Business
Candidate for Anti-Corruption Bureau Wants KNAB to Become Independent Institution
By admin at 15 November, 2011, 1:33 pm
Jaroslavs Streļčenoks, the winner of a tender to find a new head for the Latvian Corruption Prevention and Combating Bureau (KNAB), believes that the anti-corruption bureau must become an independent institution and that a council might be set up to restrict the KNAB chief’s powers, the Baltic News Service reported. According to the Rīga-based newswire, [...]
Read More >>Government Accepts Further Actions to Establish a Development Bank
By admin at 15 November, 2011, 1:30 pm
On November 1, in line with the decision of the Cabinet of Ministers (CoM) on transforming the state Hipoteku un Zemes Banka AS (JSC Mortgage and Land Bank of Latvia) into a development bank, the government assigned the Ministry of Finance to establish an advisory council by November 15 to coordinate state aid mechanisms. The [...]
Read More >>Latvia’s Citadele Bank is Worth at Least EUR 146 Million
By admin at 11 October, 2011, 2:38 pm
The estimated value of Latvia’s state-owned Citadele Bank is at least 103 million lats (EUR 146.5 million), the bank’s CEO, Juris Jakobsons, said in an interview published on Monday, October 10, in the business newspaper Dienas Bizness (DB), the Baltic News Service reported. According to the Rīga-based newswire, when commenting on the possible selling price [...]
Read More >>Belgian Investment to Latvia has Increased
By admin at 31 August, 2011, 12:56 pm
On August 24, Prime Minister Valdis Dombrovskis held a meeting with Ambassador of Belgium Leopold Merckx during his farewell visit. The Prime Minister recognized the increasing investment volume of Belgium to Latvia and called on Belgium to continue promoting the economic cooperation as one of the key priorities of cooperation between the two countries. During [...]
Read More >>Dutch Investors Planning EUR 71 Million Investments in Baltic Companies
By admin at 24 August, 2011, 9:50 am
Dutch investment fund BGF.BV is planning to invest a total of 50 million lats (EUR 71 million) in companies in the Baltic region over the next five years, the company’s representative Arnis Dāvidnieks told the Baltic News Service at a news conference on August 18. Dāvidnieks said that BGF.BV was founded in the Netherlands this [...]
Read More >>President Zatlers Invites Italian Businesses to Invest in Latvia
By admin at 12 April, 2011, 12:13 pm
While attending the annual meeting of the Arraiolos Group in Hungary, President of Latvia Valdis Zatlers met with President of Italy Giorgio Napolitano to discuss bilateral relations, opportunities for economic co-operation, as well as aspects of energy and security policies. Both countries are preparing to take over the rotating presidency of the European Union – [...]
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