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Sunday 18.03.2018 | Name days: Ilona, Adelīna

Baltkom and Izzi merger must comply with several conditions

Baltkom and Izzi will be allowed to merge, if they comply with several conditions. They will have to supply services of a specific quality and not to employ predatory pricing policy, the business portal BNN was informed by the Competition Council (CC).

EC: Lithuania should implement the Third Energy Directive despite Russia’s protests

Lithuania cannot utilize the exemption of the European Union Energy Directive; therefore, the country needs to separate the gas supply from gas transmission by using the gas pipeline, the European Commission indicates in a letter to the Lithuanian Prime Minister’s Office.

Company from Kuldiga obtains 5.25 million euro loan

A company from Kuldiga region in Latvia SIA Kuldīgas siltumtīkli has obtained a 5.25 million loan from SEB bank for building biomass cogeneration plant, the business news portal BNN was informed by SEB Bank.

VAT rise to result in more expensive apartment bills

The government's intention to raise VAT (value added tax) standard rate from the current 21 to 22%, as well as to increase the reduced VAT rate to 12% and raise it for electricity from 10 to 12% will make apartment bills more expensive.

Frost arrival boosts 50% firewood price climb

At the moment, with the arrival of sharp frost, consumer prices of firewood and chippings have increased by 40-50%, compared to late October, points out Didzis Palejs, a Board Member at the Latvian biofuel producers association Latbionrg.

Neste to import second generation biodiesel

Soon enough Latvian first generation biodiesel producers might have to seek for other markets, as the second generation biofuel is already nearly on its way to Latvia.

More and more Estonians support the euro introduction

54% of the Estonian population support the transition to the euro, shows the euro surveillance survey, which was ordered by the Estonian Finance Ministry and State Chancellery.

airBaltic to double rentable BalticBike bicycles number next year

The active season of the self-service, rent-out bicycles BalticBike has ended, and airBaltic already plans to double the number of bicycle rental stations next year, to make BalticBike as a uniform transport network, the company announces.

Lithuania’s population assesses Parliament and government’s work negatively

Inhabitants in Lithuania’s major cities assess the Lithuanian Parliament and government’s work negatively – giving 2 out of 10 points.

Ireland’s rescue package - 85 billion euro

The European countries’ leaders have agreed on the volume of Ireland’s rescue package – it will be 85 billion euro.

Drop in 500 major EU companies turnover and profit

Five hundred major European companies turnover indicators show more than 16% drop, while profit has fallen by 27% or almost 7 billion euro, according to credit insurance Coface survey Central Europe Economies Top 500.

Average monthly gross salary grows by three lats

In the third quarter of 2010, the average monthly gross salary in Latvia was 447 lats, which is 3 lats or 0.8% more than in the second quarter.

Tax for powerful cars – lower than forecast

The Cabinet of Ministers Committee has approved the law on Vehicle Tax, which starting from the next year will stipulate the amount of the annual vehicle tax, yet the tax increase for high-powered cars will be lower than it was suggested before.

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