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Monday 19.03.2018 | Name days: Jāzeps

Sugar price climb expected

Both leading traders in Latvia - Rimi and Maxima - procurement managers have already received information from wholesalers on sugar price rise.

Decreasing number of registered commercial mortgages

In October this year, compared to September, the number of registered commercial mortgages has dropped by 15.07% and along with the fall of the previous month - the overall number of claims has decreased as well (-69.02%).

Expert: Latvia would benefit from TEC-2 stoppage

If it is still possible to stop Riga’s second thermoelectric central reconstruction, Latvia would benefit from this, considers the Finnish power plant production giant Wärtsilä Finland representative in Latvia Jussi Peltonen.

Latvenergo plans to double 2011 electricity sales in neighbour countries

Next year AS Latvenergo intends to considerably expand their activities both in Lithuania and Estonia, where the company plans to double this year’s sales volume, said the power utility's Sales Director Davis Skulte.

Three months Rigibor falls below Euribor

Borrowing costs in lats for three-months Rigibor fell below the one in euros for the first time in Latvia's history.

Major landowners in Riga – the same as in 2009

Last year, changes, though not so rapid and extensive as during the «fat years», have also taken place in the list of the owners of Capital’s largest and most valuable land– many familiar names and surnames have been replaced with new ones. However, the major owners of land in Riga have retained their positions.

Grindex goal for 2015 – to attain 300 million lats turnover each year

I want to ensure that the company Grindex turnover is 300 million lats a year, and this objective will most likely be attained by 2015, admitted the Head of the company Kirovs Lipmans, when revealing his major plans for the future.

Mid-December sets micro-enterprise tax rate applications deadline

Companies can apply for the micro-enterprise tax rate for the next taxation period by December 15 this year.

Vitol could claim 64 million lats compensation from Latvia

AS Ventspils nafta major shareholder Vitol Group has filed a letter to the Prime Minister Valdis Dombrovskis, where it is emphasized that Latvia and Swiss’ agreement on the investment protection has been violated and Vitol intends to request from Latvia a compensation at the extent of 130 million US dollars.

Traders: closed supermarkets on Sundays would discourage tax inflow

Proposals on closed supermarkets on Sundays, that way supporting local traders and small shops, have provoked many discussions. Some traders get up to a half of their turnover at weekends and they warn if the suggestion was implemented, the state would lose revenue derived from tax, as well as the number of the unemployed would grow.

Southern Bridge completion needs a loan

This week Riga City Council decided to ask the Ministry of Finance (MF) permission to obtain a bank's loan, in order to complete the Southern Bridge.

Euribor likely to exceed Rigibor

It might happen the historical point is near - several Euribor rates that have reported climb over the last year could exceed the corresponding Rigibor rates.

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