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Monday 18.06.2018 | Name days: Madis, Alberts

Industry producer prices up 2.3%

If comparing to March, the overall level of producer prices in Latvian industry grew 2.3% in April 2011, increasing 4.2% on the domestic market, while dropping 0.3% in export.

Latvia Census may count more than actual population

Latvia Census 2011 could bring a number of surprises. One of them - it could count much less of those who have emigrated.

Investment banker: pensioners bring Latvia near financial disaster

Pensioners not only push Latvia closer to a financial catastrophe, but are also the electorate of politicians not willing to change anything, the investment banker Ģirts Rungainis is convinced.

Real estate tax to be changed in 2013

New systemic solutions for the real estate tax system in Latvia should be introduced starting from 2013.

Investment banker: tax dodgers should be jailed

It is possible to combat the shadow economy and prevent tax evasion in three ways, believes the investment banker Ģirts Rungainis. Firstly, taxes should be reduced. Secondly, employers and accountants should be put behind bars. Thirdly, employees notifying about unlawful actions should be granted large premiums, he says.

Economist: employed population could grow 2.5%

Latvia Central Statistical Bureau's data on the economically active population in Latvia confirm forecasts on the slow improvements in the labour market, Swedbank senior economist Lija Strasuna told the business news portal BNN.

Economically active population drops 1.7%

Labour Force Survey results on the 1st quarter of 2011 show, if comparing to the corresponding period a year before, economically active population has shrank 1.7%, namely, nearly two thirds (64.6%) of the population were active.

Lithuanian politician: 50 km/h – not the 21st century speed

The Central and Eastern European economies are unable to attain their potential goals due to poor infrastructure, considers Egidijus Meilunas, the Lithuanian Foreign Affairs deputy minister, adding that 50 km/h is not a speed of the 21st century.

Businesses don't make use of tax incentives

No one has yet applied to corporate income tax incentives meant for over 5 million lats projects. There is certain interest but no applications, says Ilze Beināre, director of Economy Ministry Business competitiveness department.

New electricity tariff sets in before they should

Despite the new Latvenergo tariff is in force only for one and a half month, some households consuming 200 kWh in April have been sent bills with the new raised electricity tariff which was to set in only after 1 200 kWh were consumed.

Zatlers promotes Latvia as attractive for investments

In the meeting with the Foreign Investors' Council in Latvia, the President of Latvia Valdis Zatlers pointed out one of his daily tasks includes explaining foreign investors and other financial institutions the current economic situation and boosting confidence in Latvia as attractive for investments, accoridng to the President's Chancery statement.

New car registrations drop 18% in April

In April, the number of registered new cars amounted to 642 units – 18% less than last month; however, 87% more than in April 2010, according to the Latvian Authorized Auto Dealers’ Association data.

Saeima not extending term to assess Parex Bank take-over

May 19, the Saeima of Latvia dismissed the request to extend term of the working team developed to assess Parex Bank take-over and restructuring process. Despite, the commission had asked for nine more months, it will have to round up work in a couple of days - May 24.