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 [...]

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 [...]

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 [...]