent jobs

Currently unemployment tends to drop along with a growing number of people taking up permanent jobs, said Latvia State Employment Agency (SEA) Head Baiba Pasevica (Baiba Paševica).

LEC Chairman: construction costs rise is expected

As the metal and wood material prices continue to increase throughout the world, construction costs could also rise in Latvia, considers the Chairman of SIA Latvijas Energoceltnieks Board Andris Asars-Asarovskis.

Saturday post in Latvia - not to be delivered any more

Latvijas Pasts Board has decided not to deliver Saturday post starting from early 2011, the company's Board Chairman Aivars Veiss announced in a press conference today, October 29.

Estonia registers 1 526 new jobless persons in a week's time

Last week 1 526 jobless persons were registered in Estonia, despite this, the number of the unemployed has decreased by 329 this week, due to unemployment data re-registration.

Estonia to invest 350 million kroon in wind generator construction

The Estonian Ministry of Economy and Communications has allocated 350 million kroon (15 000 715 lats) to the construction of wind generators.

Debtors owe the state 153.31 million lats

Overall 198 enterprises and individuals, whose debt exceeds more than 300 000 lats, owe the state budget 153.31 million lats in total on October 1.

Lithuanian banks concerned about worse development indicators than forecast

Economy recovery of Lithuania has slowed down in the third quarter due to reduction of state compensations for agriculture and construction industries export.

Handelsbanken: China to catch up with US faster than expected

China is to become the largest economy of the world in ten years, thus overtaking the United States (US) faster than expected.

Lattelecom closes German and Ukrainian branches

The company Lattelecom is to close its branches in Germany and Ukraine, at the same time Lattelecom subsidiary company plans strengthening its positions in Lithuania, as well as to acquire the Russian market.

Sveza: only mergers can turn us into a global leader

Russian plywood manufacturer Sveza needs merging with other companies to become a global leader, says the company's Director General Andrei Kashubsky.

Experts: real estate tax based on baseless cadastral value assessments

Currently the real estate tax is calculated on the basis of ungrounded assessments and disproportionate rates, many local governments representatives, real estate market experts and tax payers are convinced.

Expert: airBaltic to face procurement problems in future

The financial conflicts with Riga International Airport on the whole havenot damaged the Latvian national airline airBaltic image in Europe; however, they could turn out to be an obstacle for winning in tenders related to servicing the European countries’ institutions in the future, considers the expert on transport industry Jurijs Zalicenko.