Latvia

International Internet Magazine. Baltic States news & analytics Saturday, 30.04.2016, 02:37

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Putra: Latvian financial sector should work like a Swiss clock

Putra: Latvian financial sector should work like a Swiss clock

29.04.2016

Parliamentary Secretary, Ministry Edgar Putra thinks that the bank or the financial services industry Latvian should evolve in quality, rather than quantity direction, so that Latvia, like Switzerland, after some time be able to say that our banks work as precisely as a Swiss clock. Politician points to the important role of banks in economic growth, while developping loans.

Keyword tags: Analytics, Banks, Direct Speech, Economics, EU – Baltic States, Financial Services, Latvia



In March, retail trade turnover in Latvia grew by 0.3%

In March, retail trade turnover in Latvia grew by 0.3%

29.04.2016

Calendar adjusted data (at constant prices) compiled by the Data of Central Statistical Bureau (CSB) show that, compared to March 2015, in March 2016 total retail trade turnover rose by 0.3%. Retail trade in food products grew by 1.0%, whereas retail trade in non-food products – by 0.2%.

In Q1, GDP in Latvia dropped by 0.1%

In Q1, GDP in Latvia dropped by 0.1%

29.04.2016

Flash estimate of the Central Statistical Bureau (CSB) shows that, compared to the 4th quarter of 2015, in the 1st quarter of 2016, Gross Domestic Product (GDP) value dropped slightly – by 0.1%, according to seasonally adjusted data.


Government-funded pension scheme in Latvia has accumulated EUR 2.4 bln

Government-funded pension scheme in Latvia has accumulated EUR 2.4 bln

29.04.2016

The assets of pension plans under the government-funded or second-pillar pension scheme in Latvia grew by EUR 73 million in the first quarter of 2016 to EUR 2.4 billion at the end of March, the Finance and Capital Market Commission (FCMC) said, cites LETA.

Latvian Reverta distressed asset manager recovers EUR 61.3 mln in 2015

Latvian Reverta distressed asset manager recovers EUR 61.3 mln in 2015

29.04.2016

Latvia's distressed asset manager Reverta last year recovered EUR 61.3 million from the restructuring and sale of distressed assets. Reverta's loss amounted to EUR 45.5 million compared to EUR 57.5 million in loss in 2014, according to the comapny's audited financial report, cites LETA.

29.04.2016

Riga Electric Machine Building Works posts EUR 235,432 in audited loss in 2015

Latvia’s Rigas Elektromasinbuves Rupnica (Riga Electric Machine Building Works, RER) electric equipment maker last year sustained loss worth EUR 235,432 in contrast to a profit of EUR 42,116 in 2014, according to the company's audited financial report submitted to the Nasdaq Riga stock exchange, cites LETA.

29.04.2016

Rujienas Saldejums ice-cream maker posts 35% drop in turnover in 2015

Latvia's Rujienas Saldejums ice-cream maker in 2015 generated EUR 916,489 in sales, which is by 35% less from a year ago, reports LETA, according to Firmas.lv business database.

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