International Internet Magazine. Baltic States news & analytics
Tuesday, 25.04.2017, 13:22
Although the assets of Latvia’s banks servicing foreign clients decreased last year, the Top-three of Latvia’s largest banks by assets remained unchanged and included Swedban, ABLV Bank and Rietumu Banka, according to information provided by the Association of Latvian Commercial Banks writes LETA.
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The Administrative Regional Court partly satisfied the claim that Euromin Holdings (Cyprus) Limited (Euromin), a company of Vitol Group, had filed against the Latvian financial regulator, the Finance and Capital Market Commission (FCMC), in a dispute over the price of shares in Ventspils Nafta holding company in the mandatory buyout offer, the court said LETA/BNS.
Finnish carrier Finnair has cancelled several flights on the Riga-Helsinki route this Friday due to a looming strike at Helsinki Airport, reports LETA.
Attarat Power Company (APCO) has announced that it has reached financial close for the 2.1-billion-U.S.-dollar project to build the first oil shale fired power station and open cast mine in Jordan, reports Eesti Energi.
In February 2017, Latvia’s registered unemployment rate decreased by 0.1 percentage points (ppt) to 8.4%, according to information released by the State Employment Agency writes LETA.
Progress has been reported in the Kaunas combined heat and power ( CHP ) plant project that has been subject to heated discussions – 75 million euros worth of contracts were Thursday signed with German, Finnish, French and Czech companies, writes LETA/BNS.
According to Juris Kanels, Chairman of the Airport's Supervisory Board, the Supervisory Board of SJSC "Riga International Airport" has decided to nominate Board Member Ilona Līce for the currently vacant post of Chairman of the Board.