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Saturday 25.03.2017 | Name days: Māra, Marita, Mārīte

Non-financial investments in Latvia – 823.4 million lats

This year, during the period January – September, non-financial investments (at current prices) in Latvia formed 823.4 million lats, of which in the third quarter – 384.9 million lats.

Gasoline price hits new record in Latvia

Gasoline prices in Latvia continue climbing and surpassing all the previous price records. Today, December 8 retailer Latvija Statoil filling stations report 95 octane gas price - 81.4 santims per liter.

412 new companies registered in Latvia

Last week 412 new merchants were registered in Latvia, which is 29 less than a week ago. The majority - 336 were limited liability companies, 33 - individual merchants, while 29 - associations.

Gazprom pledges to delight Latvian consumers

Gas procurement price formulation for Latvia will be changed in the upcoming days. The price correction will be positive news for Latvian consumers, says Gazprom representative in the Baltics Pavel Litvinov.

Economist: price climb is not logical

Price climb is not inevitable in the current conditions, on the contrary, it contradicts the rules of logic in economy, the economist Andres Arrak, says Director of Business Management Institute Mainor.

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.

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.

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.

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.

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.

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.

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.

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.