Daily magazine about Latvia www.latviannews.lv
Patience is the art of hoping.
Luc de Clapiers de Vauvenargues
www.freecity.lv
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898

Majority of shell companies serviced by Latvian banks are based in the UK

The majority of clients of Latvian banks are shell companies registered in the United Kingdom, as reported by Finance and Capital Market Commission.
848

Minister: we will have to check the winner of KVV Liepājas metalurgs rolling stock auction

Security Institutions should check the winner of the auction for the sale of KVV Liepājas metalurgs rolling stock equipment – Austrian Smart Stahl GmbH, said Economy Minister Arvils Ašeradens in an interview to Panorāma programme of LTV.
860

Prime minister: shell companies have begun leaving Latvian banks

We have noticed that shell companies have started leaving Latvian banks, said Prime Minister Māris Kučinskis in an interview to Rīta panorama programme of LTV.
888

Maxima: turnover grew in food stores at the beginning of 2018

Retail trade turnover in food stores grew by 9% in January 2018 when compared to the same month of 2017. This includes 5.8% increase in non-specialized stores and 62.2% in specialized stores, according to information from Maxima retail compass industry review.
892

Diena: ex-minister plans to build a pharmaceutical factory in Uzbekistan

The newly founded company SVC Group, which belongs to the now former Healthcare Minister of Latvia Guntis Belēvičs and deputy chairman of Latvijas gaze, chairman of Itera Latvija and Dinami Riga council Juris Savicskis, plans to build a pharmaceutical factory in Uzbekistan, as reported by Diena.
969

Commissioner: Latvia should provide a clear response to situation in its financial sector

The scandal in Latvia’s financial sector has been reported far and wide in the European Union. This is why it is highly important for Latvia to provide a clear reaction to all this, said Vice-President of the European Commission for Financial Stability, Financial Services and Capital Market Union Valdis Dombrovskis in an interview to Rīta panorama programme of LTV.
929

Baltic shareholders agree to keep Baiba Rubesa in charge of RB Rail

RB Rail CEO and board chairperson Baiba Rubesa will keep her post. This was decided by shareholders during the 22 March meeting. «The supervisory council had previously mentioned the CEO’s contribution to the company’s development. Still, we intend to find solutions and continue realizing Rail Baltica project,» said RB Rail Supervisory Council chairperson Riia Sillave.
973

Farmers in Latvia dissatisfied with resolution of electricity-related problems

Two months have passed since farmers in Latvia had received unjustifiably large electricity bills. Countless meetings and discussions have taken place in those two months. Unfortunately, no decisive measures have been undertaken to resolve the problem. Farmers are confused with decision-makers’ incisiveness in a matter important to the national economy, as noted by the Farmers’ Saeima.
990

Profits of Latvian State Roads increased by 8.6% last year

Turnover of Latvian State Roads reached EUR 14.529 million last year, which is 10.3% more when compared to 2016. The company’s profits increased by 8.6% – to EUR 59,485, according to the published interim financial report.
1110

KVV Liepājas metalurgs’ steelworks bought out by Austrian Smart Stahl

The auction for the sale of the insolvent KVV Liepājas metalurgs rolling mill equipment concluded with the victory of Austrian Smart Stahl GmbH, as confirmed by insolvency administrator Guntars Koris.
Photo
Celebrations the 25th anniversary of the fall of the Berlin Wall
Entertaiment & Arts

20 000 Euro Prize Money Paid out to Artists

On 6 July, awards ceremony and opening of the juried exhibition “Martinsons Award” marked the end of the 2nd Latvia International Ceramics Biennale. The biennale was part of the Latvian centenary programme and was organised with a view to developing contemporary ceramics as a discipline, promoting cooperation among the Baltic states and commemorating the artistic legacy of Pēteris Martinsons, who is widely considered the father of Latvian contemporary ceramics.