There are multiple reasons for the drop in direct foreign investments in Latvia in recent years – foreign investors are scared off by the still existing problems like grey economy, corruption, risks of abuse of insolvency procedures and Latvia’s unpredictable tax environment. There are also flaws in construction regulations, says foreign investments expert Girts Greiskalns.
Authorities suspect that Estonian MiniCredit fast loan company was being used as a money laundering machine over the course of many years. Millions of euros went through it, as reported by De Facto programme of LTV.
BNN offers you a selection of cultural and sports events in Lithuania for the week during January 30- February 5
On Monday, 30 January, weather in Latvia will remain cloudy as a precipitation zone crosses the country. This will ensure wet snow and snow for the most part. Roads may ice over as well, as reported by the State Environmental, Geological and Meteorological Centre.
54% of women admit spending 5-7 hours on sleep. 14% say they do not sleep more than five hours every night. The majority of men also do not devote sufficient time to sleep. 30% spend 5-7 hours sleeping at night. 22% sleep no more than five hours every night, according to results of a survey by Benu pharmacy.
World junior championship in skeleton will be held for the first time at the Bobsleigh and luge track in Sigulda this Saturday. The castle of the Livonian Order in Sigulda will host the opening event of the European Gastronomy region with the Winter Tastes celebration. All people who enjoy fine meals, great music and good atmosphere are invited to come. People who enjoy active leisure are also invited to try out Sigulda’s skiing tracks, as reported by representative of Sigulda municipal council Ginta Ziverte.
On Wednesday, 25 January, Taiwan court tried three foreigners, including a Latvian citizen, for theft of TWD 81 million (EUR 2.4 million) using malware to access a large local ATM network.
«Discussing the industry’s existing problems and solutions, we have concluded that people are reluctant to spend time to submit monthly counter readings. People also seldom attend apartment owner meetings,» - say Rention real estate management platform and Latvian Chamber for Commerce and Industry.
«The new tax regime should contribute to Latvia’s progression to a modern, innovative economy,» – said Economy Minister Arvils Aseradens during his meeting with President Raimonds Vejonis on Thursday, 26 January.
Compared to December 2015, the level of construction costs in Latvia increased by 0.4 % in December 2016. Labour remuneration of workers grew by 3.5 %, maintenance and operational costs of machinery and equipment rose by 1.1 %, whereas prices of building materials decreased by 1.1 %.
Without specific, strategic objectives to help protect Latvia’s interests, Foreign Ministry avoids defining clear foreign policy priorities, limiting itself to declarative announcements, says associate to Saeima’s Foreign Affairs Committee Rihards Kols.
On Tuesday, 24 January, a campaign was launched on Manabalss.lv to collect signatures to ensure voters the opportunity to give negative votes to political parties during Saeima elections.
52% of Latvian residents use antibiotics whenever they get a cold. A quarter of them consume antibiotics on their own – using up the antibiotics left from the previous antibiotics treatment course, or getting antibiotics used in prior illness cases without prescription from a doctor, as concluded in a study performed by Silvanols and SKDS.
UniCredit Leasing and European Investment Fund have signed InnovFin guarantee agreement to improve funding options for small and medium businesses in Baltics.