Date: 26.02.2020.

International Internet Magazine. Baltic States news & analytics Thursday, 06.08.2020, 18:27

Rietumu Banka reports EUR 18.5 mln in preliminary 2019 profit

Rietumu Banka reports EUR 18.5 mln in preliminary 2019 profit

26.02.2020

Unaudited results of operation of the bank and the Rietumu Group in 2019 have been published. In accordance with the financial statement, in 2019, the bank’s net profit amounted to EUR 18.5 mln, and the profit of the Rietumu Group reached EUR 23.7 mln.

Keyword tags: Banks, Financial Services, Good for Business, Latvia



Madara Cosmetics reports 21.1% rise of preliminary sales in 2019

Madara Cosmetics reports 21.1% rise of preliminary sales in 2019

26.02.2020

According to preliminary data, Madara Cosmetics concern last year reported EUR 11.545 mln in turnover, growing 21.1% from 2018, while the concern's profit increased 4.2% to EUR 1.58 mln, according to the company's financial statements submitted to the Nasdaq Riga stock exchange.

Rigas Piensaimnieks merged with Rigas Piena Kombinats

Rigas Piensaimnieks merged with Rigas Piena Kombinats

26.02.2020

The merger of Rigas Piensaimnieks dairy with Rigas Piena Kombinats has been completed, according to information published on Firmas.lv, writes LETA.


Estonian, Latvian developers to invest EUR 40 mln in new office building in Riga

Estonian, Latvian developers to invest EUR 40 mln in new office building in Riga

26.02.2020

Estonian and Latvian property developers Novira Capital and Regals Nami will invest about 40 mln euros in a seven-story office building in Riga, reported LETA.

Lithuanians lose money while investing via Cyprus' Royal Forex LTD

Lithuanians lose money while investing via Cyprus' Royal Forex LTD

26.02.2020

Over 100 Lithuanian residents have lost hundreds of thousands of euros while investing via Cyprus company Royal Forex LTD and its investment platforms GMO trading, but the central Bank of Lithuania admits chances of recovering the money are slim, the public broadcaster LRT's investigation division information reports LETA/BNS.


26.02.2020

Lithuanian companies lead in terms of milk product production among Baltics

Lithuanian milk processing companies produced more milk products last year than Latvian and Estonian companies together, reported LETA/BNS.


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