Latvia NEWS in UK

Recent court action has unfortunately been unable to reclaim funds claimed to be owed by an Estonian group of investors developing wine in the Ukraine since 1999. Thirteen years ago, Estonian investors signed a contract with Ukraine which agreed that Estonia would invest in a wine business, Magarach, the Ukrainian state grape and wine institute to start prod […]

airBaltic have approved the appointment of Martin Sedlacky as the new Cheif Operations Officer and Member of the executive board.  Mr Sedlacky has a strong background  in the airline business having been employed  in restructuring airlines systems through central and eastern Europe, Scandinavia, Singapore, Malaysia and America. Working on consultancy project […]

Economic research group, Oxford Economics, recently conducted and produced a research document detailing contributions made to Latvian GDP from Latvia’s International Air Transportation Association (IATA). In their report Oxford Economics acknowledged and thanked the IATA whom had been instrumental in providing key information and statistics regarding the av […]

Keit Pentus, the Estonian minister of environmental affairs, has decided to hire ‘Sorainen’ – one of Estonia’s most expensive law firms.  This has been done in the hope to defend the current system of renewable energy subsidies, and help the country to meet green energy targets. Last year, subsidies have been reported to be drying up in Europe, because wind […]

Latvia’s Transport Minister, Aivis Ronis, has had a busy week in the United States. Minister Ronis has been promoting the essential qualities provided by Port of Riga. Since 2001 the Northern Distribution Network (NDN), dubbed the new silk road, has utilised the strategic position and unarguably rising efficiency of Port of Riga as an important link in the s […]

Euronics may be on the brink of losing their top position as Estonia’s main supplier to the domestic electronics market. Euronics, a well known chain of electronic stores belonging to Antista AS, stocks the usual modern family essentials such as; home electronics, home appliances, audio equipment, video equipment. VCRs, DVD-players, CD players, home theatre […]

Sourced by Cormack Consultancy ltd. What do firms expanding to the Eastern Europe need to know before starting marketing in local social media? It was recently announced that IKEA plans to conquer further the Eastern European market by entering Lithuania, and later opening its stores also in Latvian and Estonia. It is not the first Northern brand which is in […]

Bank Parex to Reverta. Branding one item to another is a key step in many situations for example especially in Banks where recently the re-branding of the Bank Parex to Reverta. The coming of Reverta is believed to cost in the order of over 20,000 Euros. “Parex is associated with words like crash, crisis and bad bank”, said D. Pavluts continuing with, “The i […]

With so much talk taking place with the integration of businesses and organisations between Latvia, Lithuania and Estonia with the UK no doubt it will become a UK Brand Name as Emerging Markets and Globalisation is vital also to the success of our Economy. Share on Facebook […]

Leading companies from the Baltic countries, Scandinavia and Europe interested and involved in the lingerie, clothing and textile manufacturing, distribution and sales will be gathering together at the Nordic and Baltic Fashion and Textile Forum which is to be held in Riga, Latvia on 13th April 2012. Head of the Economic and Bilateral Relations Directorate, […]

It's no shock that people love to hate Facebook. […]

Friends may be priceless. But 'friending' is worth $38 a share. […]

Flush with cash and drunk with power after its $100 billion IPO, Facebook could be caught secretly brainwashing millions of new users into signing up (mind-control hoodies, anyone?) -- and still I might not quit the world's largest social network. […]

Flush with cash and drunk with power after its $100 billion IPO, Facebook could be caught secretly brainwashing millions of new users into signing up (mind-control hoodies, anyone?) -- and still I might not quit the world's largest social network. […]

Work is underway designing tiny robotic cubes imbedded with magnets on each plane that can create a duplicate of any object, either equal in size to the original or any size version as required. Massachusetts Institute of Technology’s Robotics department are currently working with two dimensional cubes of four sides, each cube containing a microprocessor wit […]

Mobile Phone Lumia 900 is here to stay. Lumia 900 is here thanks once again to the Finland Company Nokia. This is great news for the mobile phone giant that is presenting this device at a low cost and a streamlined design with a front-facing camera for video conferencing. This is putting it on the same playing field as the likes of Samsung and Apple that now […]

The government has finally agreed that creative and motivating ICT classes be reintroduced to the classroom by teaching children to program and put computer science back in the core of ICT lessons. The Secretary of State for Education, Michael Gove is reported as saying that the present ICT curriculum was ‘demotivating and dull’. Advising Mr Gove on implemen […]

HOUSTON (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States. […]

WASHINGTON (Reuters) - Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatization sale after the new Russian government's lineup is announced on May 21, CEO German Gref said on Saturday. […]

(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. […]

FRANKFURT (Reuters) - Volkswagen's Audi division is looking into a management reshuffle as it eyes an expansion in China, Latin America and the United States, the unit's head told a German magazine. […]

General Motors will not advertise during this year's Super Bowl game, the automaker said Friday. […]

The next deadline facing Congress to save the U.S. Postal Service is Aug. 1. That's when the agency won't have enough money to make a $5.5 billion payment to a retirement fund mandated by law. […]

An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer. […]

Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market. […]