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Saturday 23.06.2018 | Name days: Līga

Heating cost 45% more in December

December heating costs in Riga will amount to 45% more than a year ago, the Riga City Council told the business news portal BNN.

Meat processors and traders caught dodging taxes

January came with the State Revenue Service (SRS) Financial Police Department (FPD) discovery of a scheme implemented by a meat processing company and meat product store chain owner. They avoided tax payment by reprogramming electronic cash registers and indicating a reduced value or quantity of goods in the consignment notes.

Economist: money supply in economy rises 3.5%

Last December, the volume of money in circulation continued to rise, reaching the highest monthly growth rate since December 2009, the economist at the Bank of Latvia Vilnis Purviņš informs.

Millions spent on emergencies

Last year, 2.5 million lats was spent from the budget program on unforeseen events – in particular on flooding and fire. The remaining funds, which comprise more than 70 million lats, were directed to politically significant, yet barely priority measures.

State Chancellery’s function audit purely theoretical

Upon assessing the function audit carried out by the State Chancellery on the administrative burden reduction and procedure simplification in the education system and business, the Saeima members concluded the results are purely theoretical and no practical solutions are provided, the business news portal BNN was informed by the Saeima.

Latvian economy to grow 3% this year

This year the Latvian economy will spike about 3%, while export, having surged 29% in 11 months last year, will still be the key economic driving force, the senior economist at AS Nordea banka Andris Strazds indicates in a press video conference.

Vilks: budget deficit should be reduced to 5% of GDP

This year Latvia will continue to take steps to reduce the state budget deficit to 5% of the gross domestic product, the Finance Minister Andris Vilks indicated in Euromoney Central and Eastern Europe Conference in Vienna.

Special categories of passengers to travel for free in route taxis

Starting from January 1, next year, route taxis will not be able to avoid transporting certain categories of passengers for free; so they should be clearly specified to be compensated afterwards, AS Rīgas taksometru parks Chairman Leopolds Muižnieks says.

Latvian tax policy to lose the most

Latvia is the only one from the Baltics increasing tax burden on tourism in 2011, it is remaining flat in Estonia, while Lithuania has even reduced the tax rates, according to a sworn lawyers office BDO Zelmenis & Liberte study.

Latvians carry out housing repair once in five years

Majority of Latvia’s residents renovate apartments at least once in every five years, because it is important that the dwelling is furnished beautifully and with taste in an interesting an original way, but at the same time serves for practical purposes as well.

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