BALTIC NEWS Recommended reading from the Baltic states

12Feb/110

Rudolf Meroni: LITASCO gives in and …

In their article dated February 11th, 2011, the Baltic News Network reports, that finally LITASCO decided to give in. Dr. Rudolf Meroni - the chairman of the supervisory board of AS Ventbunkers is only partly relieved. There were also reports on LITASCO in balticswww and in media-reading.

BNN reports, that Uldis Augulis who is the latvian Minister of Transport has called LITASCO and Ventbunkers to a meeting to resolve the current situation - the blocked Ventbunkers terminal and the blocked latvian railway system. LITASCO was represented by Mr. Andrey Polyakov.

19Jan/110

Merks Board Chairman: glad about tender loss

Ivars Geidāns

Ivars Geidāns

The Baltic News Network reports in their article dated January 17,2011:

On considering the history of this project, I am rather glad than regretful that we lost the tender. It turns we had calculated the most precise and beneficial construction price for the state, when compared to the competitors’ one.

Filed under: BNN, Business Continue reading
19Jan/110

Latvian Traders Association President: Latvia is too small

Henriks Danusevics, the President of the Latvian Traders Association

Henriks Danusevics

A BNN article from January 18, 2011: Latvia is too small for Lidl, who has other markets where to develop, the President of the Latvian Traders Association Henriks Danusevics told the business news portal BNN.

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15Jan/110

Latvian Employers Confederation forecasts salary climb

Construction work

Construction work

The BNN news network report in their article dated January 14, 2011 about a forecasted salary increase in the trade and construction industry.

The registered unemployment rate will drop in 2011 for sure – first and foremost due to the fact because jobless persons have already made use of all types of support programmes. It will not be beneficial for them to continue being unemployed, considers the Latvian Employers’ Confederation.

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13Jan/110

Post-crisis payment card counterfeit is not that smart

Zanda Brīvule-Jansone

Zanda Brīvule-Jansone

An article published on January 12, 2011 reports on counterfeits happened with paymend cards recently. The BNN baltic news network reports as follows:

Payment card forgers were smarter before the crisis, it was harder to catch them, however at the moment, probably because of the despair their methods are simpler, says the largest payment card service provider First Data Latvija Executive Director Zanda Brīvule-Jansone, asserting that clients money is in safe hands.

Filed under: BNN, Business Continue reading
7Jan/110

BNN: Vilnius shows the lowest food prices

BNN article on January 7th, 2011: Compared to the same period in 2009, most food product prices surged in all three Baltic Sates’ capitals in December 2010, according to the Agricultural Market Promotion Centre (AMPC) data.

All three Baltic States reported similar price changes at capitals’ stores – in late 2010 the prices were higher than at the end of 2009; yet lower than in late 2008.

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7Jan/110

Generosity campaign Angels over Latvia collects 414 265 lats in donations

Angels over Latvia

Angels over Latvia

In their article on January 7th, 2011 Baltic News Network reports: the third stage of Angels over Latvia, the generosity campaign for treatment of children, raised additional 81 351 lats at Rimi and Supernetto supermarkets.

6Jan/110

BNN predict latvian producer prices growth by 0.2%

BNN reports Increase in producer prices

BNN reports Increase in producer prices

In their article dated from January 5th, 2011 the Baltic News Network reports about the producer price growth in Latvia.

BNN points out that producer prices in Latvia surged 0.2% in November 2010, when compared to the previous month, forming the EU second slowest growth.

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4Jan/110

BNN reports on expected poultry price gains

Ingūna Gulbe head of the Agriculture Market Promotion Center

Ingūna Gulbe head of the Agriculture Market Promotion Center

On January 4th, 2011 the Baltic News Network published an article about expected price increases for poultry.

BNN states, that in December 2010 poultry price amounted to 14% more in shops and 7% more in markets, compared 2009, forming 1.87 LVL/kg and 1.82 LVL/kg respectively.

Due to BNN poultry traders in Latvia have significantly increased their prices in December 2010 - probably to take advantage of the holiday season.

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3Jan/110

BNN reports: Industrial production output falls 0.3%

In an article published on January 3rd, 2011 the Baltic News Network points out, that in November 2010 industrial production output at current prices formed  373.6 million lats, when compared to October 2010, the industrial production volume has dropped by 0.3%, according to seasonally adjusted data at constant prices.

Filed under: BNN, Economy Continue reading
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