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Sunday 22.10.2017 | Name days: Irīda, Īrisa

Kampars: innovation and competitiveness affects the economic development

The sustainable economic development of the Baltics will depend on the ability to promote the innovative potential and competitiveness, both in the domestic and global market, indicates the Minister for Economics Artis Kampars.

Banks warn about payment card scams

This week, banks have warned several traders that in the Latgale and Zemgale region a gang of fraudsters have appeared that settles payments for the acquisition of goods or services with counterfeit cards.

Dombrovskis: government will not open list of non-privatizable companies

The current government does not plan to open the list of non-privatizable companies, tells the Prime Minister of Latvia Valdis Dombrovskis.

SRS calculates 88.5 million lats in taxes and fines

In the first eight months of this year the State Revenue Service (SRS) Tax Control Department has conducted 1088 tax audits, ordering to pay 88.5 million lats.

Five-year bonds sold for 12 million lats at state securities auction

All five-year bonds offered at state securities auction were bought amounting to 12 million lats in total.

Price of goods in Latvia - exceeds actual cost 10-15 times

Latvian residents buy clothes, bed linen and footwear at prices that exceeds the actual cost of a finished products ten to fifteen times.

Experts: companies resume struggle for professionals

Despite the fact that Latvia is one of the few countries where this year wage reduction continued, experts have concluded that companies have already started to fight for recruitment and retention of professionals.

Bad service in Latvian Banks

Cash-in-hand realized through brokers' commissions

It is possible that in the past and currently through the part of insurance brokers who act as intermediaries between buyers of insurance services and insurance companies, brokers might have realized cash-in-hand. Such schemes, where a broker receives a premium from the insurer, who has won the tender.

All three applicants to participate in train procurement tender next round

The three applicants that entered for Pasažieru vilciens train procurement tender, including AS Riga Railcar Factory (RVR) in collaboration with Bombardier Transport France S.A.S, will advance to the next round, the Chairman of Pasažieru vilciens Board Andulis Zidkovs (Andulis Židkovs) announced today, September 13th, in the press conference.

Economist: budget development is a major risk for future economic growth

The development of the next year's budget is a great risk to further economic growth, considers Swedbank chief economist Dainis Stikuts.

Kampars: we will get lower gas price sooner or later

The reduction of gas price will definitely be arranged with the Russian company Gazprom , sooner or later, but it must be accomplished, believes the Minister for Economics Atis Kampars.

Electricity supplier change - not beneficial for Latvia

Latvia, unlike it is stated in EU directive, has the longest period among the Baltic States to prepare for the change of electricity supplier.