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Saturday 25.11.2017 | Name days: Kadrija, Kate, Katrīna, Trīne

Lithuania adopts 2011 budget

The government of Lithuania has adopted the next year's budget. Despite the state's economy has stabilized, the government is still cautious as the economic downfall is not past yet, therefore pensions and public sector salaries will not return to the pre-crisis level any time soon.

47% of Latvia’s population hope for higher pension age income

Nearly half, or 47% of Latvia’s population hope their income at retirement age will be higher than currently.

Riga public transport not to become more expensive in 2011

Although public transport services will claim 7% more funds from Riga City budget, the tariffs will not be increased, moreover it is planned to keep all the current discounts.

Insurance policies price climb expected next year

Insurance policies price will surge in 2011, while the process will not be excessively rapid, says the insurance company ERGO Board member in the Baltics Deniss Sazonovs.

Latvia budget cuts are not big, compared to other states

Compared to budget cuts of other states, Latvian 590 million lats for the following two years seems not than big sum after all.

State administration to allow employee financial motivation

Starting from the next year, the employees financial motivation system in the state administration will be resumed, as well as the possibility to receive 30% premium in addition to the salary.

Latvia GDP surges 2.9%

In the third quarter of this year, the GDP has increased by 2.9%, compared to the corresponding period in 2009. Manufacturing contributed the most to the GDP growth.

Belarusian company starts proceedings on LatRosTrans oil pipeline ownership rights

The Belarusian company Družba has started legal proceedings on the oil pipeline Polock - Ventspils ten millions of lats worth technological oil ownership rights, on which SIA LatRosTrans has also laid a claim.

LNT Chairman Rudolf Meroni: the Latvian State must protect its national interests

Rudolf Meroni, the Chairman of the Supervisory Board of Latvija naftas tranzīts (LNT) the second biggest Ventspils Nafta shareholder cannot understand, why the Latvian government does not defend the national interest and resources in the case of the LatRosTrans crude oil pipeline.

Latvian companies total loss in 2009 - 754 million lats

Economically active businessmen losses after tax reached 754 million lats in 2009, according to the Central Statistical Bureau (CSB) data.

Big cities residents to pay the highest property tax

If the Saeima approves the government's supported proposal to double property tax for housing, Riga, Jurmala and other big cities residents will have to pay the most in taxes.

Builder: poor use of EU co-funds hinders construction revival

If all the money provided by the EU structural funds in Daugavpils was made use of, each and every builder in the city would be employed. Unfortunately this money is not used enough due to lacking co-financing or other reasons, told Daugavpils construction company SIA Gādība Executive Director Jevģēnijs Vasiljevs.

Lithuania declares war against cigarette smuggling

Lithuania is continuing to fight with cigarette smugglers, aiming to increase 2011 budget revenue.

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