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Friday, 22.08.2014, 08:55
The Finnish Pohjola Bank subsidiary in Latvia has signed an agreement with Riga International Airport for a EUR 13 million loan to expand the airport's passenger terminal, informs LETA.
Keyword tags: Airport, Banks, Financial Services, Good for Business, Loan, Transport
The cooperative society of agricultural services Latraps has come up with new development plans. In order for them to see fruition, DNB banka has issued a EUR 10 million loan to Latraps, DNB banka spokeswoman Teika Lapsa informed the business portal Nozare.lv, cites LETA.
In order to provide support for food producers and farms that have been hit by Russia's export embargo, the government of Latvia will create a new finance tool by making changes to the partial interest rates repayment program, according to the "Regulations on the allocation of state and European Union funds to facilitate agricultural investing" introduced by the government, reports LETA/Nozare.lv.
The Estonian Krediidipank banking concern announced that it earned 459,000 euros of profit in the first half of the year 2014, LETA/Delfi Ärileht reports.
During a meeting with members of the Latvian Chamber of Commerce and Industry yesterday, Agriculture Minister Janis Duklavs (Greens/Farmers) said in the complicated situation which has arisen due to Russia's embargo of Latvian dairy product, the state must find possibilities to support the dairy sector as a whole by intervening in one way or another, reports LETA/Nozare.lv.
The Estonian government approved on Thursday a bill that sets an upper limit to the credit cost of consumer loans and is a part of the package of legislative acts the government is compiling to solve problems accompanying the controversial speed lending market, LETA/Public Broadcasting reports.
In the first six months of 2014, Nordea bank in Latvia operated with operating losses of EUR 22.2 million, Nordea bank's spokeswoman Signe Lonerte informed LETA.