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Monday 25.06.2018 | Name days: Maiga, Milija

Estonia - eurozone leader in shadow economy

Estonian shadow economy is the biggest among the eurozone member states. Estimates show that shadow economy in Estonia could hit 28.6% of GDP this year, compared to 29.3% in 2010.

Vilks: Latvia does not deserve government «steering» east

In this increasingly important time, Latvia definitely does not deserve a government heading east, the Latvian Finance Minister Andris Vilks writes on his Twitter account on September 23.

Foreign travellers spent 173.9 million lats in Latvia

In the first half of 2011, foreign visitors spent 173.9 millon lats in Latvia – 14% more than in the same period last year, according to the Central Statistical Bureau.

Zatlers Reform Party encouraged marking «crosses» to special members

Zatlers Reform Party’s Ethics Committee has addressed the issue of pre-election party newspapers encouraging voters to mark a cross next to some ZRP deputy candidates names.

Tax penalties written off too hastily

Possibly, the draft law stipulating one-off penalty deletion for tax debtors was forwarded in Saeima too hastily.

Titavs: «zatlerians» are not behaving

Absence of President Andris Berzins and mutual dislike among parties postpones coalition building, says Dans Titavs, board member of Latvian Exporters and Investors Club.

Large publicity promised for reaserch on Russian NGOs’ impact

The research on pro-Russian non-governmental organizations’ activities in the Baltic States is topical for all three Baltic States – we already see first signs that it is important and the findings will create a large publicity, says Inga Springe.

True winners of elections - Unity, Zatlers Reform Party and National Association

"I do not think that Harmony Center gaining 31 parliament seats is something extraordinary. The party association has little support from the part of voters. The true winners are Unity, Zatlers Reform Party and the national association All for Latvia!-TB/LNNK, whose results report growing support," Ina Druviete, Unity member elected in the 11th Saeima, told the news portal BNN.

Latvian court employees to get bigger salaries

Justice Ministry and Latvian court employees have come to an agreement that 1 446 court employees will be paid more starting from October 2011. The ministry is set to spend LVL 278.956 for that.

Fenster: we have money enough

Commenting on the initiated case regarding the publishing house Fenster insolvency, Andrejs Kozlovs, company's chairman, claims that his company is huge and there are no problems with its liquidity.

Car services set to boost prices

"Inevitable increase in workforce remuneration, heavy tax burden and energy resources price gains are the key arguments pushing authorized car services to boost prices for at least 10%," says Andris Kulbergs, President of Latvian Authorized Automobile Dealers Association.

Berzins: austerity measures helped Latvia exit crisis

During his address at the 66th session of the United National General Assembly, the President of Latvia Andris Berzins, pointed out that Latvia was among the countries that were most rapidly and severely stricken by the economic crisis. However, it recovered due to swift and decisive action regarding austerity measures.

Selva būve: Latvia and large constructors enable creation of «construction-mayflies»

Latvia and large construction companies claim there are too many «construction mayflies» – small construction companies that operate for a while and then leave the market. However, their actions directly contribute to the emergence of such constructors, says Rolands Orlovskis, board chairman of SIA Selva būve.

airBaltic seeks legal protection

Latvian national airline airBaltic has applied for legal protection so that it can keep operating flights to European, Middle East, Russian and CIS airports.

Survey: Latvia has world’s fifth fastest Internet download speed

Latvia has the fifth highest Internet download speed in the world, according to the released data by the company Pando Networks on Tuesday, September 20.