International Internet Magazine. Baltic States news & analyticsSaturday, 13.03.2010, 00:53
Manufacturing turnover in Latvia decreased by 3.7% in January
12.03.2010Compared to December 2009 manufacturing turnover1 at current prices (according to seasonally adjusted data2) in January 2010 has decreased by 3.7%, of which in export – by 9% and in domestic market it grew by 1.2%, according to the data of the Central Statistical Bureau. Compared to January 2009, manufacturing turnover according to working day adjusted3 data in January 2010 decreased by 6.9%.
Keyword tags: Analytics, Industry, Latvia, Markets and Companies
LVL 1 mln invested in Recro automatic transmission remanufacturing plant in Cesis
12.03.2010Company Recro has invested LVL 1 million into Eastern Europe's only automatic transmission remanufacturing plant, which is located in Cesis, as Lietiska Diena writes today.
News Corp leaves Central and East European region by selling its stakes in LNT and TV5
12.03.2010With the sale of its stakes in the Latvian TV stations LNT and TV5, U.S. media magnate Rupert Murdoch's News Corporation has left the Central and East European region, as the British media news portal Broadband TV News reports.
Businessmen political party to be established at end-March in Latvia
12.03.2010A group of little-known businessmen, who deny any connection with Riga Deputy Mayor Ainars Slesers (Latvia's First Party/Latvia's Way), has decided to establish a new political force on March 27, called Latvia – Presidential State, as the newspaper Diena writes today.
Riga travel agencies and Latvia-made products presented at conference in St. Petersburg
12.03.2010Riga travel agencies and Latvia-made products are being presented in St. Petersburg today, as the Riga City Council informed LETA. Riga Mayor Nils Usakovs (Harmony Center) opened a conference in St. Petersburg today, called "Riga and St. Petersburg: Partnership and Cooperation".
Andris Skele proposes public agreement to improve economic situation in Latvia
People's Party leader Andris Skele's plan to improve the economic situation in Latvia includes the immediate signing of a public agreement between the social partners. He also met with to discuss these measures First Party/Latvia's Way leader Ainars Slesers and For Latvia and Ventspils leader Aivars Lembergs.
Rigas miesnieks to acquire controlling interest in competitor Jelgavas galas kombinats
The meat processing company Rigas miesnieks is to acquire a controlling interest in its competitor Jelgavas galas kombinats. Rigas miesnieks, which belongs to the HKScan concern, is planning to acquire 90.85% of shares in Jelgavas galas kombinats from Masa capital partners, Sidrabene and UPCF.
Tallinna Vesi operating profit increased by 9.8% in 2009
Water supply and wastewater collection and treatment services enterprise Tallinna Vesi in 2009 earned operating profit from water and wastewater related in amount of 414.4 million kroons activities which is 9.8% more, year-on-year. The company's operating profits from other activities increased by 70.2% and totaled 47.5 million kroons.
Tallinn hospital spends 450 mln kroons without tendering
Estonian State Audit Office revealed that East Tallinn Central Hospital has made a purchase of services valued at 450 million kroons without organising a public tender, LETA/BBN reports.
Slesers: many employers and business-people will enter politics in Latvia
A completely new movement has begun in Latvian politics, and new people will soon come into the fold. If the People's Party and Latvia's First Party/Latvia's Way (LPP/LC) can become part of this movement, we will be able to speak about the possibility of working together in the fall Saeima elections, said Riga Deputy Mayor and LPP/LC leader Ainars Slesers in an interview on Latvian State Radio this morning.
Latvian government approved Entrepreneurship Environment Improvement plan for 2010
On March 9, the Latvian government approved the eagerly awaited Entrepreneurship Environment Improvement plan for 2010. Economics Minister Artis Kampars stressed the theme “faster, cheaper, fewer procedures” as the way in which the government will help businesses strengthen the economy, reported BC the Latvian Institute.
LNT management takes over LNT and TV5
Ownership at the television companies LNT and TV5 has changed hands – LNT's management or the joint-stock Neatkarigie nacionalie mediji has acquired controlling interest from the News Corporation media magnate.
Vilkyskiu Pienine sales rocketed by 51% in February
Sales of Lithuania-based milk processing company Vilkyskiu Pienine in February 2010 amounted to 17.5 million litas, representing 51-% increase in comparison with the corresponding month of 2009, Vilkyskiu Pienine reported to NASDAQ OMX Vilnius.
EU Green Paper on Forest Protection
A specific instrument exists in the EU decision-making procedures, which is called “Green Paper”. The purpose of such papers is to launch a public debate on a future legislative proposal that can eventually evolve into an EU law, as either a directive, regulation or decision. In the beginning of March, the Commission launched a public debate on forest issues, including protection and management.
Nordea: 59% Latvian citizens have considered starting a business
The majority of Latvian citizens (59%) have considered starting their own business, according to a survey carried out by Nordea banka. However, only 5% of respondents had already drawn up a business plan or looked for potential business partners, Nordea banka Senior Economist Andris Strazds said at a press conference today.
Closer cooperation model for the Baltics and the EU 
