{"id":1363725,"date":"2016-05-03T13:06:21","date_gmt":"2016-05-03T11:06:21","guid":{"rendered":"http:\/\/www.realat.lv\/lv\/?p=1363725"},"modified":"2016-05-03T13:06:21","modified_gmt":"2016-05-03T11:06:21","slug":"investiciju-darijumu-katlins-turpinas-varities","status":"publish","type":"post","link":"https:\/\/www.realat.lv\/lv\/zina\/investiciju-darijumu-katlins-turpinas-varities\/","title":{"rendered":"Invest\u012bciju dar\u012bjumu katli\u0146\u0161 turpin\u0101s v\u0101r\u012bties"},"content":{"rendered":"<p><\/p>\n<p><strong>Nekustam\u0101 \u012bpa\u0161uma invest\u012bciju tirgus \u0161ogad b\u016bs akt\u012bvs; interesi un naudas piepl\u016bdumu komerc\u012bpa\u0161umos sekm\u0113 ar\u012b zem\u0101s procentlikmes<\/strong><\/p>\n<p>Sal\u012bdzinot ar 2014. gadu, p\u0113rn par 25 % audzis kop\u0113jais invest\u012bciju apjoms gan Centr\u0101l\u0101s un Austrumeiropas re\u0123ion\u0101, gan Baltij\u0101. 2015. gads Baltij\u0101 bija \u013coti akt\u012bvs, v\u0113rt\u0113jot p\u0113c kop\u0113j\u0101 komerc\u012bpa\u0161umos ieguld\u012bto l\u012bdzek\u013cu apjoma, k\u0101 ar\u012b jaunu investoru ien\u0101k\u0161anas. Kop\u0113jais invest\u012bciju apjoms Baltijas valst\u012bs 2015. gad\u0101 sasniedza 1,1 miljardu eiro, kas ir liel\u0101kais r\u0101d\u012bt\u0101js kop\u0161 2007. gada. Tas gan veidoja 9% no kop\u0113j\u0101 invest\u012bciju apjoma Centr\u0101l\u0101s un Austrumeiropas re\u0123ion\u0101, \u0161\u0101du inform\u0101ciju ir apkopojusi komp\u0101nija CBRE. Visvair\u0101k naudas starp Baltijas valst\u012bm iepl\u016bda Igaunijas \u012bpa\u0161umu tirg\u016b. Savuk\u0101rt popul\u0101r\u0101kais sektors \u2013 tirdzniec\u012bbas objekti. DB jau zi\u0146oja, ka starp liel\u0101kajiem dar\u012bjumiem Baltij\u0101 bija R\u012bgas tirdzniec\u012bbas centru Alfa, Mols, Dole non\u0101k\u0161ana pasaules liel\u0101k\u0101 akt\u012bvu p\u0101rvald\u012bt\u0101ja Blackstone Real Estate Partners IV pasp\u0101rn\u0113; p\u0113c Colliers International apr\u0113\u0137iniem, dar\u012bjumu apjoms Baltij\u0101 var\u0113tu b\u016bt bijis pat liel\u0101ks \u2013 1,4 miljardi eiro.<\/p>\n<p><strong>Br\u012bdina par pa\u0123ir\u0101m<\/strong><\/p>\n<p>Augsta dar\u012bjumu aktivit\u0101te nav rakstur\u012bga tikai Baltijas tirgum vien. Notieko\u0161o tirg\u016b finan\u0161u konsult\u0101ciju komp\u0101nijas SIA Catella Corporate Finance partneris Aleksandrs Tralmaks asoci\u0101cijas LAN\u012aDA un DNB bankas r\u012bkotaj\u0101 konferenc\u0113 \u00abK\u0101 att\u012bst\u012bsies nekustamo \u012bpa\u0161umu tirgus Latvij\u0101\u00bb sal\u012bdzin\u0101jis ar ball\u012bti, kura var beigties ar pamat\u012bg\u0101m pa\u0123ir\u0101m. Visa pamat\u0101 ir il\u016bzijas, kur\u0101s patlaban dz\u012bvo industrija ne tikai Baltij\u0101 vien, turkl\u0101t daudzviet Eirop\u0101 t\u0101s ir v\u0113l liel\u0101kas nek\u0101 \u0161aj\u0101 re\u0123ion\u0101. T\u0101s, vi\u0146apr\u0101t, ir veicin\u0101jis Eiropas Centr\u0101l\u0101s bankas prezidents