Aven receives approval to transfer 235.9 million into frozen Latvian bank account
Russian-Latvian dual citizen and billionaire Petr Aven has received authorization to transfer 235.9 million euros into a frozen bank account in Latvia from…
Category: Business
Three LDz subsidiaries to be merged
To optimise costs and operational processes, it is planned to merge the three subsidiaries of “Latvijas dzelzceļš” SJSC (LDz) – LDz Cargo Ltd,…
600 million? Unofficial LMT and Tet buyout price revealed – government remains silent
The estimated value of the buyout deal for the telecommunications companies Latvijas Mobilais Telefons (LMT) and Tet may reach approximately 550–600 million euros,…
From a small budget to millions – how much profit has Flow made?
The worldwide box office revenue of director Gints Zilbalodis’s award-winning animated film Flow reached 36 million US dollars (over 33 million euros) as…
Will the new minister of Transport repeat the mistakes of his predecessor? Dispute over port leadership
Unofficial sources indicate that the Ministry of Transport (SM) intends to reappoint senior official Inguna Strautmane as the Chairman of the Board of…
Experts criticize Siliņa’s “restart”: it will do nothing for the economy
From an economic perspective, there is nothing in Prime Minister Evika Siliņa’s (JV) proposed government “restart” plan that could provide any additional boost,…
Alcohol prices on a rise in Latvia – how much does wine, beer and strong beverages cost now?
From Saturday, the 1st of March, excise duty rates for all types of alcoholic beverages in Latvia will increase, as reported by the…
Krauze: we cannot appoint people to port management if they do not have support from entrepreneurs
The Ministry of Transport has failed to appoint its representative – Inguna Strautmane – to the Board of Ventspils Freeport. According to unofficial…
Entrepreneurs demand: Latvia’s port development and state fund use must be evaluated in government restart
Opinion piece “The Ministry of Transport has become one of the most problematic institutions, directly impacting Latvia’s economic development. If Prime Minister Evika…
