According to the audited financial statements of the Bank of Latvia, central bank posted net profit of LVL 23.8mn (EUR 33.9mn) in 2010, down by 68% y/y. Profit decline is attributed by the central bank to low interest rates on foreign markets and low demand of Latvian banks for CB's loans. 65% of net profit or LVL 15.4mn is going to be transferred to government budget, the rest retained for Bank of Latvia reserves. To remind, central bank posted net profit of LVL 74.4mn (EUR 105.8mn) in 2009, up by 39.2% y/y. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more