bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Monday 28.05.2018 | Name days: Vilhelms, Vilis
LatviaLatvia

Healthcare Minister Belevics’ son receives EUR 500,000 in dividends

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUEUR 500,000 – this is the amount of money Latvian Healthcare Minister Guntis Belevics’ son, Arturs Belevics, received in dividends from his company Baltacon last year. If the minister is to be believed, the impressive amount of money came as a result of his son’s «actual» ownership of ‘one of the 800 currently existing pharmacies in Latvia’, as reported by Pietiek portal.

«My son owns one Saules pharmacy in Riga and 50% of another Saules pharmacy. Basically it is one of 800 pharmacies in Latvia,» – said the Healthcare Minister, whose involvement in a conflict of interests in relation with his family business has been found by the Corruption Prevention and Combating Bureau, as reported by Dienas Bizness.

The truth is different from how Belevics paints it – what is owned by his son is not one and a half pharmacy, but actually a medicine wholesale business. Belevics Jr. owns 100% of it, as he owns 50% of another medicine wholesale business he shares with an unknown Austrian company.

The first company is Saules pharmacy, in which the now Healthcare Minister had been a board member until autumn 2014. The other company is Baltacon, which, according to Lursoft, is divided between Arturs Belevics and Belgium-registered United NRJ.

Recently Lursoft received Baltacon’s annual account for 2014. In it, Arturs Belevics confirmed with his own signature that the company is not ‘one of 800 pharmacies in Latvia’, as claimed by his father, but ‘two structures – medicine wholesale business on O.Vaciesa street 13 in Riga (licence Nr.L-54/1 from 17.12.09) and pharmacy on Duntes street 19a in Riga (licence Nr.Apn-817/3 no 14.05.10)’.

The annual report states that this ‘pharmacy’ had worked with an impressive turnover in 2014. This turnover was almost completely generated by wholesale trade: Baltacon’s turnover was EUR 19,339,228 in 2014. The company’s clean revenue was EUR 876,650.

The TOP 100 list of Latvia’s largest dividend recipients published by Kapitals magazine shows that Belecics had paid himself EUR 500,000 in dividends as co-owner of Baltacon last year. This puts him on the 31st place on the aforementioned list.

Neither company owned by Belevics family agreed to reveal their economic information in regard to trade of medicines. An outlook compiled by State Medicine Agency (which Healthcare Ministry has decided to reorganize) has a number of companies that refuse to reveal information about their turnover and other sensitive economic information. Among these secretive companies are also Saules pharmacy and Baltacon.

Ref: 102.109.109.7623


Leave a reply

Week in Lithuania. Seimas discusses state recognition to Lithuanian Neopagans

The Lithuanian parliament has started debates on a proposal to grant state recognition to Romuva, a religious community of the ancient Baltic faith. The proposal on Thursday, May 24, passed the first reading in the Seimas and will now go to parliamentary committees.

BNN summary of the week: Saeima’s «abstention specialists»; MPC payments; Latvia’s retirement pension system

BNN offers a summary of this week’s topical news in a variety of categories: Change; Opinion; Promise; Court; Fight; Proposal.

Minister: Latvia and Croatia have absolute understanding on EU multi-year budget matter

Latvia and Croatia have an absolute understanding when it comes to European Union’s multi-year budget, said Latvia’s Foreign Affairs Minister Edgars Rinkēvičs after his meeting with Croatian Foreign and European Affairs Minister Marija Pejčinović Burić.

Shocking tendency: narcotics consumption on a rise among youngsters

Crimes involving illegal turnover of psychotropic substances comprised 5.9% of all crimes registered in Latvia in 2017. There is also a worrying trend observed – use of narcotics is on a rise among youngsters, as reported by Latvia’s State Revenue Service during a press-conference on Friday, 25 May.

NATO member states propose exchanging information more actively

NATO member states should exchange information more quickly and more actively to remain ahead of Russia, said NATO intelligence head Arndt Freytag von Loringhoven.

Study: Riga residents remain dissatisfied with house management

Nearly every second Riga resident is dissatisfied with the quality of house management service quality, according to results of a recent study performed by Latvijas namsaimnieks on residents’ satisfaction with apartment building management in the capital.

Dutch and Australian governments believe Russia responsible for MH17 tragedy, say Netherlands

Over the crash of the Malaysian passenger airline in Ukraine that took the lives of 298 people, the Dutch government has stated on Friday, May 25, that it together with Australia holds Russia rosponsible for what they saw as its downing with a missile.

Finance Ministry: growth observed for general budget revenue in Q1

In the first four months of 2018, Latvia’s general budget revenue had exceeded expenditures, forming a surplus of EUR 239.9 million, which is EUR 69.2 million more when compared to the same period of last year. A surplus formed for the state consolidated budget (EUR 160.1 million) and municipal consolidated budget (EUR 79.9 million), as reported by Finance Ministry.

