Latvian GDP best since 2008
RIGA — In the second quarter of this year, Latvia’s gross domestic product decreased by the smallest amount since the crisis began in 2008. Initial estimates by the country’s central statistics bureau...
View ArticleFlick: branding right purchase was discussed
RIGA — Following claims that airBaltic CEO Bertolt Flick bought the branding rights to the airline without the knowledge of the government, Flick has responded that he talked with the minister of...
View ArticleExpiration dates on 4 tons of coffee forged
RIGA — On Wednesday Latvian food inspection authorities uncovered an attempt by the Baltstor Ltd. retail chain to sell four metric tons of expired Merrild coffee by putting a false expiration date on...
View ArticleBaltics’ exports up most in EU
RIGA — The Baltic states have seen some of the largest increase in exports in the European Union during the first five months of 2010 according to the latest figures from Eurostat. Estonia has the...
View ArticleBaltic states, Scandinavia sign stability pact
VILNIUS — The Scandinavians brought the money and the Baltic states brought their untapped markets. Together they created the “Baltic Tiger,” one of the fastest-growing economies in the world for much...
View ArticleairBaltic, Riga airport settle out of court
RIGA — Latvian national airline airBaltic and Riga International Airport, both state-owned entities, agreed Tuesday to drop their lawsuits against each other and proceed cooperatively. Despite both...
View ArticleParex to return €565 mln in 7 years
RIGA — Parex Bank, which nationalized in 2008 to prevent it from going belly-up in light of the financial crisis, is promising to return 400 million lats (€565 million) to the Latvian government over...
View ArticlePhotojournalist is new Diena editor
RIGA — The revolving door of the Diena editor position is spinning again, with photographer Ilmārs Znotiņš being hired for the Latvian newspaper’s top spot on Tuesday. The newspaper’s editor Sergejs...
View ArticleUnemployment up in Lith, steady in Latvia
VILNIUS — Despite improving gross domestic product numbers as Latvia and Lithuania emerge from deep recessions, unemployment numbers have yet to improve. According to the most recent domestic figures...
View ArticleLatvian retail remains stagnant
RIGA — Latvian retail companies continue to struggle with stagnant turnover after last year’s massive plunge as the economic crisis hit full tilt. Tweets about “hotel industry news” While Latvia’s...
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