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Saturday 04.04.2020 | Name days: Valda, Herta, Ārvalda, Ārvalds

AD Baltic last year turnover grew by 7%

One of the leading auto parts wholesalers in Latvia SIA Baltic AD last year's turnover increased by 7%, reaching 5.84 million lats. SIA Baltic AD volume of production dynamics show 7% increase, when compared to the previous year. Moreover, the company's turnover growth in the wholesale niche (without providing non unauthorized services) is even higher - 13%.

European Central Bank finds little comfort

The European Central Bank (ECB) will not change its record low interest rate – 1%. The impressive growth of Germany does not make amends to the management of ECB, as the European financial market is again confronted with concern about the performed loan operations.

If files complaint against SFS insurance tender

The insurance company If P&C (If) has filed a complaint to Latvian Procurement Monitoring Bureau (LPMB) concerning the results of The State Forest Service(SFS) public tender for its employees' health insurance.

Kampars: In four years there will be 50 firms per 1000 inhabitants

The implementation of microenterprise support programs will enable a qualitative leap in business activity indicators in the following four years, and ensure that the amount of enterprises per 1.000 inhabitants in Latvia at least reaches the average ratios of European Union (EU).

Studies affirm: two drinks a day extend life

Recent studies confirm that elderly adults, who daily consume two or three glasses of wine, beer or cocktails, are said to live longer than abstainers.

Zigurs: debts will be paid until next heating season

The amount of Riga residents heat debt amounts to 5 million lats, but it will be paid by the beginning of the next heating season, states the Chairman of Rīgas Siltums Aris Zigurs (Āris Žīgurs).

Expert: wages will go up next year

The economy expert of Latvijas Banka, Olegs Krasnopjorovs (Oļegs Krasnopjorovs), maintains that in the next year a sustainable salary growth is awaited in Latvia, as entrepreneurs will return to the initial premium wage system.

Ventspils nafta half-year profit – 3.5 million lats

JSC Ventspils nafta consolidated net turnover in the first half-year of 2010 has reached 29 million lats.

New Business portal - BNN-NEWS.COM launched in Latvia

Starting from today, September 1st, new business portal in English BNN-NEWS.COM and its «Latvian brother» BNN.LV officially start work. Both Latvian and English portals will collect information on economic and business events in Latvia and foreign countries.

Japanese create a calorie-free beer

The Japanese have created the world’s first calorie-free beer, which contains zero calories. Experts have predicted that this invention will have success in the future.

Mancinskis: the amount of problematic credits stabilizes

According to the Chief Executive of Swedbank Maris Mancinskis (Māris Mančinskis), together with increasing solvency, which is associated with the overall improvement of the economic situation, the amount of problematic credits is also stabilizing.

airBaltic shareholders meeting disapproves new Board

National airline AS Air Baltic Corporation (airBaltic) shareholders in a meeting on August 31th decided to postpone the election of the new Board.

Top prime minister candidates – Lembergs and Dombrovskis

Latvian society recognizes Aivars Lembergs (political party ZZS) and the current Prime Minister Valdis Dombrovskis (political party Vienotība) as the most popular proposed candidates for the post of Prime Minister.

Bank of England to set credit limitations in fears of new recession

The Bank of England, fearing new crisis wave, intends to introduce restrictions on the maximum amount of mortgage loan. In this way, the bank hopes to avert another financial crisis, while those who wish to get a mortgage, will have to open a special deposit account, issued by the creditor that will be 10 - 25% of property value.

Russia’s wealthiest children income redoubles

During this year, the number of wealthy children in Russia has increased by one half, but their total affluence – redoubled.

Consumer market booms in China

According to recent studies conducted by Economic Intelligence Unit, about 5% of consumers in world are inhabitants of China. The total amount of turnover in world is 36.9 trillion dollars (1.7 billion lats).


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