The economic sanctions imposed on Belarus by EU have only the minimal effect on companies cooperating with Latvia, EconMin Daniels Pavluts told nozare.lv portal. He praised the efforts of Foreign Affairs Ministry and added that currently the Belarusian reaction to the sanctions is the largest unknown. Also Foreign Affairs Minister Edgars Rinkevics told the press that majority of the companies blacklisted by EU do not have any business ties with Latvia and stressed that concerns that sanctions are going to hamper Latvia's foreign trade and economic development overall are now ungrounded. |
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