Irish voters at ballot boxes in abortion referendum

Ireland's abortion referendum is taking place on Friday, May 25, as the mostly Catholic nation is asked if they wish for a strict ban on abortion to be upheld. Canadian-British news agency Reuters reported on Friday, May 25, that according to opinion polls Irish voters are set to overturn one of the world’s strictest prohibitons on pregnancy terminations. Voters in the once conservatively Catholic nation will be asked if they wish to lift a prohibition that was written in the constitution by a popular vote in 1983, and eased in 2013 for cases, where the mother’s life is in danger. As to the protection of «traditional» family values Ireland, allowed divorce by a small majority only in 1995, but three years ago became the first country in the world to adopt gay marriage by a referendum.

Police in Kuldiga confiscate 3.3 million illegal cigarettes; shut down illegal alcohol production to boot

Kuldiga Country State Police have arrested one person on suspicion of illegal excise goods turnover and have confiscated more than 3.3 million illegal cigarettes, which is the largest volume police in Kuldiga have arrested so far. In addition, authorities have also shut down illegal vodka production, as confirmed by State Police.

Flats built in Tallinn, construction volume in Estonia up by 21%

Construction companies in Estonia have in the first three months of 2018 expanded their production by 21%, Estonian statisticians have estimated.

Latvian Healthcare Ministry promises to improve chronic patients’ care

To improve chronic patient care, Latvia’s Healthcare Ministry has developed a project of rules that will govern the order in which the state pays for medical treatment of chronic, cancer and cardio-vascular diseases in medical institutions.

Weekends in Latvia expected to be hot; air temperature may reach +28° C

This week’s Saturday and Sunday will be hot in Latvia. Aside from summer-like weather, this also means increased possibility of fires, as reported by Latvia’s State Environment, Geology and Meteorology Centre.

Sweden recognises sex without active agreeing rape

Sweden has passed a new law saying that sex without consent is rape, even when there are no threats or force involved, stating that passivity is not a sign of agreeing to sex.

EU member states begin enforcing General Data Protection Regulation

Starting with Friday, 15 May, all European Union member states start enforcing the General Data Protection Regulation, which provides stricter requirements for personal data processing.

Pyongyang after U.S. refusal still willing to enter negotiations

Pyongyang has stated that North Korea was still ready to engage in talks at any time in any form after U.S. President Donald Trump unexpectedly cancelled his meeting with the head of North Korea, Kim Jong-un.

Lithuania moves forward with tax and pension reform

The heavily amended bills on taxes and pensions will have a significant impact on the Lithuanian citizens’ lives if Seimas, the country’s legislature, approves for them in their current form.

Riga City Council decides not to discuss matter of anti-corruption measures in Rīgas satiksme

Failing to reach a consensus on whether or not the matter regarding anti-corruption measures in Rīgas satiksme should be viewed behind closed doors, Riga City Council’s Security, Public Order and Corruption Prevention Committee decided to postpone its review.

Latvian companies in Vietnam to be provided with stable tax payment regime

Latvian businesses working in Vietnam are to be provided with a stable tax-payment regime that will not be subject to amendments of Vietnam’s regulations.

Saeima conceptually supports law amendments to reduce PIT debt formation

On Thursday, 24 May, Latvia’s Saeima approved in the first reading amendments to the Personal Income Tax Law that were proposed to reduce the possibility of PIT debt after application of differentiated non-taxable minimum or progressive rate on income, explains Saeima press-service.

Minister: unemployment is no longer Latvia’s main challenge

Latvia’s main challenge is no longer unemployment, rather the lack of qualified work force, said Welfare Minister Jānis Reirs at the opening of «Employment in Latvia yesterday, today and tomorrow» conference.

MH17 investigators: plane downed by Russian military unit

Dutch prosecutors, who are investigating the tragic crash of the Malaysian passenger plane that fell down in eastern Ukraine in 2014 taking the lives of 298 people, have stated that it has been downed by a missile released by a unit of the Russian Armed Forces.

Latvian Saeima gives green light to improve anti-doping regulation

On Thursday, 24 May, Latvia’s Saeima supported amendments to the Sports Law that provide for improving anti-doping regulation in the country and improve the autonomy of the anti-doping organization through the establishment of Latvian Anti-Doping Bureau, as confirmed by Saeima’s press-service.

Lithuania to host summit of women political leaders

Lithuania and its President Dalia Grybauskaitė will host the 2018 summit of the forum of Women Political Leaders, which is to take place in Vilnius from June 6 to 8.

Green energy becomes more and more attractive for Latvian residents

As technologies continue developing, the use of green energy gradually becomes more and more attractive to Latvian residents. The majority of respondents note that they may start using biomass, solar batteries and even wind turbines in the next ten years, according to results of Baltic International Bank’s latest Latvian Barometer.

Newest comments