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Business news in Riga

Today 15:05East Capital's third Baltic fund adds Galleria Riga mall to portfolio    ( IP Real Estate )
Earlier this month, the emerging and frontier markets focussed asset manager also announced that the fund has bought a newly built logistics and industrial park in Riga, for €10.6m. The fund, which has an equity capital of €100m, currently has three properties in Estonia and two in Latvia.
Today 09:05More than half of economically-active residents have debt liabilities - Credit Information Bureau    ( Baltic Times )
RIGA - More than half of the economically-active residents of Latvia have debt liabilities, the Credit Information Bureau told LETA. According to the Central Statistical Bureau's data, at the moment Latvia has 980,000 economically-active residents 15 to 74 years old, while the Credit Information Bureau's ...
Today 07:05Latvian bank asks US to hold off money laundering sanctions    ( Washington Post )
RIGA, Latvia — Latvian bank ABLV has rejected the U.S. government's findings that it “institutionalizes money laundering” and helps evade sanctions as “hyperbolic,” saying they refer to old practices it has now changed. ABLV was accused by the U.S. Treasury in February of encouraging money ...
Yesterday 18:05New Hanza Capital, AS Audited Results for 2017 Approved    ( GlobeNewswire (press release) )
Riga, Latvia, 2018-04-20 14:28 CEST (GLOBE NEWSWIRE) -- New Hanza Capital, AS Council and Board approved the audited consolidated and company's separate annual reports of New Hanza Capital, AS for 2017. In the reporting period, the group gained profit of EUR 7.94 million after taxes.
Yesterday 16:05Latvian Lender Requests US to hold off Money-laundering sanctions    ( Independent Recorder )
RIGA, Latvia — Latvian financial institution ABLV has resisted the U.S. government's findings which it “institutionalizes currency laundering” and assists prevent sanctions because “hyperbolic,” saying they refer to older clinics it's now changed. ABLV was enticed with the U.S. Treasury in February of ...
Yesterday 15:05Latvian bank asks US to hold off money laundering sanctions    ( Tampabay.com )
RIGA, Latvia (AP) — Latvian bank ABLV has rejected the U.S. government's findings that it "institutionalizes money laundering" and helps evade sanctions as "hyperbolic," saying they refer to old practices it has now changed. ABLV was accused by the U.S. Treasury in February of encouraging money ...
Yesterday 13:05IMGL MasterClass about Sweden and Denmark at Mare Balticum Gaming Summit 2018    ( CalvinAyre.com )
Riga – 20 April 2018 – The organizers of Mare Balticum Gaming Summit 2018 are excited to announce that the panel discussion which is dedicated for the Swedish and Danish market updates is ... The limit of the event is 70 and there are only a couple of seats left for this wonderful opportunity in Latvia.
Yesterday 01:05Coinweb ICO (XCO Token): Multichain Crypto Token Wallet Address?    ( Bitcoin Exchange Guide (blog) )
He's the former community director and developer at Counterparty. Other key members of the team include co-founders Knut Arne Vinger (Chief Technical Officer) and Pancho Vanhees (Investor Relations). Coinweb is a global organization, although most of the team is based in Riga, Latvia.
04/19/2018 18:05Uzbek, Latvian textile companies ink export contracts    ( Trend News Agency )
Baku, Azerbaijan, April 19. By Fikret Dolukhanov – Trend: Uzbek companies signed contracts for the supply of textile and sewing and knitting products worth $332,000 within the framework of the international Baltic Fashion & Textile - 2018 textile exhibition in Riga (Latvia), the press service of the ...
04/19/2018 18:05NHC 5, SIA Increased Share Capital    ( GlobeNewswire (press release) )
Riga, Latvia, 2018-04-19 14:43 CEST (GLOBE NEWSWIRE) -- On April, 2018, New Hanza Capital, AS subsidiary NHC 5, SIA increased its share capital by EUR 8.19 million now amounting to EUR 8.2 million. In NHC 5, SIA share capital there are now properties owned by ABLV Bank, AS at 21A ...
