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Monday, 24.04.2017, 10:19
The opening of the Grand Hotel Kempinski Riga is planned in June of this year, the hotel’s representative Liva Laivina told LETA.
Keyword tags: Good for Business, Latvia, Tourism
Bank of Estonia:Financial stability in Estonia could be threatened by rising prices and increasing transaction activity in the real estate market20.04.2017
Most of the risks to financial stability in Estonia are low in the near future. The ability of companies to service their loans is supported by a recovery in economic growth and slower growth in wages Transaction activity increased in the real estate market and prices started to rise faster, though this has so far been in line with rising incomes. Rapid growth continues in bank loans to companies and households. The debt of the non-financial sector fell as a ratio to GDP as borrowing from abroad was modest, and Eesti Pank is holding the countercyclical buffer rate at 0%. A tax on the financial sector may have a negative side effect on financial stability and the financing of the economy
Lithuania intends to distribute Eurobonds on international markets and is searching for banks that could organize the distribution of issues, international news agency Reuters reported, citing information from IFR writes LETA/BNS.
A drop in the number of potential moms is affecting the number of births in Latvia, demographer Ilmars Mezs told LETA.
Bite Latvija (Bite) mobile operator has acquired Unistars telecommunications company, taking a step towards launching a 5G service in Latvia, Bite head Kaspars Buls told LETA.
The northwestern Latvian port of Ventspils and two terminals operating there, Noord Natie Ventspils Terminals and Eurohome Latvija, have received an offer to participate in the Nord Stream 2 gas pipeline project by ensuring the storage and deliveries of pipes via Ventspils port, Ventspils mayor and the port’s board chairman Aivars Lembergs said at a news conference today citing LETA.
Lithuanian-owned charter carrier Small Planet Airlines posted 223.1 mln euros in revenue in 2016, up by 22.6% y-o-y, however, ended the year with a loss of 3.8 mln euros after netting a profit of 19.2 million euros in 2015, reports LETA/BNS.