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North Euroway
 Observer Latvija SIA

WEEK 18.2006

Friday, the 5th of May, 200

Quality is there, but not transportation
Ventspils petrol transportation terminal Ventspils Nafta Terminals received a new ISO certificate certifying that the terminal complies with international standards and regulations. However, it has not helped it to attract new clients, and the amount of transported oil is decreasing; in the first two months of 2006 the company has transported 1.2 million tons of oil, a 22.5 per cent decrease from the same period in 2005.

Tuesday, the 2nd of May, 2006

Will facilitate export to Byelorussia
In the near future the certification of Latvian goods according to Byelorussian and CIS countries requirements could be conducted in Latvia. It will facilitate Latvian export to these states which is very important, as its volume is very significant. The Ministry of Economics of Latvia stressed that earlier the strict requirements towards exported goods did not allow the export grow.

Banking system begins to hamper
In the first quarter of 2006 the assets of Latvian banks grew by 6.3%, to EUR 16.61 billion. Last year this index was 7.5% for the same period. That means that banks began to hamper in their development. Hansabanka remains the leader according to the volume of assets, Unibanka is on the second place and Parex Banka on the third. Sampo Banka showed the highest growth: the volume of its assets increased by 42.5% during the first three months of 2006.

Will EUR 6 million be presented to Riga?
The subsidiary company of Lithuanian Vilniaus Akropolis, Rigas Akropole, sent a letter to Riga City Council claiming that it could present to Riga EUR 6 million if the institution will assist the realization of Akropole project. The deputies plan to discuss this strange proposal. The head of Vilniaus Akropole, Mindaugas Marcinkiavicius, said that the enterprise plans not to present, but to invest this money into building roads.
Vesti Segodnja

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