04/19/2018 13:05Latvia Probes More Bank Leads From US After Financial Scandals    ( Bloomberg )
He wouldn't give specifics on the leads or say whether more Latvian banks may follow the fate of ABLV Bank AS, which the European Central Bank ... the sector as soon as possible because it's the matter of not only the international reputation of Latvia but also national security,” Rinkevics said in Riga, ...
04/19/2018 12:051 in 10 Estonians came to Latvia for booze last year    ( Eng.Lsm.lv )
... has led to a situation in which high-volume, low-cost booze warehouses have sprouted close to the border allowing visitors from the north to stock up. While the large retail outlets may not be pretty, they do bring millions of euros into the Latvian economy and provide jobs in areas well away from RÄŤga.
04/19/2018 10:05British Steel company wishes to acquire KVV Liepajas Metalurgs    ( Baltic Times )
RIGA – The British Steel consortium has repeatedly voiced a wish to purchase Latvia's insolvent KVV Liepajas Metalurgs steelworks as a whole, according to a letter written by British Steel at the disposal of LETA. A consortium that includes British companies British Steel and Greybull Capital and ...
04/18/2018 11:05ABLV Bank, AS Increases Share Capital of Two of Its Subsidiaries    ( GlobeNewswire (press release) )
Riga, Latvia, 2018-04-18 07:42 CEST (GLOBE NEWSWIRE) -- This is to inform that ABLV Bank, AS has increased share capital of two of its subsidiaries — Pillar Development, SIA and New Hanza Centre, SIA (formerly known as ABLV Building Complex, SIA). The share Capital of Pillar Development, ...
04/18/2018 10:05Central Asian republics and the Baltic states are expanding areas of cooperation    ( http://www.kazakh-tv.kz/ )
During a trade mission in Riga, the parties signed agreements worth more than US$120 million. According to the businessmen, this will ... During the three-day program, the participants of the trade mission of the Central Asian countries visited the largest cities of Latvia. They presented their products and ...
04/17/2018 21:05Olainfarm's Sales in March Exceed 10 Million Euros.    ( GlobeNewswire (press release) )
Major sales markets of AS Olainfarm in March were Russia, Latvia and Belarus. ... Stable growth was also demonstrated by sales in established markets like Russia, Belarus, Latvia and Lithuania. ... Major sales markets of Olainfarm Group during three months of 2018 were Latvia, Russia, and Belarus.
04/17/2018 12:05New Hanza Capital, AS Paid Out Coupons Amounting to EUR 245 000    ( GlobeNewswire (press release) )
Riga, Latvia, 2018-04-17 08:40 CEST (GLOBE NEWSWIRE) -- New Hanza Capital, AS has paid out the first coupons amounting to EUR 245 000 to the NHC FXD EUR 161022 (LV0000802312) ... The bonds are included in the regulated market — Baltic bond list of Nasdaq Riga — on 19 October 2017.
04/15/2018 12:05ABLV Bank to fire 250 employees in April    ( Baltic Times )
RIGA – Latvia's ABLV Bank whose shareholders made a decision on voluntary liquidation, will fire 250 employees in April, said ABLV group's spokesman Arturs Eglitis. By the end of the year it is planned to fire more employees. At present, among the fired employees there are IT specialists, product ...
04/14/2018 13:05Russia plans to fire missiles in Latvia's exclusive economic zone again    ( Baltic Times )
RIGA – Russia again plans to perform missile tests over Latvia's exclusive economic zone in the Baltic Sea, said Latvian Defense Ministry spokesman, Kaspars Galkins. Russia has notified the Latvian Civil Aviation Agency that Russian Naval Force plans to perform missile tests over Latvia's exclusive ...
04/14/2018 04:05Latvian anti-corruption watchdog says Facebook open to cooperation on election transparency    ( Xinhua )
RIGA, April 13 (Xinhua) -- The Latvian Corruption Prevention Bureau no longer considers blocking Facebook in the run-up to Latvia's coming parliamentary election after successful talks with the social network's representatives, the anti-corruption bureau's chief Jekabs Straume told reporters on Friday.

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