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Ceturtdiena 21.09.2017 | Name days: Matīss, Modris, Mariss
LatviaLatvia

Multi-storey building at Zolitude Tragedy site sold at an auction for 3.9 million euros

The multi-storey building located at the site of Zolitude tragedy in Riga, Priedaines Street 20, has been sold at an auction for EUR 3.9 million, according to information published at eizsoles.ta.gov.lv.

Experts: Latvia either does not use advantages offered by technologies

In spite of wide technological opportunities to create a powerful digital economy, Latvia either does not know how or simply does not use those advantages. This hurts the country’s competitiveness on the global market.

CEOs admit – it is getting harder and harder to find new workers

Study results show that 60% of businesses admit it is getting harder and harder to find workers. This marks more complex personnel selection processes for employers, which often costs more time and money.

Opinion: consumption of dairy products in Latvia continues to decline

Consumption of dairy products continues to decline in Latvia, says Food Union Vice-President for strategy and businesses development matters Normunds Stanevics.

FCMC applies fines to three Latvian banks

Finance Capital and Market Commission in cooperation with United States Federal Bureau of Investigation found out that three Latvian banks – Baltikums Bank, Privatbank and Reģionālā investīciju banka – have not complied with requirements for combating money laundering and terrorism funding.

Role of NATO forces in Latvia’s state defence to be discussed in detail

On Tuesday, 27 June, Commander of Latvian National Armed Forces Major General Leonids Kalnins will meet with Lieutenant General Manfred Hofmann, who is the NATO's Multinational Corps North-East Headquarters Commander.

LCCI decides to request a review of state expenditure

During an extraordinary meeting on Monday, 26 June, Latvian Chamber for Commerce and Industry decided to withdraw its support for the medium-term tax strategy until the government is ready to return to guidelines approved by the Cabinet of Ministers.

Latvian ruling coalition agrees to introduce progressive PIT rate

The ruling coalition in Latvia has reached an agreement to differentiate personal income tax rate at 20%, 23% and 31%, as Prime Minister Maris Kucinskis told journalists after the coalition meeting.

Latvian Transport Ministry signs memorandum with Chinese Xinhua news agency

Transport Ministry’s State Secretary Kaspars Ozolins and Xinhua Vice-President Liu Siyang signed a memorandum on cooperation for mutual exchange of information associated with transport and logistics sector, BNN was informed by the ministry.

Employers: to increase wages, tax rise must not be allowed

«Social and cooperation partners have taken active part in the development of tax reform guidelines. Nevertheless, the ruling coalition is taking its time with making this important decision. On top of that, the ruling coalition is ignoring opinions from employers and employees,» say Latvian Employers' Confederation.

LOS: chopping down trees while bird eggs are still in nests is intentional murder

Estimates presented by Latvian Ornithological Society show that every year more than 50,000 bird nests are destroyed by logging every year.

Entire week expected to be rainy in Latvia

This week’s weather is expected to be volatile in Latvia. Air temperature this week will not exceed +25° C, according to the forecast from the State Environment, Geology and Meteorology Centre.

Real estate purchase «pain threshold» in Latvia – EUR 100,000

In relation to the possibility of purchasing a new home, Latvian residents view EUR 100,000 as the «pain threshold». The critical border for new project apartments is 1,300 EUR/m2. For standard apartments it is 1,000 EUR/m2. For private homes it is 1,600 EUR/m2, according to results of a study by PrivatBank.

Study: water can help improve memory

For years, dieting and healthy lifestyle specialists have been preaching the importance of sufficient water consumption. Water is known to have a beneficial effect on the function of the human organism. Most importantly – water helps improve the sharpness of our minds.

Saeima establishes indexation increase for pensioners with high seniority

On Thursday, 22 June, Latvia’s Saeima approved Social and Employment Matters Committee’s prepared amendments to the Pension Law in two readings, ensuring greater pension indexation for multiple pensioner groups next year.

Rail Baltica agreement will allow trains to travel at 240 km/h

Saeima of the Republic of Latvia will soon ratify Rail Baltica agreement, which is expected to allow passenger trains to travel at a speed of 240 km/h instead of 120 km/h. Higher travel speed will also ensure cargoes from Tallinn reach Poland within two days.

Latvian businessmen use e-commerce opportunities for business development

With e-commerce volumes growing around the world, Latvian businessmen use it more and more often for business development, including exports of goods and services. As noted by DPD, the number of packages sent to foreign countries grew 22% last year.

Latvia wishes to change its state president’s election process

Reviewing proposals to change the state president’s election process, Saeima’s Legal Affairs Committee decided to submit proposals developed by the work group to different Saeima factions for review, as BNN was informed by Saeima’s press-service.