Musk sold Tesla shares worth almost seven billion dollars :: Dienas Bizness

Oil prices fell along with stock prices on European and Asian stock exchanges on Monday, driven by concerns about the intensification of the Covid-19 wave in China. US stock prices rose after Tesla Motors CEO Elon Musk signed a $44 billion deal to buy the microblogging platform Twitter. Crude oil prices fell by more than … Read more

Ošlej: Latvenergo dividends are a kind of electricity tax for all its consumers :: Dienas Bizness

The state of Latvia should be more actively involved in price regulation and determination, as many other countries do, because currently, with regard to inflation, especially the rapid increase in energy resource prices, Latvia occupies a free market position – let’s say the prices increased and we can’t do anything about it. Jānis Ošlejs, economist, … Read more

Industra Bank is allowed to take over part of PrivatBank’s assets and liabilities :: Dienas Bizness

On August 9, the Council of the Financial and Capital Market Commission (FKMC) adopted a decision to allow AS “PrivatBank” to transfer to AS “Industra Bank” AS “PrivatBank” as part of the credit institution company, in accordance with the transfer agreement of the credit institution company concluded by both parties, representatives of the FCMC inform. … Read more

Stock prices mostly fall ahead of the release of US inflation data :: Dienas Bizness

In May of this year compared to April, consumer prices in Latvia increased by 4%, but during the year – in May of this year compared to May of 2021 – consumer prices increased by 16.9%, according to the data of the Central Statistics Office. At the same time, the 12-month average level of consumer … Read more

Gazprom has started burning gas on an industrial scale :: Dienas Bizness

Russian President Vladimir Putin’s decision to accept the payment for gas deliveries only in rubles will mean a rise in the price of natural gas, as well as put pressure on the Western financial system, banking analysts said. Agnese Buceniece, Acting Chief Economist of Swedbank, explained that the purpose of such a decision is most … Read more

Lufthansa agrees to salary supplement for airport staff, preventing strikes :: Dienas Bizness

Latvian national airline “airBaltic” before the situation with spare parts supply chain problems leased part of its fleet to other airlines in the long term, so now, in order not to have to cancel its flights, the airline rents planes from others in the short term, the chairman of the board of “airBaltic” Martins Gauss … Read more

Leyena warns about the escalation of the energy crisis :: Dienas Bizness

The member states of the European Union (EU) have agreed on an emergency plan for saving natural gas, the aim of which is to reduce the impact of a possible complete interruption of Russian gas supplies, diplomats said on Tuesday morning. The plan envisages that EU member states will voluntarily reduce natural gas consumption by … Read more

Rubrig invests in a new production line, which will double production capacity :: Dienas Bizness

Latvian rubber safety covering manufacturer Titled invested in a new production line, which will allow the company to double production volumes in the future. The capacity of the new line is 100,000 m2 of rubber covering per year, which will also create new export opportunities for the company and create additional 10 jobs in the … Read more