Holidays, trips, fun…

Holidays, trips, fun… During the working period most of us dream of, expect, make arrangements for and at last get holiday. No doubt we are unlike that’s why people tend to have a great variety of likes. Some are incapable of having a rest not having warm salty sea water, sand, beautiful views, warm climate together with getting tanned. Some can’t live without camping and exciting mountain journeys, including reaching the mountain tops, fires as well as sleeping under the sky.

Swedbank in Latvia showed record profits and reduction of loan book

Financial group Swedbank in Latvia in the first quarter of 2011 worked at a profit, which amounted to 21.6 million lats, whereas in the same period last year Latvian group Swedbank worked with losses.

However, it was noted in the report of Swedbank that it was in Latvia (in comparison with other countries) where there is Swedish financial services group, by the end of first quarter of 2011 compared to the same period last year there was the most rapid decrease in the loan portfolio.

Profits of management of Latvian banks grew

In the first quarter this year, the expenditures of Latvian banks for payments of salaries to the members of boards and councils of credit institutions as compared to the same period in 2010 rose by 160,000 lats (9.2%) and amounted to 1.89 million lats.

Financial and Capital Market Commission – FKTK- provides this data. Bank expenses for salaries to professional staff not occupying the main leadership positions for the year were increased by 3% and amounted to 33 million lats.

Expert: half of Latvian economy is “black”

The Deputy Chairman of the Council of Small and Medium Enterprises at the Chamber of Commerce, Guntis Vilnitis believes that the percentage of “black” economy and “black” market may reach 50-60% in Latvia, as reported by the program De facto.

As we know, last week the Riga Graduate School of Economics presented an analysis of the shadow economy in Latvia.

After seven centuries of foreign domination, Latvia is again independent…

After seven centuries of foreign domination, Latvia is again independent, and is transforming into an economically strong and democratic state, ready for the challenges of the 21st century.

Despite the fact that history of the country began 3000 years ago, people living in four main areas – Latgale, Zemgale, Kurzeme and Vidzeme – had no central government, though they were lucky traders.

Teen camps, where children’s rest is arranged with love…

Teen camps, where children’s rest is arranged with love – are a bunch of experience, new discoveries, new friends and adventures!

Modern teen camps are significantly different from the idea, which might be firmly fixed in the minds of the parents since their childhood.

Former Foreign Minister of Latvia considers the country bankrupt

Former Minister of Foreign Affairs of Latvia Janis Yurkans believes that Latvian state went bankrupt and lost its independence.

“Latvia as a country went bankrupt.

If they will not lend us money – how we are going to pay the pensioners, how we treat people, etc?”- said Yurkans on Tuesday night in the program “Question with prejudice” on the Riga TV PRO100TV.

In Latvia, the amendments to the law “On electronic media,” were returned to the discussion

The Saeima (Parliament) of Latvia on Monday at an extraordinary meeting decided to transfer the amendments to the law “On electronic media” for reconsideration of the parliamentary commissions, informs the press service of the Seimas.

Under the amendments, television and radio channels with national status are required to broadcast in Latvian at least 65% of airtime.

In Riga, the event was held to mark the 69th anniversary of the entry into the Wehrmacht in the capital of Latvia

On July 1, in Riga, the event took place which was banned by Riga City Council and authorized by the decision of the Administrative District Court devoted to the 69th anniversary of the entry of troops of Hitler’s Germany in the capital of Latvia, a correspondent of REGNUM News reports.