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Monday 18.11.2019 | Name days: Doloresa, Aleksandrs

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.

Haul reduction to increase canned fish price

The European Commission (EC) decision to reduce the Baltic herring and sprat haul, at least by one-third, could lead to an increase in the canned fish prices.

Latvia recommended learning from Estonians

Latvia’s achievements in the private sector are very good; however, the country could learn many useful things from its neighbouring country – Estonia, believes Edward Lucas, the central and east European region correspondent and deputy editor of The Economist.

Analyst: re-recession in US would affect Latvia

US economical indicators that have turned out to be weaker that it was expected may suggest that there could be another recession in the United Sates (US) that would affect also Latvia.

Milk price to increase

Travel agencies lose 10-15% of clients

An increasing number of tourists book trips on the Internet without using travel agencies services, which means that the agencies have lost about 10-15% of clients in the recent years.

Eurozone external trade surplus - 6.7 bn euro

Eurozone external trade surplus reached 6.7 billion euro in July this year, according to Eurostat first calculations about the trade balance.


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