Real Estate & Property Investment News in Latvia from Propertyshowrooms.com

IMF and Latvia agreed on aid plan

Mon, 22 Dec 2008 00:00:00 GMT

The International Monetary Fund said it has reached a broad agreement with Latvia on an international aid package to help the Baltic state shore up its economy roiled by the global financial crisis, Bloomberg reports...

Latvia's economy fallen 4.6 pct in the Q3

Tue, 9 Dec 2008 00:00:00 GMT

In the Q3 Latvia's economy fell 4.6 pct compared to same period last year, Latvian Statistics announced...

Latvia’s IMF bailout plan maintains currency peg and trading band

Mon, 8 Dec 2008 00:00:00 GMT

Latvia’s International Monetary Fund- led bailout package will involve loans from other European governments and will maintain the country’s currency peg to the euro, the IMF said, Bloomberg reports...

airBaltic passengers number up 22 pct in October

Wed, 12 Nov 2008 00:00:00 GMT

The Latvian airline AirBaltic carried 22 pct more passengers in October then at the same month lat year. For the first time in its history, airBaltic has carried two million passengers in ten months...

Latvia bought lati last week after currency weakened to limit

Mon, 3 Nov 2008 00:00:00 GMT

The Latvian central bank bought LVL 39.3 mln in the domestic foreign exchange market last week to support the currency after it weakened to the limit of its trading band, the bank said on its Web site today, Bloomberg reports...

Minister: SAS ready to sell stake in airBaltic

Fri, 17 Oct 2008 00:00:00 GMT

SAS AB, the Nordic region's largest carrier, is in talks with Latvia to sell its minority stake in airBaltic AS, Latvian Transport Minister Ainars Slesers said, Bloomberg reports...

Ukio Bankas profit up 40 pct

Wed, 10 Sep 2008 00:00:00 GMT

AB Ukio Bankas, Lithuania's third- biggest publicly traded bank, said profit rose 40 pct through the first eight months of this year, without giving a reason for the increase, Bloomberg reports...

airBaltic in passangers number up 37 pct in August

Mon, 8 Sep 2008 00:00:00 GMT

The Latvian airline airBaltic carried 294,354 passengers in August, or 37 pct more than in the same month last year, when airBaltic transported 215,565 passengers...

Overhaul of taxes required in Latvia

Tue, 2 Sep 2008 00:00:00 GMT

Both entrepreneurs and tax specialists say that the current tax system which was created at the beginning of 90's needs a fundamental reassessment, Latvian business daily Dienas Bizness writes...

Latvian minister: state should buy airBaltic

Thu, 28 Aug 2008 00:00:00 GMT

In case the Scandinavian airline SAS is selling its holding in Latvian airBaltic at reasonable price, Latvia should use the pre-emptive right and acquire the airline completely...

Latvian unemployment rate down to 6.3 pct in Q2

Thu, 21 Aug 2008 00:00:00 GMT

Latvia's unemployment rate fell to 6.3 pct in the second quarter from 6.5 pct in the previous three-month period, Bloomberg reports...

Foreign investments up by 9 pct in Latvia

Tue, 19 Aug 2008 00:00:00 GMT

Not withstanding Latvian economic slowdown, foreign direct investment volume in core capital of Latvian companies in the first seven months of 2008 has increased by 9.1 pct or LVL 192 million compared to the corresponding period last year, Latvian business daily Dienas Bizness writes...

Hundreds of millions needed for Riga traffic infrastructure

Tue, 19 Aug 2008 00:00:00 GMT

It is estimated that at least LVL 346.5 million will be needed for construction of the biggest Riga traffic infrastructure objects, Latvian business daily Dienas Bizness writes...

Latvian economy grew 0.2 pct in Q2

Fri, 8 Aug 2008 00:00:00 GMT

Latvia's economy expanded in the second quarter at the slowest pace in 12.5 years as retail sales and manufacturing fell, Bloomberg reports...

Record profit from clear sky

Fri, 11 Jul 2008 00:00:00 GMT

Last year higher service tariffs and more transparent business of an undertaking have brought a record profit of LVL 28.3 mln to the biggest railway freightage company in the Baltic States – “Latvijas dzelzcels”...

Latvian June inflation rate falls to 17.7 pct on gas

Tue, 8 Jul 2008 00:00:00 GMT

Latvia's inflation rate fell in June for the first time in 13 months as food and gas prices rose at a slower pace, Bloomberg writes...

Dubious purchase

Mon, 7 Jul 2008 00:00:00 GMT

Undistinguished building in housing estate of Daugavpils city has been sold by LVL 2.48 million, which according to real estate specialists three times exceeds its market value...