Wed, 18 May 2011: Deadline approaches for arena completion…

There is better understanding. There was a list of additional jobs, things to be added for the arena, and it was necessary for the city council to make the decision to allocate additional money fo...

Wed, 24 Nov 2010: Pipeline’s days numbered…

Moreover, according to Dienas Bizness, the construction of a new pipeline could cost more than 310.2 million lats (442.8 million euros), as well as requiring problematic permits not only in Latvia...

Wed, 27 Oct 2010: Shiver me timber…

However, executives at Latvijas Finieris are applying psychological pressure on them, directly limiting shareholders’ rights to use their own discretion to decide what they want to do with t...

Wed, 15 Sep 2010: Tax reserves in surplus…

The reserves can be used only to pay benefits to the jobless, and nothing else. UIF council chairman Pevkur said on Sept. 13 that from 2012, unemployment insurance tax could be lowered as cutting...

Wed, 1 Sep 2010: Bombardier looks to expand Riga production…

We will need partners who will supply, for instance, the benches, the finishing materials, the lighting fixtures, the flooring materials and much, much more,” said Igaunis. If RVR secures th...

Wed, 19 May 2010: Employment rate at all-time low…

In the 1st quarter of 2009 the unemployment rate was 11.4 percent. Pajula stated that besides the absolute number of unemployed, its fast growth is also significant, as less than two years ago t...

Wed, 14 Apr 2010: The Boom within the Bust: Creativity Thrives in the Crisis…

They are not only weathering the storm, but have found ways to take advantage of the crisis. Edijs Vucens, 25, was a shop manager, and Zanete Skarule, 24, a VJ for MTV. Both were made redundant ...

Thu, 4 Mar 2010: The week’s top news in world financial markets from Maximus Capital…

The group’s jobs gauge rose to the highest level since January 2005. Combined with a report showing consumer spending in January climbed more than anticipated, the figures signaled the expan...

Thu, 10 Sep 2009: Privatization back on front burner…

"The state can't and shouldn't be an entrepreneur, but a judge who guarantees fair play on the market. Being a player and a judge at the same time isn't the most honest activity. Exceptions are co...

Thu, 10 Sep 2009: Rapid development planned for Riga’s port…

Slesers said that he is "perplexed why development of ports has not been set as a priority in Latvia." In a simplified view the development prospects, he expects that "The state will exit the [e...

Thu, 30 Apr 2009: The week’s top news in world financial markets from Maximus Capital…

When can we be confident about a turning point in claims? Historically, claims peaked anywhere up to two months before the end of recessions. Of course, they are notoriously noisy 's even the usua...

Wed, 8 Apr 2009: The week’s top news in world financial markets from Maximus Capital…

The pickup in the new orders component of the ISM report was particularly notable. The major exception to this tentative improvement is the continued collapse in the labor market. The headline num...

Wed, 8 Apr 2009: Prisma storming Lithuania…

Prisma has been very successful in Finland and Estonia," said Anu Huuska, Managing Director of Prisma LT. "I think this is a good time to introduce Prisma hypermarket to Lithuanian customers, beca...

Wed, 11 Feb 2009: The week’s top news in world financial markets from Maximus Capital…

saving rate reached as much as 12 percent in 1982 and dropped to 0.5 percent in 2008), Americans have been tightening their belts. Even with a stable income annualized expenditures would have fall...

Wed, 4 Feb 2009: Rentokil to invest in Lithuania…

Rentokil Initial acquired local company UAB Dezinfa, which employs around 100 people, to enter the market. "We chose to go with Dezinfa instead of making our own company because they are already ...

Wed, 10 Dec 2008: Unemployment on the rise …

Many experts are also at odds over the validity of the statistics from the LE, saying that their methodology is flawed. Udrenas, for example, refused to comment on the statistics from the LE bec...

Wed, 12 Nov 2008: New PM to slash spending …

Iceland's economy recently tanked, sending shockwaves through Europe. Another policy Kubilius mentioned is cutting government spending on public sector. This would also lead to the cancellation o...

Thu, 9 Oct 2008: Latvian government adopts 2009 budget with deficit …

Budget funding for ministries was slashed by 10.67 percent, saving 136.8 million lats. Prime Minister Ivars Godmanis said the decision to adopt the budget was a difficult one, especially taking ...

Wed, 9 Jan 2008: Google may build massive data center in Lithuania…

Unconfirmed information suggests that Google Inc. is prepared to build from the ground up an enormous computer facility at the cost of some 250 million euros. While it is not clear where the faci...

Wed, 29 Mar 2006: Ferries to keep Superfast brand name…

"This is because it doesn't make any sense to undermine the brand that has become familiar on the Hanko-Rostock line already. Superfast is known to some degree in Germany, whereas Tallink is full...

Wed, 22 Mar 2006: Emotions run high over airport souvenir rights…

You ride out the bad times, losing money for the first eight years or so, but keep going, providing jobs to 12 people and keeping over 100 suppliers around Latvia in business. Then, when you final...

Wed, 21 Dec 2005: Tallink to drop anchor in Riga in March…

Previously it was suggested that Tallink ferries could begin running between Riga and Stockholm as of Jan. 10, 2006, though many doubted the details could be hammered out that quickly. "The uncert...

Wed, 6 Jul 2005: Latvian sugar mills ponder cost of closure…

The quota for Latvian sugar producers is 66,000 tons. Rasbash explained that in order to receive compensation, sugar producers would have to give up the quota voluntarily, cease production, disman...
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