Mario Dragi, kur\u0161 ieviesis 0% likmi. \u0160\u012b ball\u012bte var\u0113tu turpin\u0101ties v\u0113l gadu, pusotru, bet pa\u0123iras da\u017eam labam var\u0113tu b\u016bt sp\u0113c\u012bg\u0101kas par t\u0101m, kuras piedz\u012bvotas pirms septi\u0146iem, asto\u0146iem gadiem, prognoz\u0113ja A. Tralmaks. T\u0101pat vi\u0146\u0161 aicin\u0101ja patur\u0113t pr\u0101t\u0101 23. j\u016bniju un ne jau sv\u0113tku d\u0113\u013c, bet gan t\u0101p\u0113c, ka tad Lielbrit\u0101nij\u0101 notiks referendums (par t\u0101s izst\u0101\u0161anos vai palik\u0161anu Eiropas Savien\u012bb\u0101), kas var ietekm\u0113t turpm\u0101ku ES att\u012bst\u012bbu, apdraud\u0113t \u0161o veidojumu k\u0101 t\u0101du. \u0160obr\u012bd ir gr\u016bti prognoz\u0113t, kas notiks investoru pr\u0101tos, vai b\u016bs uztic\u012bba visam re\u0123ionam, k\u0101 r\u012bkosies Eiropas centr\u0101l\u0101 banka gad\u012bjum\u0101, ja briti nobalsos par izst\u0101\u0161anos. Jau patlaban Londonas \u012bpa\u0161umu tirgus st\u0101v, vi\u0146\u0161 piebilda.<\/p>\n<p>Vineta Vigupe, CBRE tirgus izp\u0113tes un konsult\u0101ciju direktore Baltijas valst\u012bs, piekr\u012bt, ka invest\u012bciju aktivit\u0101te pieaugumu var\u0113tu skaidrot ar \u013coti zem\u0101m procentu likm\u0113m (gan noguld\u012bjumu, gan bankas aizdevumu likm\u0113m), tom\u0113r tas ir tikai viens no iemesliem. Daudzi institucion\u0101lie investori turpin\u0101ja savu fondu sl\u0113g\u0161anu, kas ir reglament\u0113ts fonda prospektos, vi\u0146a skaidroja. Piem\u0113ram, Obligo portfe\u013ca vai BPT Optima portfe\u013ca p\u0101rdo\u0161ana b\u016btu notikusi tik un t\u0101, neatkar\u012bgi no procentu likm\u0113m.<\/p>\n<p>Invest\u012bciju fondi ir akt\u012bvi, gan p\u0113rkot jau eso\u0161us objektus, gan att\u012bstot jaunus. Tas ir skaidrojams ar br\u012bvo telpu \u012bpatsvara samazin\u0101\u0161anos un nomas maksas stabiliz\u0113\u0161anos, k\u0101 ar\u012b ekonomikas izaugsmi re\u0123ion\u0101.<\/p>\n<p>K\u0101 piem\u0113ru V. Vigupe nosauca Lords LB projektu K29 Vi\u013c\u0146\u0101, kuru att\u012bst\u012bja un piln\u012bb\u0101 iznom\u0101ja pats fonds, turkl\u0101t tas nepl\u0101no \u0161\u012b objekta p\u0101rdo\u0161anu tuv\u0101kaj\u0101 laik\u0101, neraugoties uz to, ka invest\u012bciju tirgus ir akt\u012bvs.<\/p>\n<p>Savuk\u0101rt lo\u0123istikas sektora att\u012bst\u012bbu Centr\u0101leirop\u0101 kopum\u0101 virza glob\u0101l\u0101 tirdzniec\u012bba un e-komercijas apjomu palielin\u0101\u0161an\u0101s.<\/p>\n<p><strong>Izdev\u012bgi p\u0101rdot<\/strong><\/p>\n<p>Tuv\u0101kie 12\u201318 m\u0113ne\u0161i b\u016bs \u013coti akt\u012bvi, b\u016bs daudz dar\u012bjumu, bankas tos labpr\u0101t finans\u0113s, prognoz\u0113ja A. Tralmaks. B\u016bs spiediens uz pensiju fondiem invest\u0113t nekustamajos \u012bpa\u0161umos, gads b\u016bs ra\u017e\u012bgs un dar\u012bjumiem bag\u0101ts. Patlaban \u012bpa\u0161niekiem ir \u012bstais br\u012bdis izdev\u012bgi p\u0101rdot savus \u012bpa\u0161umus, jo naudas pasaul\u0113 valda p\u0101rbag\u0101t\u012bba, ir neapdom\u012bgi pirc\u0113ji, naudas l\u012bdzek\u013ci ir l\u0113ti, vi\u0146\u0161 izteic\u0101s.