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 [...]
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Profits of management of Latvian banks grew
May 16th, 2011 
admin 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 [...]
Expert: half of Latvian economy is “black”
May 15th, 2011 admin 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 [...]
Former Foreign Minister of Latvia considers the country bankrupt
July 2nd, 2010 admin 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 [...]
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