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Businessmen show great interest in EU funds during meeting with economy minister

Almost a hundred businessmen participated in a meeting with Minister of Economy Krisjanis Karins (New Era) yesterday; during the meeting, businessmen showed a great greatest interest in options for utilization of the European Union (EU)...

Economy Ministry says "Latvenergo" will not be privatized

The joint-stock power utility "Latvenergo" would not be secretly privatized, but restructured in accordance with the European Union^apostrofs;s directive on liberalization of the electricity market, said the Ministry of Economy.

Riga City Council passes ban on gambling business in Riga's historic center, Mezaparks and apartment buildings

The Riga City Council decided yesterday that no gambling business would be permitted in the historic center of Riga, Mezaparks and apartment buildings in the future.

"Latfood" holds press conference on future following plant fire

Executives from the joint-stock "Latfood" will hold a press conference today to inform about the latest decisions made on the future following the March 1 devastating fire at the company^apostrofs;s potato chip plant in Adazi,...

Finance ministry applies for compensation from EU Solidarity Fund

Ministry of Finance today forwarded information on the January storm-caused losses in Latvia to the European Commission Directorate General for Regional Policy, applying for compensation from the European Union (EU) Solidarity Fund.

Vitols again appointed chairman of "Latvenergo" council

Today businessman and millionaire Vilis Vitols, who is supported by New Era (JL), was elected as new chairman of the council at the joint stock power utility "Latvenergo". He had also held the office before...

Saeima passes new law on electricity market in principle

Saeima today passed in principle a new bill on the electricity market, and agreed that the bill would be reviewed as urgent.

Finnish banks plan no further expansion in Baltic states - Finnish banker

Finland, with 344 banks operating on its territory and 300 bank offices per 1 million inhabitants, does not plan further development of banking operations in the Baltic states, Markus Fogelholm, the managing director of the...

Saeima approves amendments to Energy Law in principle

Saeima today approved in principle the government^apostrofs;s amendments to the Energy Law, and agreed that the amendments should be reviewed as urgent. The amendments stipulate deregulation of the electricity market.

Traffic reopened on Brivibas Street

The section of Brivibas Street in Riga that was closed for traffic after a water main rupture yesterday evening is now open for traffic again, Dzintars Zaluksnis, Riga City Council^apostrofs;s public relations officer, told LETA....