International Internet Magazine. Baltic States news & analytics
Monday, 22.09.2014, 03:09
Compared to July, producer prices in industry in August 2014 have not changed, according to the data of Central Statistical Bureau of Latvia. Producer prices of products sold on the domestic market rose by 0.2%, but prices of exported products declined by 0.2%; of which prices in exports to euro area countries decreased by 0.5%, but to non-euro area countries – did not change.
Keyword tags: Analytics, Industry, Latvia, Markets and Companies
DDB Latvia received a Gold Euro Effie for its campaign “Let’s Beat Stanford” created for the Stockholm School of Economics in Riga Alumni Association at the Euro Effie Awards Gala in Brussels’ Cercle de Lorraine business club last night.
The European Bank for Reconstruction and Development (EBRD) welcomes the decision by the government of Latvia to sell its stake in Citadele to a group of international investors led by the U.S. investment fund Ripplewood Holdings and Tim Collins, the founder and CEO of the fund, informs LETA.
Taking into account the current financial difficulties that a number of Latvian farmers are suffering due to Russia's food embargo, the Agriculture Ministry is planning to allot several support funds to farmers until the end of 2014, writes LETA.
The Latvian government has recognized the U.S. investors chosen as the most suitable buyers for Citadele Bank, as they are ready to pay an "honest price" at the same time offering a sound vision regarding the bank's development, one of the investors of the U.S. fund Ripplewood Holdings, Tim Collins, told LETA.
Google is the most popular brand in Latvia in 2014, as a survey carried out by DDB Latvija in collaboration with GfK Custom Research Baltic, PHD Latvija, and magazine "Kapitals" indicates, cites LETA/Nozare.lv.
Latvian Government Treasury long term debt securities in the amount of EUR 20 million, will be sold in an auction next week, September 24, according to information provided by "NASDAQ OMX Riga", cites LETA.