<\/p>\n<p>Eirop\u0101 ienes\u012bguma likmes ir b\u016btiski samazin\u0101ju\u0161\u0101s, t\u0101s ir v\u0113sturiski zem\u0101kaj\u0101 l\u012bmen\u012b kop\u0161 devi\u0146desmito gadu s\u0101kuma. Centr\u0101l\u0101s un Austrum- eiropas re\u0123ion\u0101 \u0161\u012b korekcija turpin\u0101sies ar\u012b \u0161ogad p\u0101ris lielo dar\u012bjumu d\u0113\u013c, kurus ir pl\u0101nots pabeigts, \u0161\u0101das ir CBRE speci\u0101listu prognozes.<\/p>\n<p>Investoru pras\u012bto ienes\u012bgumu no nekustam\u0101 \u012bpa\u0161uma ieg\u0101des (yield) Latvij\u0101 tie\u0161i ietekm\u0113 alternat\u012bvu invest\u012bciju iesp\u0113jas Eiropas un glob\u0101laj\u0101 invest\u012bciju tirg\u016b. Tur\u0113t naudu depoz\u012btos un oblig\u0101cij\u0101s investoriem \u0161obr\u012bd neatmaks\u0101jas, koment\u0113ja Ilze Opmane-J\u0113gere, DNB bankas Lielo uz\u0146\u0113mumu segmenta vad\u012bt\u0101ja. Skandin\u0101vijas un Rietumeiropas investori \u0161obr\u012bd akt\u012bvi ien\u0101k Baltij\u0101, jo te, ieguldot l\u012bdz\u012bg\u0101 \u012bpa\u0161um\u0101, var nopeln\u012bt krietni vair\u0101k nek\u0101 vi\u0146u m\u012btnes zem\u0113s. Pa\u0161reiz\u0113j\u0101s konkurences d\u0113\u013c investoru pras\u012btais ienes\u012bgums tuv\u0101kaj\u0101 n\u0101kotn\u0113 var\u0113tu saglab\u0101ties eso\u0161aj\u0101 l\u012bmen\u012b vai pat v\u0113l nedaudz samazin\u0101ties, kas ir laba zi\u0146a tiem, kuri tuv\u0101kaj\u0101 n\u0101kotn\u0113 v\u0113las p\u0101rdot savus \u012bpa\u0161umus, vi\u0146a turpin\u0101ja. Tiesa, ir jaut\u0101jums par tik zema ienes\u012bguma l\u012bme\u0146a ilgtsp\u0113ju ilg\u0101k\u0101 laika posm\u0101. Investori var\u0113tu pras\u012bt liel\u0101ku atdevi, ja Eiropas Centr\u0101l\u0101 banka main\u012bs savu depoz\u012bta procentu likmju politiku, t\u0101pat ar\u012b banku regulatori gadu no gada paaugstina kapit\u0101la pras\u012bbas pret t\u0101m, \u2013 tas var n\u0101kotn\u0113 sad\u0101rdzin\u0101t kred\u012btus.<\/p>\n<p>Izv\u0113rt\u0113jot invest\u012bciju apjomu \u0161\u012b gada pirmaj\u0101 ceturksn\u012b re\u0123ion\u0101, tostarp Baltij\u0101, tas ir krietni maz\u0101ks nek\u0101 2015. gada 1. ceturksn\u012b. Ar\u012b ienes\u012bguma likmju korekcija re\u0123ion\u0101 1. ceturksn\u012b nav nov\u0113rota, inform\u0113ja V. Vigupe. Kvalitat\u012bva komerc\u012bpa\u0161umu pied\u0101v\u0101juma tr\u016bkums ir viens no faktoriem, kas ietekm\u0113 investoru aktivit\u0101ti. Lai gan tirgus atrodas posm\u0101, kad ir izdev\u012bgi p\u0101rdot, potenci\u0101lie p\u0101rdev\u0113ji var saskarties ar gr\u016bt\u012bb\u0101m ieguld\u012bt ieg\u016btos finan\u0161u l\u012bdzek\u013cus, t\u0101p\u0113c \u0161o l\u0113mumu atliek. Viens no risin\u0101jumiem ir alternat\u012bvie sektori. T\u0101di ir daudzdz\u012bvok\u013cu \u012bres nami, studentu kopm\u012btnes, datu