Jun 25 2012, no 340
25.06.2012, 17:24
Highlights from this issue:
TOP STORIES
- The Russian market is risky, but promises great returns. Assol un partneri has now created a shortcut for Latvian food manufacturers: Rizhskiy Dvorik, a chain of Latvian food stores in Moscow. news2biz spoke to the company about the peculiarities of Russian markets and the best way how to enter it. (Page 12) Read more here
- The Latvian Minister of Justice Gaidis Berzins has stepped down from his post. His party swears that it does not plan to leave the government – but is this really the case or new developments could soon follow? (Page 15)
- As the Latvian economy is picking up speed, consumers are again considering major purchases, such as private residential houses. Local construction company Nordic Homes is up to meet the demand. (Page 5)
MANUFACTURING
- Danish Spectre, already going strong, expands in Latvia
FINANCE
- Commercial business of Hipoteku banka sold to SEB and Swedbank
- Pan-Baltic ATM network project collapses as SEB exits
PROPERTY & CONSTRUCTION
- Nordic Homes expands in private house villages
- Sporta pils development project gets off the ground
- Swedish Genesta's new fund has no Baltic targets
- Norwegian HeatWork leaves Baltics and Poland
ENERGY & RESOURCES
- Latvenergo bigger in Baltics, more popular at home
- Canadians take over Statoil Fuel & Retail
TRANSPORT & LOGISTICS
- Having expanded in Estonia and Lithuania, Eesti Post eyes Latvia
- airBaltic gets in news for all the right reasons
FOOD & AGRICULTURE
- British expat finds success with eatery for busy office workers
- Laima invests EUR 850,000, goes local in Estonia
IT & TELECOM
- Swedish-owned and run, Latvian Tick21 offers online billing for Swedish SMEs
- Latvian operators start offering 3D content
RETAIL & SERVICE
- Rizhskiy Dvorik brings Latvian foods to Moscow
- Danish lingerie chain Change enters Baltics
ECONOMY & POLITICS
- The Minister of Justice steps down; coalition remains
- Secretary of State Hillary Clinton to visit Latvia
EVENTS
- CanCham Celebration, 1 July
- AmCham Celebration, 2 July
- AmCham Seminar, 2 July
- AmCham Briefing, 3 July
- B2B LiST After Work, 4 July
- Nordic G0-Kart Championship, 17 August
- Joint Golf Tournament, 18 August
KEY FIGURES
- Wages, inflation, consumer price index, producer price index, industrial output, construction price index and construction volumes, real estate prices and transactions, retail trade, sentiment indicators, currency, credit, interest rates, money supply, stock exchange, foreign trade, current account, GDP, FDI, unemployment, country rating, regional data, real earnings and key economic data forecast 2011-2013.