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Saturday 21.10.2017 | Name days: Severīns, Urzula
LatviaLatvia

Economist: money supply in economy rises 3.5%

Last December, the volume of money in circulation continued to rise, reaching the highest monthly growth rate since December 2009, the economist at the Bank of Latvia Vilnis Purviņš informs.

Millions spent on emergencies

Last year, 2.5 million lats was spent from the budget program on unforeseen events – in particular on flooding and fire. The remaining funds, which comprise more than 70 million lats, were directed to politically significant, yet barely priority measures.

Credit agreement necessary before EU funds are granted

In order to conclude an agreement on project implementation with the European Union (EU) support, a previously approved credit agreement will be necessary, according to the government's approved amendments to the activity «Development of new products and technologies – support for the introduction into production of new products and technologies».

State Chancellery’s function audit purely theoretical

Upon assessing the function audit carried out by the State Chancellery on the administrative burden reduction and procedure simplification in the education system and business, the Saeima members concluded the results are purely theoretical and no practical solutions are provided, the business news portal BNN was informed by the Saeima.

Latvian economy to grow 3% this year

This year the Latvian economy will spike about 3%, while export, having surged 29% in 11 months last year, will still be the key economic driving force, the senior economist at AS Nordea banka Andris Strazds indicates in a press video conference.

Vilks: budget deficit should be reduced to 5% of GDP

This year Latvia will continue to take steps to reduce the state budget deficit to 5% of the gross domestic product, the Finance Minister Andris Vilks indicated in Euromoney Central and Eastern Europe Conference in Vienna.

Estonian energy company acquires Latvian firm

Estonian energy company Eesti Energia has acquired 90% of SIA Valkas bioenerģijas kompānija shares, according to the Land Register data.

Special categories of passengers to travel for free in route taxis

Starting from January 1, next year, route taxis will not be able to avoid transporting certain categories of passengers for free; so they should be clearly specified to be compensated afterwards, AS Rīgas taksometru parks Chairman Leopolds Muižnieks says.

Latvian tax policy to lose the most

Latvia is the only one from the Baltics increasing tax burden on tourism in 2011, it is remaining flat in Estonia, while Lithuania has even reduced the tax rates, according to a sworn lawyers office BDO Zelmenis & Liberte study.

Most successful companies use Internet for marketing

Companies making use of the Internet for marketing purposes turn out to be more successful and more convinced about the future than those who do not, according to a study «Internet and IT Use among Small and Medium Enterprises».

Daugava denies ignoring loan payments

We have not ignored loan payments included in the agreement concluded with Swedbank, says SIA Daudznozaru kompānija Daugava Board Chairman Aigars Vaivars, denying the previously announced information about the company not meeting its liabilities.