centri, atp\u016btas un izklaides objekti, medic\u012bnas iest\u0101des, pension\u0101ru apr\u016bpes centri u.tml. Latvij\u0101 pa\u0161laik \u0161\u0101di alternat\u012bvie segmenti gan nav att\u012bst\u012bju\u0161ies tikt\u0101l, lai piesaist\u012btu starptautisku investoru uzman\u012bbu, t\u0101p\u0113c ar\u012b \u0161ogad galvenie invest\u012bciju objekti b\u016bs biroju \u0113kas un mazumtirdzniec\u012bbas objekti, uzskata V. Vigupe. P\u0113c vi\u0146as dom\u0101m, diez vai sekos tas pats tirgus scen\u0101rijs k\u0101 p\u0113c 2007. gada. Pa\u0161reiz\u0113j\u0101 situ\u0101cija ir at\u0161\u0137ir\u012bga, piem\u0113ram, bankas tikpat k\u0101 nefinans\u0113 att\u012bst\u012bbas projektus un \u013coti r\u016bp\u012bgi izv\u0113rt\u0113 invest\u012bciju objektus un kred\u012btu \u0146\u0113m\u0113jus. Latvij\u0101 v\u0113l joproj\u0101m tirg\u016b tiek realiz\u0113ti tie projekti, kas tika s\u0101kti vai uzb\u016bv\u0113ti 2006.\u20132009. gad\u0101.<\/p>\n<p><strong>Tie pa\u0161i v\u0113\u017ei<\/strong><\/p>\n<p>Ir vair\u0101ki faktori un \u012bpatn\u012bbas, kas attur investorus un att\u012bst\u012bt\u0101jus izv\u0113rst darb\u012bbu tie\u0161i Latvij\u0101, uzskata invest\u012bciju fondu p\u0101rst\u0101vji. Jekaterina Kolosova, Nordic and Baltic Property group r\u012bkot\u0101jdirektore Baltijas valst\u012bs, akcent\u0113ja, ka ir j\u0101r\u0113\u0137in\u0101s ar augstiem nodok\u013cu maks\u0101jumiem pie sam\u0113r\u0101 zemas nomas maksas, investoriem ienes\u012bgums ir zems. Uz nodok\u013cu sist\u0113mas nestabilit\u0101ti nor\u0101d\u012bja Viktors Savins, Eften Capital vado\u0161ais partneris: uz\u0146\u0113m\u0113ji nevar pa\u013cauties uz to, ka nesekos straujas p\u0101rmai\u0146as. Nodok\u013ci, likumi regul\u0101ri main\u0101s, ko investors nevar\u0113ja \u0146emt v\u0113r\u0101, izv\u0113rt\u0113jot k\u0101da objekta pirk\u0161anu, bet kas v\u0113l\u0101k ietekm\u0113 biznesu. Savuk\u0101rt jaunu objektu b\u016bvniec\u012bba patlaban neatmaks\u0101jas zem\u0101s nomas maksas d\u0113\u013c, vi\u0146\u0161 skaidroja.<\/p>\n<p>Ja grib ieg\u016bt kred\u012btu jauna projekta tap\u0161anai, ir j\u0101r\u0113\u0137in\u0101s ar banku pras\u012bbu par nosl\u0113gtiem nomas priek\u0161l\u012bgumiem. K\u0101 lai to dab\u016b gatavu, ja pat ne vis\u0101m eso\u0161aj\u0101m \u0113k\u0101m piesaist\u012bt nomnieku ir vienk\u0101r\u0161i, vaic\u0101ja J. Kolosova. Savuk\u0101rt l\u0113tu objektu, ko var\u0113tu uzlabot, \u0161obr\u012bd pied\u0101v\u0101jum\u0101 neb\u016bt nav daudz, v\u0113l pirms da\u017eiem gadiem izv\u0113le bijusi pla\u0161\u0101ka.<\/p>\n<p>Ir v\u0113rts ieguld\u012bt ar\u012b jaunos projektos, ta\u010du tiem dr\u012bz\u0101k j\u0101b\u016bt ni\u0161as produktiem. A un B+ biroju \u0113ku gad\u012bjum\u0101 ir j\u0101r\u0113\u0137in\u0101s ar l\u0113nu br\u012bvo telpu aizpild\u012b\u0161anu, jo pieteikto projektu skaits tuv\u0101kajos gados ir liels, telpu apjoma palielin\u0101jums var\u0113tu b\u016bt iespaid\u012bgs, ja tie tiks \u012bstenoti, pauda Inese Jurevi\u010da, New Europe Real Estate investoru attiec\u012bbu vad\u012bt\u0101ja.