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Wednesday 26.04.2017 | Name days: Rūsiņš, Sandris, Alīna

International logistics operator Pony Express enters Latvia’s market

Pony Express has announced its entry to the European market. Its first office will be opened in Riga, company representatives say.

Tele2 expands frequency in Estonia aiming 4.75G

Telecommunications firm Tele2 has purchased more volume in the 2,300-megahertz frequency band to be able to upgrade its 4.5G network to 4.75G network and to reach the goal as the first among its competitors.

Latvian Finance Ministry increases government debt outlook

Finance Ministry has decided to increase the government debt outlook in Latvia’s Stability programme 2017-2020 for the current and future years.

Latvia should be careful of adopting Estonia’s model in the tax system

Latvia should watch out for the so-called Estonian model’s introduction in the country’s tax system, says World Bank senior economist Emilija Skroka. World Bank experts are sceptical about this idea.

Lithuanian employers hail new labour bill, trade unionists frown

The enactment of Lithuania’s new Labour Code has been put off for six months, but, now, seemingly all roadblocks have been removed to enacting it from July 1 after the country’s Trilateral Council, consisting of Labour Unions, Government and employer organizations, agreed on the final redaction of the bill.

Transport Ministry invites Kyrgyzstan to use advantages of Latvia’s special economic zones

On Wednesday, 12 April, a joint meeting of the joint Latvian-Kyrgyzstan transport work group was held in Transport Ministry. At the end of the meeting, the two sides signed an agreement for closer cooperation between the two countries in transport, transit, logistics and aviation, BNN was told by the ministry.

Eesti Energia: Klaipeda gas terminal already works a regional facility

Although Estonia does not recognize Lithuania’s LNG terminal in Klaipeda as a regional facility and wants to build its own terminal, Eesti Energia manager Hando Sutter admits that Klaipeda terminal already functions as a regional one.

Expert: Latvia’s export contribution is closely tied to the situation in the EU

It is important to note that a major export value increase was noted in February – by 10.1%. This was largely thanks to growth in exports of transport and other services. With that, service export surplus grew to EUR 175.7 million, fully compensating foreign trade deficit, Finance Ministry comments on data from the Central Statistical Bureau of Latvia.

Government approves Latvia’s Stability programme for 2017-2020

The government has approved Latvia’s Stability programme for 2017-2020, which provides for increasing Latvia’s GDP to 3.2% in 2017 and 3.4% in 2018 at unchanged policy. For 2019 and 2020, on the other hand, it is planned for GDP growth rates to come close to the potential growth level, as predicted by Finance Ministry.

Government supports continuation of talks about purchase of shares in Conexus Baltic Grid

On Tuesday, 11 April, the Cabinet of Ministers supported continuation of talks with Conexus Baltic Grid shareholders about a possible procurement of shares in the company.

Raising VAT for accommodation sector would cost national economy nearly 47 million euros

Latvia’s national economy would lose nearly 47 million euros from increased VAT on accommodation sector, as reported by Economy Ministry.

Latvia’s foreign trade turnover formed 1.82 billion euros in February

In February 2017, Latvian foreign trade turnover amounted to EUR 1.82 billion, which was 6.1 % higher than in February 2016, and the exports and imports values of goods were 5.7 % and 6.5 % higher, respectively.

Expert: it is hard to be an honest taxpayer in Latvia

There are multiple flaws in Latvia’s tax system. Low tax collection is caused by high grey economy proportion, not low tax rates. The tax burden for honest taxpayers in Latvia is rather high. This especially applies to labour tax, economist Uldis Rutkaste says about Latvia’s tax reform.

Twitter wins row with U.S. government over request to unveil user identity

A U.S. federal institution has quit its request to the micro-blogging site Twitter to unveil the identity of users, who have criticised the policy of U.S. President Donald Trump.

Samsung Electronic Baltics picks Lithuanian agency as partner in Baltic States

Digital marketing agency Ad Fingers has become the new partner of Samsung Electronic Baltics in all three Baltic States.

Changes added to the management board of LDz Cargo

Aleksandrs Kazackovs was appointed as a member of the board of LDz Cargo on Monday, 10 April. He was previously the director of LDz Cargo Legal and Administrative Affairs Department.

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