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Tuesday 21.11.2017 | Name days: Andis, Zeltīte

Last year budget deficit - 7.7%, debt - 44.7% of GDP

In 2010 the general government budget deficit of Latvia hit 983.9 million lats or 7.7% of Gross Domestic Product (GDP), while the governmental debt amounted to 5 693.6 million lats or 44.7% of GDP.

Economy Minister declaration's defender herself forgets to list tractor

The political association Unity Ethics Commission member Liene Liepiņa, famous for her saying regarding the Economy Minister Artis Kampars case that not always the essence of the matter is as it looks like, herself has also forgotten to mention some things on her annual income declaration.

New taxes likely to be introduced

In 2012, young-growth forests, power lines, hydroelectric power stations and agricultural production facilities may be subject to the cadastral tax, according to the proposals of the task group set by the Prime Minister.

Personal code likely to change

To promote data protection, the first part of a personal code suggesting the birth date of a person might have to be abandoned in Latvia. However, such changes can cost millions of lats.

Swedbank branch robbed in Riga

Today, March 14, an armed robbery took place at Swedbank branch in Purvciems, Riga, the bank's press secretary Kristīne Jakubovska told the business news portal BNN.

Excise tax on cigarettes, gasoline and alcohol to climb in summer

Today, April 14, in the second and final reading, the Saeima adopted amendments to the law On the Excise Tax, providing increasing excise tax rate to cigarettes, strong spirits and gasoline.

EuroCop mulls proposing to exclude Latvia from Schengen Area

Due to the catastrophic situation in the Latvian police sector, the European Confederation of Police EuroCOP is considering to propose the Brussels to exclude Latvia from the Schengen Area.