Kristaps Zakulis was confirmed today as the new head of Latvia’s Financial and Capital Market Commission. The decision was made by Latvia’s parliament with a vote of 73 to 3 with 17 abstaining. The news will bring new confidence within Latvia’s banking sector after the upset caused by the resignation of Irena Krumane, the...
Latvian cosmetic company, Dzintars, plans to open more shops abroad via the franchise system. Recently Dzintars 13th franchise shop in Russia was opened in Izhevsk. There are 49 Dzintars shops in Latvia, 13 in Russia, 2 in Estonia, 1 in Georgia and 1 in Ukraine. The company is reported to have turned over LVL...
In 2010 Latvia timber exports increased by 46%, an increase from 2009 total of LVL 699.329 million to LVL 1.022 billion. Sweden, UK and Germany representing the main bulk of the Latvian timber export market. Britain has a long standing tradition of exporting Latvian timber right back to 1403 when treaties were signed between...
An Economist has stated that we could see a growth of 2% per cent this year in Estonia. This is very good news for Estonian’s economy and the Baltic State Region, the Estonia Bank SEB, Hardo Pajula stated as a result of using various market research methods and tools. SEB is held by the...
