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Ceturtdiena 21.11.2019 | Name days: Andis, Zeltīte

TEC-2 reconstruction halt might cost at least 150 million lats

A document has been prepared for the European Commission with the aim of terminating Riga’s second thermoelectric central reconstruction. If that happens, Latvenergo and consequently the state and consumers’ additional costs could exceed 150 million lats.

Energy efficiency allows companies to save

Companies have started to turn more attention not only to rentals but also causes of additional costs.

Latvian Chamber of Commerce and Industry: government declaration – constructive work basis

«Despite businessmen are not satisfied with the future government declaration development process, the content of the declaration is the key priority,» says Latvian Chamber of Commerce and Industry (LCCI) Board Chairwoman Žaneta Jaunzeme – Grende.

Complaints about insurers’ decisions to Ombudsman in Latvia – not beneficial

It turns out the Latvian Insurers Association Ombudsman, where natural persons can file complaints about insurers’ decisions regarding claims, is a far more expensive service than the Ombudsman of commercial banks.

Latvian industrial production output increases by 13%

In nine months of 2010, compared to the period January-September in 2009, the industrial production output has increased by 13%, according to working day adjusted data at constant prices.

AS Ventspils nafta minority shareholders – ready for overthrow

It is intended to collect at least 40 million lats from Vitol Group enterprises Euromin Holdings, Eurotank Holdings Sarl and AS Ventspils nafta Council and Board Members on their property – oil and oil product reloading terminal – use without compensation.

Estonia Finance Ministry: GDP might reach annual 6% in Q3

On recovering from the most severe recession in the European Union (EU), Estonia will probably be able to increase its GDP to about 6%, compared to 2010 third quarter, due to growing export demand.

Latvijas Finieris shareholders merging to sell their shares for higher price

Minority shareholder of Latvijas Finieris Armands Apfelbaums in inviting shareholders to merge, in order they could sell the shares at the highest possible price or gain influence in the Biķi family controlled company.

Nordea Markets: the recovery has restarted

After several difficult years in the Baltic States, Poland and Russia in terms of the growth, the crisis is over, Nordea Markets concludes in its latest Baltic Rim review.

Swedbank: tax rise to encourage tax evasion

Further tax increase may even more propel avoidance of tax pay, especially if the volume of shadow economy does not decrease and the society’s confidence in expenditure reduction process declines, assert Swedbank economists.

Arco Real Estate: Latvia real estate prices unlikely to change

Price climb of October has finally stopped, thus 2010 highest apartments price rise was recorded in January - 4.6%, the business portal BNN was informed by the real estate company Acro Real Estate representative.

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