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"Payment Radar" of Latvijas Banka: Non-cash settlement volumes are increasing, but cash also holds its positions

The latest "Payment Radar" of Latvijas Banka suggests that the non-cash settlement volumes continue on an upward path in Latvia, while...

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Isamaa asks Bank of Estonia for analysis of second pillar of pension system

TALLINN – The Isamaa party group in the Riigikogu has sent a letter to Bank of Estonia governor Madis Muller, asking for an analysis of th...

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Rigas Piensaimnieks becomes subsidiary of Rigas Piena Kombinats dairy

RIGA - Rigas Piensaimnieks dairy, a company of Food Union group, has legally become a subsidiary of the concern's dairy Rigas Piena Kombinat...

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BITE Latvija concludes a contract for purchase of shares in capital of the company SIA Baltcom

Mobile communications operator BITE Latvija has signed the purchase contract for purchase of 100% of shares in capital of the communications com...

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Latvian government reports major effort to slash shell companies

As European Union (EU), US and international institutions continue to scrutinize Latvia as a past nexus of money laundering, the Latvian governm...

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Commercial banks store EUR 5 billion in central bank that could be

RIGA - At present, Latvian commercial banks are storing about EUR 5 billion in the Bank of Latvia that could be "flooded" into the sta...

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Estonian retailers say VAT on locally produced food could be cut

TALLINN – Retailers in Estonia find that consideration could be given to lowering the rate of value-added tax (VAT) on locally produced fo...

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Foreign investors in talks with the Prime Minister of Latvia highlight necessary improvements to attract foreign investment

On September 18, during the business luncheon with the Prime Minister of Latvia Mr Krišjānis Kariņš, foreign investors pointed out...

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New Business Park in Latvia - an opportunity for foreign investors

A new Business and Innovation Park Mežgarciems is being developed in Latvia, only 25 km from the capital Riga. The territory includes 11 buildin...

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Coop Pank discontinues cash transactions in US dollars

TALLINN – Citing low demand, Coop Pank announced that it will stop processing cash transactions in US dollars as of November 16, 2019.&nbs...

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