International Internet Magazine. Baltic States news & analytics
Wednesday, 27.08.2014, 19:55
Latvian airline airBaltic has achieved a net profit of EUR +14 million for the first half of 2014. airBaltic has turned around the Jan-Jun 2013 loss of EUR -12 million, converting it into a net profit of EUR +14 million for the same period in 2014, despite new challenges in the eastern markets, informed BC Janis Vanags.
Keyword tags: Airport, Financial Services, Good for Business, Latvia, Transport
A pan-Baltic study carried out by SEB indicates that more than half of people planning to buy cars in Latvia and Lithuania do not intend to spend more than 5,000 euros, writes LETA/Postimees Online.
Although Latvian Agriculture Minister Janis Duklavs (Greens and Farmers' Union) originally indicated that the dairy industry would receive EUR 13.9 million in compensation to reduce the impact caused by Russia's food embargo, the government decided yesterday to only allot EUR 6 million, reports LETA/Nozare.lv.
Latvia's banking sector operated with a profit of EUR 211.2 million in the first seven months of 2014, reports LETA, referring to operative information provided by the Financial and Capital Market Commission.
Two of the remaining four potential buyers for the insolvent metallurgical company Liepajas metalurgs have serious intentions for the Liepaja company; the one bidder – with which talks on the sale of Liepajas metalurgs will be held, will be announced later this week, as Liepajas metalurgs insolvency administrator Haralds Velmers told the Nozare.lv business portal, cites LETA.
The National Audit Office has completed a financial (regularity) audit of the Ministry of Transport and Communications for the year 2013, reports LETA/ELTA, referring to the National Audit Office.
Companies that were forced to face financial difficulties due to Russia's food embargo, will receive a tax-payment extension for up to five years in Latvia, the government decided yesterday, informs LETA.
In July 2014, the volume of loans and leasing contracts issued to enterprises and households continued growing at a moderate pace, writes Äripäev.ee/LETA.
Yesterday, the government of Latvia approved allocating an additional EUR 5.5 million for healthcare from the Finance Ministry's budget subprogram "Government Debt Management", reports LETA.
President of Lithuania Dalia Grybauskaite introduced members of the Government with her insights regarding priorities for the new political season. They are comprised of seven sets of tasks, related to domestic and external political challenges, reports LETA/ELTA.
Ministries and other state institutions have requested a total of EUR 567.028 million for new political initiatives in 2015, EUR 941.31 million in 2016, EUR 1.199 billion in 2017, as the Finance Ministry's data indicates, cites LETA.
Citadele Bank will have only one single investor for strategic reasons, Prime Minister Laimdota Straujuma revealed in an interview on the Latvian Television morning news show "Rita Panorama", cites LETA/Nozare.lv.
Statistics Lithuania informs that in II quarter 2014 average gross monthly earnings in the whole economy (individual enterprises excluded) totalled LTL 2355.7, and against I quarter 2014, increased by 1.7%.
Valdis Keris, the head of the Latvian Trade Union of Health and Social Care Employees, opined during an interview on LTV this morning that Prime Minister Straujuma's proposed EUR 40 million for the healthcare field is a "modest promise that will not solve the problems", reports LETA.
Latvia's transit sector is not endangered at the moment, and there is "no need to frighten ourselves with horror scenarios," President of the Bank of Latvia, Ilmars Rimsevics said in an interview on the LNT news show "900 sekundes" this morning, commenting on the public concern about Latvia's economy if Russia decides on additional sanctions, informs LETA.