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Saturday 19.08.2017 | Name days: Melānija, Imanta

Egle: entrepreneurs, concerned about long-term development, should learn

The knowledge gained during the economic change period will be very valuable for future business development, said the Director-General of the Employers’ Confederation of Latvia Elīna Egle, adding that the ECL Business Resource Centre offers employers free training programs.

Non-stop attempts to steal fuel

Illegal fuel obtaining ways differ in Latvia, and according to fuel dealers, may comprise 30% of Latvia’s domestic gas market.

Economist: property tax should be raised and bigger pensions taxed

An alternative of how to cut expenditure even more than proposed by the government is to revoke the reduced VAT rates, introducing compensation mechanisms for the destitute and rise the property tax even more rapidly, as well as bigger pensions, for example, above 180 lats should be applied additional tax, says the economist Vjačeslavs Dombrovskis.

Every fifth inhabitant plans moving abroad

Approximately every fifth (19%) economically-active inhabitant of Latvia, aged 18 to 55, plans leaving Latvia to live abroad in the nearest time.

Supreme Court Chief Justice: judges get only 37% of what they should

Currently judges in Latvia earn about 37% of what they actually should, if there had not been the irregularities found by the Constitutional Court and the salaries were not frozen, says Chief Justice of the Supreme Court Ivars Bickovics (Bičkovičs).

Prieditis: negative attitude hampers recovery

It was very difficult to survive the construction material business bankruptcy; yet, at the same time there were many things to learn, appreciate and understand, admitted the Co-owner and Director of the already liquidated Tapeks empire Vilnis Prieditis. Despite the fact that he often encounters negative attitude, the businessman is again planning new projects.

Dombrovskis: lenders object to maintaining the same 2nd Tier of pensions contributions

In the formation of 2011 state budget, the international lenders have the most objections to maintaining the same 2nd Tier of pensions contributions - 2%, says the Prime Minister of Latvia Valdis Dombrovskis.

Factoring for Latvian businessmen – hardly available also in long term

Foreign business deals with Latvian companies will still be constrained by the state’s high risk of credit risk insurance.

Court representatives might be compensated for salary cuts

Saeima Legal Committee Judicial Policy Subcommittee concedes that in early 2011 court representatives might be paid compensations for the reduced wages, this would require from the state budget as a minimum - half a million lats.

Bank of Latvia President: 2012 budget should be formulated from scratch

The state should carry out revision of their administration and start formulating 2012 budget from scratch, assessing each function separately, the Bank of Latvia President Ilmars Rimsevics suggested when meeting with the Deputies of Saeima Economic, Agrarian, Environmental and Regional Policy Committees.

Lithuania lowers excise tax on alcohol

The Lithuanian Parliament has supported the reduction of excise tax on alcohol by 27.5%. The new tariff will enter into force on January 1, next year.

Saeima Speaker: Parliament to involve social partners in budget draft discussion

Social partners and non-governmental organizations will be invited to partake in discussions concerning the next year’s budget, Saeima Speaker Solvita Aboltina indicated when receiving portfolio with 2011 budget draft from the Finance Minister Andris Vilks.

FTUCL Director: economy should be considered instead of mere figures

When adopting the next year’s budget, the state economic growth and development should be considered, and not solely the figures on paper and their compatibility, asserts the Director of Free Trade Union Confederation of Latvia Peteris Krīgers.

Standard & Poor’s rises Latvia credit rating

Rating agency Standard and Poor's has announced that it was rising Latvia credit rating from BB to BB+, while maintaining a stable credit rating outlook, the business portal BNN was informed by the Ministry of Finance.

Lenin monument blown up in St. Petersburg

On December 6 unidentified vandals blew up the statue of Lenin in St. Petersburg, Pushkin town. People did not suffer in the incident.

Fresh vegetable prices soar the most in Estonia over the year

In November of 2010, consumer prices in Estonia have increased by 5.3%, compared to the same period last year. Compared to September of 2010, the prices have climbed by 0.3%.

RTR Chairman: rout taxi handover to Rīgas Satiksme is the only alternative

On December 7, the Deputies of Riga City Council Traffic and Transport Committee approved route taxi handover to the Municipality’s company SIA Rīgas satiksme.

Latvia could be fined for poor quality air

Latvia can be imposed a fine of 200 000 lats due to its poor quality air, reports LNT broadcast 900 sekundes.

Agricultural land area in farm households grows by 15%

After surveying 86.4 thousand or 96% households, according to preliminary results managing 1.9 million hectares agricultural land in 2010, it was concluded the indicator has remained flat.

Kolonna founder Plaude–Relingere declared insolvent

Riga City Vidzeme District Court has declared the entrepreneur and Kolonna founder Ieva Plaude – Relingere’s insolvency, starting from October 29, this year.

Latvia and Estonia «fight» for first Christmas tree title

Latvia and its neighbour Estonia are each claiming to be the homeland of the first Christmas tree about five centuries ago.

LFTA President: contraband fuel reaches one-third of total consumption

Contraband fuel in Latvia could amount to one-third of the total fuel consumption, but the actual estimates should be provided by the law enforcement institutions, because each illegal percentage leaves a dent of 4 million lats in the state budget, believes the President of the Latvian Fuel Traders Association Ojars Karcevskis.

Imposing personal income tax to deposits complies with Constitution

The Constitutional Court (CC) has declared that personal income tax law, providing revenue derived from deposits is taxed, complies with the Constitution, says CC Assistant to the President Līna Kovalevska.

Kogan: fuel price climb will boost all prices

Along with fuel price increase, everything will be more expensive, which is not good, of course. Price climb will hit everything - from bread to railway, says SIA LUKoil Baltija R Deputy Board Chairman Haim Kogan.

Milk to become more expensive

During the following months the price of milk products could repeatedly increase, despite the fact that this year their price has climbed at least by 20%.

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