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Ceturtdiena 16.08.2018 | Name days: Astrīda, Astra

10 billion dollars transferred via Latvian banks from Kazakhstan

Based on Latvian legislation friendly to banks, Latvian Prosecutor General's Office refrains from providing full legal help to Kazakhstan Prosecutor General's Office currently investigating 10 billion dollars theft from BTA bank and further laundering via Latvian banks.

Latvian IT market revives

The Latvian Internet technology field will be affected both by the earthquake in Japan and the economic situation in the euro zone, the IT wholesaler ALSO Latvia Board Chairman Juris Ducens points out.

Latvian life insurance market resumes growth

Latvian life insurance market is starting to recover from the slow-down in 2008 and 2009. Last year, insurance premiums written reach 43.1 million lats, 16% more than in 2009 with 36.3 million lats.

Bite first quarter revenues spike 10%

In the first quarter of 2011, the telecommunications operator Bite Latvija revenues increased by more than 10% to 6.9 million lats (EUR 9.9 mln), compared to the same period in 2010.

Number of registered companies doubles

In the first three months of 2011, nearly twice as many companies have been founded than in the same period a year ago, according to

State Audit Office calls upon Ombudsman to ensure budget planning and implementation meet requirements

By carrying out unexpected tax – the state social insurance compulsory contributions and individual income tax – advance payments at the extent of 31 thousand lats in December 2010, the Ombudsman's Office has not acted lawfully and economically with financial resources, the State Audit Office has concluded.

Belgians acquire Pure Food

The Belgian private capital company Puratos has bought fruit and berry fillings producer Pure Food, informs the company’s owner Aivars Žimants.

Changes in brewery SIA Valmiermuižas alus ownership structure

Beer producer SIA Valmiermuižas alus has introduced certain changes in its ownership structure, according to SIA Lursoft.

Amazon profit drops 33%

In the last quarter of the previous financial year, the Internet site net revenues fell by 33% – this is a more rapid decline than forecast by the Wall Street analysts.

EU commercial vehicles sales rise the fastest in Latvia

In the first quarter 2011, Latvia commercial vehicles sales spiked 321.6%, accounting for the most rapid rise in EU.

Competition Council imposes 163 130 lats fine on RIMI Group

The Competition Council has found restrictive agreement between RIMI Group companies – SIA RIMI Latvia, SIA Supernetto and SIA Plesko Real Estate – and the commercial space lessor SIA Marno J, the CC informed the business news portal BNN.

Mortgage Bank Chairman: no problems with finding investors for sugar-beet processing

It would be economically-viable to renew sugar production in Latvia and only the political will is necessary to advocate this, consider many experts, noting that Latvia should build a modern sugar factory that would also produce bio-ethanol and biogas.

Fraud activates again

Along with the increasing activity and sharp competition, fraudsters «revival» is predicted on the loan market.

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