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Inflation hurts investment returns

RIGA - Latvia's record inflation rate this year has put a dent in investment possibilities, as the r

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Tourists flock to Latvia, Baltics, while rural tourist operators develop strategic plan

RIGA - The Economy Ministry has predicted that the number of tourists visiting Latvia this year woul

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Company briefs - 2004-08-26

RIMI Latvija finished last year with a 5.5 million lat (8.2 million euro) loss even though sales had

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Taking counsel

What should I do if my joint venture is deadlocked?When you enter into a joint ventur

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Estonian bread squeezed in Finland

HELSINKI - In an effort to deny Estonian bread a market share, Finnish supermarkets have been keepin

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Ministry agrees with Microsoft

TALLINN - The Economy and Commun-ications Ministry said on Aug. 23 it had prepared a cooperation agr

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TeliaSonera acquires Omnitel entirely

VILNIUS - Scandinavia's TeliaSonera became the sole owner of Lithuania's top wireless operator, Omni

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Wholesale beef prices fall too far

RIGA - The wholesale price of beef has fallen alarmingly fast in Latvia - 0.05 - 0.06 euro per kilog

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EBRD and IFC to bump up stakes in Drobe

VILNIUS - The European Bank for Reconstruction and Development and the International Finance Corpora

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AirBaltic to buy planes,launch new routes

RIGA - AirBaltic announced last week that it intended to buy six new planes and that revenues for th

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