Friday, the 4th of March, 2005
Business to have losses
Credit risks and credit finances information company Coface increased the credit rating of the Baltic States from A3 to A2. It means that the cooperation with the Baltic companies is as safe as the cooperation with theGerman enterprises. The rating is defined according to the companies ability to fulfil their duties in time. Credit risk index is one of the basic indexes to consider, defining partners credit safety abroad.
Thursday, the 3rd of March, 2005
Leaders knock out of the market
Fire in Adazu Cipsi factory knocked out of the market the leader of Latvian chips market for several months. As a result, redivision of market is possible. At present the volume of Adazu Cipsi chips in Riga storehouse is sufficient only for one day, and in the storehouses in Rezekne and Kuldiga for 3-5 days. The owner of the factory, Latfood, looks for an opportunity to locate the production unit abroad. The losses of the company have not yet been calculated. The fire could also cause losses to potatoes producers. According to the forecasts, the chips Adazu Cipsi will be available in the market only after 1-2 months.
Wednesday, the 2nd of March, 2005
More new enterprises in February
In February 2005 the record number of new companies was registered in comparison with the same month of 2004 and 2003. The most popular forms of registration remain limited liability company and individual businessman. In total 1,382 companies were registered in February 2005, among them 808 are the new ones.
Kommersant Baltic Daily
Tuesday, the 1st of March 2005
Stealing the business
In two years the mobile communication frequencies of Latvian mobile operators Tele2 and LMT, as well as Triatels frequencies, could be sold by auction. It means that these operators could lose rights for their frequencies, but financial speculators could receive them. Therefore, the auctions would give opportunities for stealing the business as the present operators business might be interrupted.
Monday, the 28th of February 2005
Construction of private houses grows
In 2004 Construction Boards issued 4,077 permissions for the construction of private houses, which is by 43% more than the previous year. The volume of summer cottages construction increased by 56% and reached 885. The most popular region for building private houses is Rigas district, where 45% of all the future residences are being built. Among other popular places are Ogres district, Jurmala and Jelgava.
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