Baltic Business

WEEK 38th 2003

Friday, the 19th of September, 2003

Meeting with the largest importers of the USA
The US Baltic Foundation is offering Latvian entrepreneurs an opportunity to meet the largest US importer companies. The trip to Washington will take place on the 29th of October and last till the 2nd of November.
(Dienas Bizness)

Thursday, the 18th of September, 2003

Domina Shopping open
On Thursday the first round of the largest trading centre in Latvia was opened. The second round will come in May next year. The total area of it will be 110,000 square metres. The owner of Domina Shopping is PK Investment which belongs to the company of Ernesto Preatoni- Pro Kapital.
(Dienas Bizness)

Wednesday, the 17th of September, 2003

Companies increase their turnovers by 14%
In the first six months of this year, the net turnover of the Latvian companies reached LVL 6.28 billion, which is an increase of 14% if compared to the respective time period last year. According to the Central Statistical Bureau of Latvia, the largest turnover was for the trade companies - LVL 2.95 billion, the second largest or LVL 1.21 billion - for the manufacturing industry, and the third largest turnover or LVL 741 million was for the industry of transport and connections. The assets of the companies amounted LVL 9.625 billion, which is 496 million more than in the first half of the last year. 46% of the balance assets were long term investments.

Tuesday, the 16th of September, 2003

Stocks of Latvian Shipping company sold
The Privatisation Agency sold 10.65 million Latvian Shipping company stocks (92,5% out of the offered 11.52 million stocks, which constitute 5,75% of the total number of stocks). The state income from the deal was LVL 3.62 million. Altogether 77 investors obtained the stocks, among them majority was from Scandinavia.
(Dienas Bizness)

Monday, the 15th of September, 2003

British consider Unibanka to be the best
This year, the Great Britain magazine The Banker for the second time announced Latvijas Unibanka to be the best Latvian bank of the year. The previous case was in 2000. The best bank of the last previous years was Parekss banka. The president of Latvijas Unibanka Andris Berzins commented, that such a result can be explained by the bank's efforts in satisfying the needs of customers, investments in service development, technology and increasing of employee qualification.
(Kommersant Baltic Daily)

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