Latvia

International Internet Magazine. Baltic States news & analytics Thursday, 02.07.2020, 14:26

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Latvian banks operated with EUR 17.4 mln in profit in Q1

Latvian banks operated with EUR 17.4 mln in profit in Q1

02.07.2020

The Latvian banking sector operated with EUR 17.438 million in profit in the first quarter of the year, which is a 4.2 times drop compared to the same period in 2019, writes LETA, according to the information from the Latvian financial regulator, the Finance and Capital Market Commission (FCMC).

Keyword tags: Banks, Deposits, Financial Services, Latvia



Air traffic between Latvia and Georgia could be resumed soon

Air traffic between Latvia and Georgia could be resumed soon

02.07.2020

According to the decisions made by the European Union (EU) and recommendations from the Center for Disease Prevention and Control (SPKC), the resumption of scheduled passenger air traffic between Latvia and Georgia is expected in the near future, Minister of Transport Talis Linkaits (New Conservative Party) posted on his Twitter account.

Number of poultry kept by Balticovo reached 3.1 mln in 2020

Number of poultry kept by Balticovo reached 3.1 mln in 2020

02.07.2020

The number of poultry kept by egg and egg product producer Balticovo has reached 3.1 mln this year, compared to 2.8 million poultry places last year, Toms Auskaps, Director of Communication and Development at Balticovo, told LETA.


In 2019, rise in forest regeneration and tending costs observed in Latvia

In 2019, rise in forest regeneration and tending costs observed in Latvia

01.07.2020

Data compiled by the Central Statistical Bureau of Latvia (CSB) show that in 2019, the average forest regeneration costs in Latvia comprised 705–860 EUR/ha, depending on the forest land quality group*. In 2018, these costs constituted 509–669 EUR/ha, while in 2017 those were 438–567 EUR/ha. Forest regeneration costs include expenditure on soil preparation, sampling expenses and planting costs.

Uncertainty weighs on spending in Latvia

Uncertainty weighs on spending in Latvia

01.07.2020

Three months spent in a lockdown have resulted in a considerable deterioration of the economic environment and have had negative repercussions in almost all sectors of the economy. With the COVID-19 outbreak starting to subside and the economic activity gradually recovering, we can now look back at the developments in the monetary aggregates over the most recent months.


01.07.2020

Police probe alleged falsificatiodn of ocuments in the dispute between Druzhba and LatRosTrans

Police have started a probe into allegations that some documents have been falsified to enable Polotsktransneft Druzhba win a legal dispute with LatRosTrans pipeline operator, legal representatives of LatRodTrans informed LETA.

01.07.2020

Rujienas ice cream maker saw 16.7% increase in turnover in 2019

SIA Rujienas Saldejums ice cream makers achieved EUR 2.71 million in turnover last year, which was 16.7% more than the previous year, writes LETA, according to Firmas.lv.

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