Date: 02.05.2017.

International Internet Magazine. Baltic States news & analytics Sunday, 28.05.2017, 17:41

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Mego to cut share capital

Mego to cut share capital

02.05.2017

Retail trade company Mego will reduce share capital from the current EUR 3 mln to EUR 20,000, according to a statement printed in the government gazette Latvijas Vestnesis today wirtes LETA.

Keyword tags: Financial Services, Latvia, Markets and Companies, Retail



Agricultural area in Latvian holdings is growing

Agricultural area in Latvian holdings is growing

02.05.2017

Provisional data of the Farm Structure Survey 20161 compiled by the Central Statistical Bureau (CSB) show that, over the three recent years the average agricultural area on average managed per holding has grown by 19.6%.

Foreign travellers stayed in Latvia for a longer time in 2016

Foreign travellers stayed in Latvia for a longer time in 2016

02.05.2017

According to the latest data of the Central Statistical Bureau (CSB), in 2016 foreign travellers crossed the border of Latvia 6.8 mln times, which is 0.7% less than during the previous year. Last year foreign travellers spent EUR 645.2 mln in Latvia – EUR 97.0 mln or 13.1% less than in 2015.


Losses reduce subsequent risk taking among bettors – applies to many other risky decisions, too

Losses reduce subsequent risk taking among bettors – applies to many other risky decisions, too

02.05.2017

Psychologically, loss is known to cause about twice as much pain as pleasure caused by similar gain. However, earlier studies focusing on how prior outcomes affect subsequent risk taking have reported conclusions that appear mutually contradictory.

Unity not to back tax reform plan before it has been thoroughly elaborated

Unity not to back tax reform plan before it has been thoroughly elaborated

02.05.2017

Unity party will not back the tax reform plan, proposed by the Finance Ministry, before it has been thoroughly elaborated, Solvita Aboltina, the leader of the Unity faction in Saeima, said after a meeting with Prime Minister Maris Kucinskis (Greens/Farmers) today, writes LETA.


02.05.2017

Baltic RE Group buys 91.11% of shares in TER Properties

Latvia's real estate company Baltic RE Group has acquired 91.11% of shares in TER Properties that, through a subsidiary, owns real estate in a prime location in Riga, the company said in a statement to the Nasdaq Riga stock exchange.

02.05.2017

Small Planet Airlines announced revenue growth and record winter activity

Lithuanian leisure carrier Small Planet Airlines (SPA) has announced financial results for the year 2016. The company maintained revenue growth with the annual revenue reaching 223,1 mln EUR – 22,6% more when compared to 2015. SPA’s profitability, on the other hand, was less satisfying: due to unexpected aircraft maintenance and flight delays leisure airlines ended up with a loss of 3,8 mln EUR, contrary to a profit of 19,2 mln EUR in 2015. SPAs EBITDA margin shrunk to 11,7% (26 mln EUR), SPA representative informed BC.

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