Date: 24.08.2018.

International Internet Magazine. Baltic States news & analytics Sunday, 26.05.2019, 02:38

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ABLV Bank to lay off 5% to 7% of employees by end-year

ABLV Bank to lay off 5% to 7% of employees by end-year

24.08.2018

ABLV Bank will by the end of the year lay off 5% to 7% of employees, informs LETA referring to the bank's liquidator Arvids Kostomarovs.

Keyword tags: Banks, Employment, Financial Services, Labour-market, Latvia, Markets and Companies



Task force set up for representing Latvia’s interests in development of strategy for Lattelecom, LMT

Task force set up for representing Latvia’s interests in development of strategy for Lattelecom, LMT

24.08.2018

A task force has been set up to ensure representation of Latvia’s interests in development of the strategy for Lattelecom and Latvijas Mobilais (LMT) telecommunication companies, informs LETA referring to the statement published in Latvia’s official gazette Latvijas Vestnesis.

Police launch criminal procedure at request of ABLV Bank on spreading false news about financial sector

Police launch criminal procedure at request of ABLV Bank on spreading false news about financial sector

24.08.2018

At the request of to be liquidated ABLV Bank, the Chief Criminal Police Department has launched a criminal procedure on spreading false news about the situation in the Latvian financial sector, informs LETA referring to the Latvian State Police chief Ints Kuzis.


Baltic Dairy Board withdraws application for legal protection process

Baltic Dairy Board withdraws application for legal protection process

24.08.2018

Latvian dairy company Baltic Dairy Board has withdrawn its application for a legal protection process, informs LETA.

Sales of Madara Cosmetics company up 30% in H1

Sales of Madara Cosmetics company up 30% in H1

24.08.2018

Latvia’s Madara Cosmetics company in the first six months of 2018 generated 4.66 mln euros in sales, which is by 30% more than in 2016, while the concern’s profit rose 39.8% to 995,991 euros, informs LETA.


24.08.2018

Latvian National Culture Center demands 76,512 euros from Bilesu Paradize ticket service for allegedly unlawfully collected commission

The Latvian National Culture Center (LNKC) demands 76,512 euros from Bilesu Paradize ticket service it has collected for use of the online system while purchasing tickets to the Song and Dance Festival events, informs LETA referring to the festival’s spokeswoman Inga Vasiljeva.

24.08.2018

Prosecutor's office arrests property of Spruds family's company, bringing Skanste neighborhood development project to a halt

The prosecutor's office has arrested property of the joint-stock company Projekts B10 that belongs to former insolvency administrator Maris Spruds and his relatives, which means that the Riga City Council will not be able – at least for now – to buy several land plots necessary for the development of Skanste neighborhood in Riga, informs LETA.

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