<\/p>\n<p>Viens no izaicin\u0101jumiem tirg\u016b ir t\u0101 lielums, kas noz\u012bm\u0113, ka pied\u0101v\u0101jum\u0101 ir maz atrakt\u012bvu objektu. Nereti viens un tas pats objekts tiek tirgots pa apli, l\u012bdz ar to kvalitat\u012bva izaugsme patlaban ir nosac\u012bta. N\u0101kotn\u0113 ir perspekt\u012bva jauniem objektiem, att\u012bst\u012bbas projektiem, sprieda I. Opmane-J\u0113gere. Dar\u012bjumu kopum\u0101 ir diezgan daudz, ta\u010du starp tiem jaunu objektu tik tie\u0161\u0101m ir maz. Nereti san\u0101k p\u0101rfinans\u0113t vienus un tos pa\u0161us \u012bpa\u0161umus, piekrita Je\u013cena Gavrilova, SEB bankas nekustamo \u012bpa\u0161umu finans\u0113\u0161anas p\u0101rvaldes vad\u012bt\u0101ja. Kopum\u0101 bankas uz invest\u012bciju dar\u012bjumu finans\u0113\u0161anu skat\u0101s labv\u0113l\u012bgi, bet ar\u012b sam\u0113r\u0101 uzman\u012bgi. Ar\u012b vi\u0146a \u0161o gadu prognoz\u0113 dar\u012bjumu zi\u0146\u0101 akt\u012bvu, ar jauniem investoru v\u0101rdiem.<\/p>\n<p><u>Viedoklis<\/u><br \/><strong>Konkurence liks main\u012bt fokusu<\/strong><br \/>Ilze Opmane-J\u0113gere, DNB bankas Lielo uz\u0146\u0113mumu segmenta vad\u012bt\u0101ja<\/p>\n<p>Invest\u012bciju tirgus \u0161obr\u012bd ir neviendab\u012bgs. Redzam \u013coti lielu investoru interesi ieguld\u012bt l\u012bdzek\u013cus labos, sak\u0101rtotos \u012bpa\u0161umos, kas \u0123ener\u0113 regul\u0101ru naudas pl\u016bsmu, it sevi\u0161\u0137i birojos, da\u017e\u0101da izm\u0113ra tirdzniec\u012bbas centros. Nep\u0101rsp\u012bl\u0113\u0161u sakot, ka uz katru labu objektu ir vismaz 5-10 nopietni interesenti, konkurence ir tie\u0161\u0101m liela. Zin\u0101m vair\u0101kus investorus, kuriem kont\u0101 st\u0101v pieejami l\u012bdzek\u013ci, bet neizdodas atrast piem\u0113rotus naudas pl\u016bsmas objektus, ko ieg\u0101d\u0101ties, t\u0101p\u0113c investori vai nu ir spiesti pazemin\u0101t savas atdeves pras\u012bbas, vai ar\u012b tiem j\u0101s\u0101k skat\u012bties uz jauniem segmentiem.<\/p>\n<p>Cit\u0101da situ\u0101cija ir ar nesak\u0101rtotiem objektiem, att\u012bst\u0101miem zemes gabaliem, rekonstru\u0113jamiem \u012bpa\u0161umiem \u2013 \u0161\u0101du \u012bpa\u0161umu likvidit\u0101te ir dr\u012bz\u0101k slikta, jo \u0161obr\u012bd akt\u012bvu att\u012bst\u012bt\u0101ju mums Latvij\u0101 ir pamaz, it \u012bpa\u0161i, ja sal\u012bdzin\u0101m ar Lietuvu un Igauniju. Att\u012bst\u012bbas projektus bremz\u0113 gan ba\u017eas par ilgo un neparedzamo b\u016bvniec\u012bbas procesu, gan kr\u012bzes laik\u0101 g\u016bt\u0101 negat\u012bv\u0101 pieredze, gan ar\u012b sava kapit\u0101la tr\u016bkums. Izskan ar\u012b ba\u017eas par piepras\u012bjumu p\u0113c jaun\u0101m biroju telp\u0101m, tirdzniec\u012bbas un industri\u0101laj\u0101m plat\u012bb\u0101m, ta\u010du m\u016bsu klientu pieredze r\u0101da, ka \u0161obr\u012bd piepras\u012bjums p\u0113c telp\u0101m p\u0101rdom\u0101tos, labi apsaimniekotos projektos ir sam\u0113r\u0101 labs.