Business directory for enterprises in market of Latvia

Business directory for enterprises in market of Latvia

Artis Zelmenis just finished a huge milestone in www.artiszelmenis.lv development.

This website is aimed to business opportunities for companies and individuals.

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ABLV Bank says LVL 10.9 millions in 9-month profit

Latvia business: ABLV Bank says LVL 10.9 millions in 9-month profit

ABLV bank

The bank's operating income before allowances for credit losses totaled LVL 48.7 million at the end of September, writes LETA/Nozare.lv.

The total amount of investments at ABLV Bank reached LVL 1.87 billion. Since the beginning of the year, the amount of deposits has grown 16.4%.

As of September 30, the bank’s assets amounted to LVL 2.09 billion.

During the first nine months of the year, the bank’s loan portfolio increased to LVL 476.2 million. ABLV Bank notes that the bank's approach to crediting remains highly conservative – its loan portfolio constitutes 22.8% of the bank’s total assets.

Necessary allowances made under the loan portfolio and other assets amounted to LVL 56.4 million.

The bank’s capital and reserves amounted to LVL 100.9 million. As of December 31, 2011, the bank’s capital and reserves stood at LVL 90.1 million.

As of September 30, 2012, the bank’s capital adequacy ratio was 15.08%, whereas liquidity equaled 66.22%. ROE reached 15.01%, ROA – 0.73%.

ABLV Bank group also includes ABLV Capital Markets, ABLV Asset Management, ABLV Transform Partnership, ABLV Consulting Services, ABLV Corporate Services, New Hanza City and others.

ABLV group has offices in Moscow, St. Petersburg, Yekaterinburg, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku and Tashkent.

Needles to say banking is one of best investment in economics. If you're thinking of investing in Latvia then this is a green light to do it!

Author: Artis Zelmenis

World currency - the gold price and devaluation

Sponsored article: Baltic Legal sponsorship

World currency - the gold price and devaluation

World currency long time has not been covered by gold, a so called gold standard. Thus increasing overall inflation rates by multiplied times, because money can be printed out of nowhere.

Today (November 20th, 2012) gold price

Today one ounce of gold price is exactly 1732.9 United States Dollars. I will cover different nations with different economical situations throughout world and their currencies related to gold and USD.

Whats wrong with dollar?

Is American dollar failing?

Federal Reserve is American privately owned banking system. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.

What happened in panic of 1907 year?
Panic occurred, as this was during a time of economic recession, and there were numerous runs on banks and trust companies. The Panic of 1907 was a financial crisis that occurred in the United States when the New York Stock Exchange fell almost 50% from its peak the previous year.

Federal Reserve is the one controlling USA dollar thus meaning almost entire worlds currencies.

Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system.

So it is a crisis, we put in force a private bank, then there is another crisis, yet greater then before, then we make some changes. And after all, comes this:

Latvia and Estonia agree on joint position on EU budget - review of news in Latvia

Latvia and Estonia agree on joint position on EU budget - (reviewed)

On November 09, 2012 Baltic Times wrote:

RIGA - At a meeting in Estonia yesterday, Latvian President Andris Berzins and Estonian President Toomas Hendrik Ilves were of the same opinion on all the key matters that dealt with the European Union's multiannual budget

What actually are these "matters"? And how Baltic States sees them self in European Union?

Star Wars Episode 7 - Bussiness in Latvia blog see this will leave a great impact on world film industry

Star Wars Episode 7

Internet is full with a buzz about Star Wars Episode 7. I made compilation of all the best articles could be found on topic to ease your searches.

Daylight savings in company management

Daylight savings in company management

Why do we spring forward? Why it is important for company manager to do a correct time switch so company's work does not stuck? Do daylight savings work? Get the facts.

Pumpkin Carving Ideas

Pumpkin carving ideas

I decided to get aside of business and donate an article to Halloween and to be precise - Pumpkin carving ideas. First of where you can get a pumpkin if you don't have one? How to get along to acquire the best Halloween pumpkin? Or to do it at home?

Types of temporal residency in Latvia

Types of temporal residency in Latvia

This is compilation of the types (or ways) you can gain residence permission to live in Latvia - A Schengen area member. Click READ MORE to know how to get in Schengen!

5 TOP of Autumn - Articles that did not succeed to enter in chart of top 5 business articles

Articles that did not succeed to enter in chart of top 5 business articles

If you red article about 5 top articles in business of autumn then you noticed there are mentioned only five articles, because it is TOP 5! [mister obvious?]

5 TOP of Autumn - Business in Latvia blog best articles

Business blog about doing business in Latvia

From all of our articles about doing business in Latvia we have gathered a compilation of the best articles of all times succeeded in matter of post views.

To remind:

Business in Latvia blog provides news and reviews of business in Latvia.

