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Tuesday 20.03.2018 | Name days: Made, Irbe

Round timber purchase prices increase 1–6 lats/m3

Procurement prices of both coniferous and deciduous tree saw timber kept gradually increasing in H2 of 2010, due to significant domestic and foreign buyers’ activity.

Macroeconomic indicators index grows 4.1%

Compared to the exact month last year, in February 2011 the macroeconomic indicators composite index at constant prices rose 4.1%.

Latvia debt drops to 37.7% of GDP

Over the two months, the government and local government debt has fallen to 23.8 million lats, with its nominal value comprising 5.056 billion lats or 37.7% of GDP in late February, according to the aggregated data by the Finance Ministry.

About 78 lats paid in micro-tax monthly

In 2011, a single enterprise paid about 233 lats in micro-tax a quarter or 78 lats a month, suggesting that their turnover does not exceed 855 lats a month.

Politicians’ task – creating sense of pride about women with three children

Decreasing number of Latvia’s population is becoming a national security issue. Because the infrastructure, competitiveness and the capacity to meet international obligations depend on the number of inhabitants, indicates one of the association For Good Latvia! leaders Andris Skele, who will further chair the Saeima Demographic Policy Subcommittee.

Norvik Bank made 200 000 lats last year

Norvik Bank posted 200 000 lats profit in the 2010 reporting period, with its assets increasing by 26% up to 587 million lats in late 2010.

69% of Swedbank's Savings with Life Insurance clients use tax reliefs

Of Swedbank’s clients opting for Savings with Life Insurance, 69% also use tax incentives, indicates TRIM’s survey of life insurance clients.

Reverse VAT applicable to all construction project stages

To exclude value added tax scheme possibilities in construction services in Latvia, reverse VAT payment procedures should be applicable to all stages of the construction project, starting with building permit to unit maintenance services after it is put into operation, the Latvian Chamber of Commerce and Industry members are convinced.

Foreign Affairs Minister sees great potential in Liepaja port

When meeting Liepaja Special Economic Zone companies’ representatives, the Foreign Affairs Minister Ģirts Valdis Kristovskis highlighted the potential of Liepaja Port, and encouraged more active use of the Latvian ambassador and honorary consul's support in attracting new investments and cooperation partners from abroad.

Rīgas siltums donates 840 000 lats to the needy

Considering the complex situation in Latvia, AS Rīgas siltums shareholders’ meeting collectively supported Riga City Council Deputy Chairman Andris Ameriks’ proposal to grant 840 000 lats to the Latvian Local Governmets’ Association for granting housing benefits to the destitute in Riga.

Medicine sales in Latvia down 8%

In February 2011, Latvian medicine wholesale volumes comprised 16.29 million lats – a decrease of 8%, compared to January 2011.

Stiga RM suspicious of information distortion on railway crossing accident

The company Stiga RM has a reasoned suspicion of possible information distortion regarding the accident on Tuesday, March 29, morning at railway crossing in Kegums. The company has found significant information was not immediately submitted to law enforcement authorities.

Proposal to abandon state funding in university budgets

Latvia Strategic Analysis Committee (SAC), in charge of drafting an alternative perspective on the necessary changes in higher education, is likely to propose removing state-funded study places at Latvia's universities, said the SAC Chairman Roberts Kilis.

Riga City Council to decide on granting land for Dinamo Riga sports facility

Riga City Council’s Investment and Business Promotion Council is to review AS Dinamo Riga's request on land allocation for sports facility construction on Thursday, March 31.