Latvians vote 'yes' to EU membership

Latvia became the last of the EU's 10 applicant countries to approve membership of the union on Saturday (20 September) when its citizens voted overwhelmingly in favour of joining.

Leading Latvian factor stays on top

The leasing and factoring portfolio of Latvia's Hanza Lizings company gained 31 percent last year to 167 million lats, holding 47 percent of the total leasing and factoring market. The company hopes to retain similar growth this year.

Latvian factor intentionally cuts market share

Unilizings leasing and factoring company, owned by Latvian Unibanka, last year earned a profit of 2.53m lats (EUR 4.03m), up 8.3 per cent from 2001, said Unilizings director, Janis Buks.