The TOP 5 writings

1st place - Alcohol license

The best of all times probably was article about alcohol selling license in Latvia.
Article on alcohol was not so extensive nor provided much of a information, but it succeed most from all.

This is good to know if you wish to open alcohol selling branch in Latvia.

 Click Alcohol license to read this article.

Access to EU - Obtaining a resident permit in Latvia

Obtaining a resident permit in Latvia - Access to EU

A new amendments to the Immigration Law of the Republic of Latvia made in 1 July 2010, expanding the possibilities to obtain a residence permit in Latvia for foreign nationals who want to stay and move freely within the Schengen area.

There is two things you have to know:

Banking and bookkeeping in Latvia: Stabilization of bank sector in Latvia results with success

Stabilization of bank sector in Latvia results with success

The asset management company Reverta is the former Parex Bank after reorganization.  „Professional work,  economic processes in Latvia and in the world, crisis in the eurozone, the unstable political and economic situation in the world, and the slow recovery of Latvia’s economy – these factors are all quite logically reflected in the development of the business projects of our clients, as well as in the real estate market. For that reason, we predict that the company will continue to generate losses as planned for the next few years,” the company’s board chairman Christopher Gwilliam said.

Baltic states business: Lithuania attempts to depart from Russian energy market

Lithuania attempts to depart from Russian energy market

The Baltic state imports nearly all its natural gas - about 3 billion cubic meters per year - from Russia. In order to diversify away from Russian energy, Lithuania has been building up a domestic liquefied natural gas terminal and developing its nuclear industry. Such project requires significant investment which is refundable in future as a long term project.

Lithuanian tourism sector expects economical growth

Lithuanian tourism sector expects economical growth

Qualitative service for reasonable price is always important especially in tourism sector. If New York and London hotel prices, at 233 and 217 euros on average, respectively, according to a trendy hotel booking site, are just too high for you, then it is high time to pack up for your trip to Vilnius which, according to the same survey, boasts hotel prices at the lower end, from 60 to 70 euros a night on average.

Latvia tourism: Baltics becoming less ‘undiscovered’

Baltics becoming less ‘undiscovered’

Riga and other cities in Latvia - Jūrmala, Jelgava, Ventspils - intends to become a popular tourist destination not only for business purposes but also for leisure time and relax for tourism purposes.
In Riga the most popular tourist sites have been named Churches, Art Nouveau architecture and the Riga Central Market, according to a survey carried out by the business information portal Nozare.lv. According to Riga Tourism Information Center, foreign tourists during the trip in Riga frequently choose to visit the Riga Dome Church, St. Peter’s Church, House of the Blackheads, seek out the Art Nouveau architecture, and stroll around the Riga Central Market.

Business in Latvia: Long term state support expected for airBaltic

Long term state support expected for airBaltic

Pursuant to the “airBaltic ReShape” restructuring plan if a strategic investor is not found for Latvia’s national airline airBaltic, the airline will require an additional 96 million lats (137.1 million Euros) from the state budget from 2013-2016.

Baltic Legal - How to make a campaign and why you should chose this law office instead of other?

Law office - Baltic legal - Your decision to success

Baltic Legal is young and active law office based in Riga, Latvia. Baltic Legal main goal is to provide best available information on immigration, company foundation and accounting issues.

HOW TO MAKE CAMPAIGN for your company?

Company - the word, synonyms and language of Latvia

Company

Company - the word, synonyms and all the information about company in Latvian language (official state language).

5 top main goals when forming a company

What is company?

Learn More About blog says:

A company is commercial business. A voluntary association formed and organized to carry on a business. Any entity engaging in business, such as a proprietorship, partnership, corporation, limited liability, or public limited company.
Example: "a legal service company"; "the Ford Motor Company"; "a company CEO" etc.

Source link: Learn more about company

What are common types of company in Latvia?

Business as whole

A characteristic feature of the contemporary policies of all the not outright socialist nations is animosity against business. Public opinion contrasts the mean selfishness of those engaged in the conduct of business with the lofty altruism of the politicians and the public servants.

Alcochol selling licence in Latvia

It is sadly I could not find about license of selling alcohol in latvia in wikipedia (a link: http://en.wikipedia.org/wiki/Alcohol_license), so I made some investigation on this topic and found out interesting article on this theme: http://www.baltic-legal.com/alcoholic-beverages-and-tobacco-products-obtaining-procedure-of-licence-for-sale-in-latvia-eng.htm

A company name registration in Latvia is important decision

When you register a new enterprise in Latvia take in mind few basic facts.

1.  A company's name has to be choosen
2. Accountancy has to be managed
3. All issues with local Latvian company registration law has to be completed

Here are some business set up naming tips, based on our experiences working with other small enterprises in Latvia.