In order to participate in the saving of Liepājas metalurgs, the government needs a full report of the company's financial state and the removal of the current Board, as LM shareholder Kirov Lipman stated in his letter to PM Valdis Dombrovskis, Finance Minister Andris Vilks, Economy Minister Daniels Pavluts and Chief of State Treasury Kaspars Aboltins.
Vilniaus taupomoji kasa may attempt to become the first credit union in Lithuania to transform into a fully-fledged bank. VTK today is the country's biggest and one of the oldest credit unions.
Estonian investigators have uncovered a massive Russian, Latvian and Estonian money laundering scheme, which managed to legalize at least 64 million EUR over the last several years.
Liepājas Metalurgs (LM) had performed a payment worth several million LVL to one of its creditors last week, as reported by the Chief of State Treasury (ST) Kaspars Abolins.
SEB Group has concluded Q1 of 2013 with profits of 1.6 million LVL in Latvia. This was mostly due to two factors – low interest rates and the necessity to form additional savings for specific clients.
On Wednesday, April 17 a toluene vapour-induced explosion occurred at Olainfarm's last year opened nitrofurantoin production department at 09:20 AM.
During the economic crisis, many countries relied heavily on indirect taxes, such as VAT and excise tax revenues. The average VAT rate across Europe has increased from 19.5% to 21% in the last four years' time. Nearly one-third of countries secure budget revenue through indirect taxes, and their influence grows.