10.95 million euros scammed from clients of Latvia’s four largest banks in 11 months
Clients of Latvia’s four largest banks lost a total of 10.954 million euros to fraud over the first 11 months of this year…
Category: Business
BNN IN FOCUS | For years, Russia has seen our cargo — Latvia finally promises to stop this and move to Western solutions
By Ilona Bērziņa Latvian Railways (LDz) plans to completely abandon the use of the automated operational transport management system (APOVS) produced in Russia…
LVM Timber price reduction in Latvia – support or market adjustment?
The government’s decision to adjust three-year contract prices set by JSC Latvijas valsts meži (LVM) helped stabilize the sector at a critical moment,…
“Rīgas karte” has long been a source of scandals and excessive costs — liquidation proposed, Kleinbergs says
The Riga City Council’s Finance and Administration Affairs Committee will on Thursday decide on terminating the operations of SIA Rīgas karte, the municipality…
Ventspils Freeport begins electrification of ferry berth – the project will cost more than 4 million euros
The Ventspils Freeport will build an onshore power supply connection point for ships at the ferry berth for 4 million euros, the Freeport…
Opinion: Latvia’s oil product reserves — can we really be sure they are safe?
Opinion piece by Ilona Bērziņa Companies responsible for servicing the state’s emergency oil product reserves must be entirely above any suspicion of cooperating…
Fuel prices rise again in the Baltics
During the past working week, fuel prices increased in the Baltic capitals, with the only exception being the price of diesel fuel in…
Maxima Latvija has long engaged in unfair practices against suppliers, Competition Council finds
The Competition Council (KP) has imposed a fine of 1.873 million euros on retail chain SIA Maxima Latvija for violations of the Unfair…
Competition Council imposes 1.8 million euros fine on one of Latvia’s largest food retailers
The Competition Council (KP) has imposed a fine of more than 1.8 million euros on one of Latvia’s largest food retail companies for…
