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Tuesday 26.09.2017 | Name days: Kurts, Knuts, Gundars

Swedbank: society lacks understanding about differentiated non-taxable allowance

«Residents who earned wages up to EUR 1,000 before taxes in 2016 will be able to recover part of non-taxable allowance by submitting income declaration,» explains expert of Swedbank Institute for Finances Evija Kropa.

Latvian government concludes work on amendments to Law on Register of Enterprises

Registration of enterprises in Latvia will no longer be tied to a specific geographical location. It will be allowed to be performed in any regional office. This is provided by amendments to the Law on Register of Enterprises prepared by Latvian Saeima’s Legal Affairs Committee for the third and final reading on Tuesday, 28 February.

Latvia's GDP grew by 2.0% in 2016; by 2.6% in the fourth quarter

In 2016, Latvia’s GDP had increased by 2.0 %. GDP at current prices amounted to EUR 25 billion, whereas at constant prices – to EUR 21.8 billion.

Construction costs in Latvia increased by 0.3% in January

Compared to December 2016, in January 2017 the level of construction costs in Latvia increased by 0.3 %. Prices of building materials rose by 0.9 %, whereas labour remuneration of workers decreased by 0.4 % and maintenance and operational costs of machinery and equipment dropped by 0.2 %.

Minister: healthcare system will require additional 150 million euros next year

Next year, Latvia’s healthcare system should receive at least EUR 150 million to accommodate changes brought by reforms, said Healthcare Minister Anda Caksa in an interview to LNT on 28 February.

Estonian off-shore wind farm project approved; others follow

Estonian renewable energy firm 4Energia has been permitted to build a 700 MW to 1,000 MW off-shore wind farm northwest of the island of Hiiumaa in the Baltic Sea.

SEA: unemployment level in Latvia continues to decline

The most serious deficit of workers in Latvia is noted in sectors like IT, processing industry and transports, said Evita Simsone, Director of the State Employment Agency, in an interview to Latvijas Radio.

Estonia seeks to limit chances of officials to conceal business interests

Estonian Minster of Justice Urmas Reinsalu is pushing for new rules that would prevent present and former public servants and politicians from having hidden business interests. «I instructed the ministry to work out certain rules concerning the prevention of the acquisition of concealed holdings or concealed options by those who have left positions of public power or are exercising power,» Reinsalu stated on Monday.

Firm pledges to take tourists around Moon

U.S. cosmic transport firm SpaceX has announced that two private individuals have paid to the firm for a space journey around the Moon.

Experts in Lithuania find highly pathogenic avian influenza in six dead swans

Lithuanian Food and Veterinary Service reports that laboratory tests uncovered the presence of a highly pathogenic avian influenza in samples taken from six swans that were found dead in Kaunas near Nemuna River.

Trump envisages 10% increase in U.S. defence spending

U.S. President Donald Trump has announced a plan to include in the country’s budget for 2018 a military spending increase by 10% or USD 54 billion. Outlining U.S. federal budget priorities for the year 2018, Trump said on Monday, February 27: «It will include an historic increase in defence spending to rebuild the depleted military of the United States of America at a time we most need it».

Latvijas aptieka to gather previously bought pharmacies under its brand

Pharmaceutical company Olainfarm plans to add previously bought pharmacies to its owned Latvijas aptieka brand, according to information from Firmas.lv.

Healthcare Ministry hopes to attract doctors to work outside Riga using additional pay

Using single-time and monthly payments, Latvian Healthcare Ministry hopes to attract doctors to work outside of Riga.

Nekā personīga: FM promises cheaper life for Latvia; Lembergs objects

Finance Ministry promises cheaper life for Latvian residents. However, reduction of PIT would impact municipalities the most. Because of that, a situation has formed when Aivars Lembergs, the infamous Mayor of Ventspils accused of serious crimes, and Finance Minister Dana Reizniece-Ozola have come head to head.

Estonian company total profits down 10%, total sales – up 2%

The total profits of Estonian firms in 2016 have continued to decrease for the second year in a row and were 2.7 billion euros last year, which is a 10% fall, if compared to 2015.

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