The head of the market analysis division of Parex Asset Management Zigurds Vaikulis states that Latvia had to start to conduct negotiations with the Russian gas concern Gazprom a long time ago. Vaikulis acknowledges that the information on possible changes in Russian gas purchase processes, as a result of which natural gas could cost less for Latvia, is positive; however, he also indicated that Latvia had to start the negotiations with Russia earlier, because similar processes had already been taking place in Europe for some time.
The largest supermarket chains in Latvia Rimi and Maxima lack employees for dozens of job vacancies. The supermarket chain of Maxima searches for cashiers, salesmen, bakers, cleaners, hall controllers, security guards and even directors of the store. According to the newspaper Telegraf, Rimi faces a similar situation, in addition the offered gross salary ranges from LVL 260 to 500.
In the second quarter of the present year the number of the economically active population of Latvia, as compared with the exact period of the previous year, has shrank by 3.1%, and the rate of registered unemployment amounts to 16.5%.
According to the newspaper Telegraf, the Minister for Economics Artis Kampars has declared that the meating with the management of Gazprom can be considered as successful, because they have agreed to start discussing price reduction for the purchase of natural gas; however, as it turns out the real hero of the story is not Kampars, but Katara.
One of the leading information and communication technologies (ICT) companies in Latvia Lattelecom has expressed its concern about the amendments in the law On the Enterprise Income Tax (EIT) prepared by the Ministry of Finance (MF). The amendments provide tax reliefs to large projects, which Lattelecom believes to be discriminating.
According to the reports of today, the trade of strong alcoholic drinks at night and in the early hours has been banned in Moscow, in order to eliminate the main cause of the damage of the health of Russians - excessive use of alcohol.
According to the data of the government of the USA, the number of insolvency announcements has reached its highest point since the year 2005. The economy of the USA is slowing and the level of unemployment has reached a two-digit number.
The decision of reduced pension contributions to 2nd tier of the pension scheme is a short- term option. The reduced payments could be extended for two years, until 2012, inclusive.
According to Latvijas Avīze, the Prime Minister's nominee from the political association Par Labu Latviju (PLL) Ainars Slesers (Ainārs Šlesers) has announced that PLL will not express its favor to the nominee for the post of Prime Minister from the party Saskanas Centrs (SC) Janis Urbanovics (Jānis Urbanovičs).
The national airline A/S Air Baltic Corporation and the A/S Riga International Airport have signed a memorandum of agreement on the withdrawal of the proceedings and further cooperation, representatives of both parties informed the business portal Nozare.lv.
After analysing the ways of reducing the tax burden on low-income population and making Latvia's taxation policy more progressive, one of the possible solutions proposed was to reduce the rate of value added tax (VAT) by 10% on food, as mentioned in Riga School of Economics (RSE) and Baltic International Centre for Economic Policy Studies (BICEPS) research on the tax policy in Latvia.
According to the data of the Statistical Office of the European Commision Eurostat, consumption prices in Latvia in July, as compared with the exact month of the previous year, have dropped by 0.7%.
Parliamentary coalition fractions today in Saeima session again interfered with the decision to abolish the excise tax for natural gas. They artificially created the lack of quorum.
According to the data of Central Statistical Bureau, the volume of industrial production decreased by 0.1% in June 2010, as compared with May 2010, after seasonally adjusted data at constant prices. This includes electricity and gas supply - by 1.9%; however, there has been an increase of 0.2% in manufacturing and by 1.9% in mining and quarrying.