<\/p>\n<p>Ja sal\u012bdzin\u0101m ar 2006.-2007. gadu, tad \u0161obr\u012bd banku pieeja nekustamo \u012bpa\u0161umu kredit\u0113\u0161an\u0101 ir krietni main\u012bjusies, daudz liel\u0101ks fokuss tagad ir uz \u012bpa\u0161uma naudas pl\u016bsmas paredzam\u012bbu un ilgtsp\u0113ju, vad\u012bbas un \u012bpa\u0161nieku pieredzi, reput\u0101ciju. Liel\u0101k\u0101 da\u013ca no invest\u012bciju dar\u012bjumiem notiek ar banku l\u012bdzfinans\u0113jumu, un labiem objektiem ar paredzamu, dro\u0161u naudas pl\u016bsmu kred\u012bta apm\u0113rs var sasniegt pat 70% no \u012bpa\u0161uma v\u0113rt\u012bbas. Bankas l\u012bdzfinans\u0113 ar\u012b jaunu \u012bpa\u0161umu att\u012bst\u012bbu. Te gan ir j\u0101atceras, ka jebkur\u0101 jaun\u0101 projekt\u0101 ir vair\u0101k nezin\u0101mo nek\u0101 jau pabeigtam \u012bpa\u0161umam, t\u0101p\u0113c jaunu objektu att\u012bst\u012bbai kred\u012btu apm\u0113rs caurm\u0113r\u0101 ir maz\u0101ks nek\u0101 jau pabeigtam \u012bpa\u0161umam &#8211; l\u012bdz 50-60% no kop\u0113j\u0101 nepiecie\u0161am\u0101 invest\u012bciju apjoma.<\/p>\n<p>N\u0101kotn\u0113 sagaid\u0101m, ka konkurence dar\u012bjumos ar naudas pl\u016bsmas objektiem spied\u012bs da\u013cu no investoriem akt\u012bv\u0101k piev\u0113rsties ar\u012b da\u017e\u0101du att\u012bst\u012bbas projektu l\u012bdzfinans\u0113\u0161anai. Jau tagad redzam, ka tiek dibin\u0101ti kopuz\u0146\u0113mumi, kur objektu att\u012bsta pieredz\u0113jis att\u012bst\u012bt\u0101js, ta\u010du starta kapit\u0101lu zemes ieg\u0101dei, b\u016bvniec\u012bbas s\u0101kuma posmam iegulda finan\u0161u investori. Regul\u0101ri dzirdam viedok\u013cus, ka \u0161obr\u012bd Latvij\u0101 att\u012bst\u012bt jaunus \u012bpa\u0161umus neatmaks\u0101jas, ta\u010du no savu klientu sasniegt\u0101 redzam, ka ar\u012b \u0161\u0101di projekti atmaks\u0101jas, ja ir skaidri izstr\u0101d\u0101ta projekta koncepcija un to vada pieredz\u0113jusi komanda ar labu izpratni par viet\u0113jo tirgu. T\u0101pat ir ar\u012b ar nesak\u0101rtotiem objektiem &#8211; zin\u0101m klientus, kuri specializ\u0113jas tie\u0161i uz \u0161\u0101du \u012bpa\u0161umu rekonstrukciju, att\u012bst\u012b\u0161anu, un g\u016bst no t\u0101 labu pe\u013c\u0146u.<\/p>\n<p>www.db.lv<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Nekustam\u0101 \u012bpa\u0161uma invest\u012bciju tirgus \u0161ogad b\u016bs akt\u012bvs; interesi un naudas piepl\u016bdumu komerc\u012bpa\u0161umos sekm\u0113 ar\u012b zem\u0101s procentlikmes Sal\u012bdzinot ar 2014. gadu, p\u0113rn par 25 % audzis kop\u0113jais invest\u012bciju apjoms gan Centr\u0101l\u0101s&#8230; <\/p>\n","protected":false},"author":2,"featured_media":1363726,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-1363725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zina"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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