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Saturday 16.12.2017 | Name days: Alvīne

Prime Minister: if Ministry spendings are not reduced, taxes will be increased

If ministries do not find any possibilities of reducing expenditures, we will have to increase taxes to ensure budget revenue growth. «One thing is clear, something has to be done,» informed the Prime Minister Valdis Dombrovskis.

Latvia loses forest management certificate

The FSC certificate, which attests forest management accordingly with the requirements of FSC (Forest Stewardship Council), has been terminated, since during this year’s audit deep fissures were found in the soil, the Communication Department Manager of Latvijas Meži ,Tomass Kotovics (Tomass Kotovičs), told in an interview for broadcast Labrīt Latvija.

Lithuanian government forecasts rapid inflation

Taking into consideration grocery and other goods price increase, Lithuania consumer prices are to increase this year, announced the Lithuanian Finance Minister, changing his previous deflation forecast.

Bank of Latvia foreign reserves increased by 4.78% in a month

As compared with the previous month, at the end of this August, the foreign reserves of the Bank of Latvia have increased by 4.78% in a month's time reaching 5.849 billion euros (4.11 billion lats). The most part is formed by foreign convertible currencies.

Estonian tax revenues surpass results of 2009

In eight months time, the Estonian tax revenues have reached 2.7 billion euro (1.9 billion lats) mark, and currently comprise about 68% of the planned national income.

Putin implies possible return to President post

Russian Prime Minister Vladimir Putin in his speech in Sochi indicated that he has not made up his mind yet whether to candidate in the Presidential Elections of 2012. Meanwhile he reminded that the President of USA Franklin Roosevelt was elected four times.

FCMC to collaborate with CRPC

The Financial and Capital Market Commission (FCMC), a public institution that monitors the financial sector, has entered into an agreement with the Consumer Rights Protection Centre (CRPC), in which it consented on cooperation and a more efficient approach to securing the interests of consumers and financial market participants.

Rīgas satiksme under great credit obligations

Rīgas satiksme total debt formed 118.74 million lats in 2009, which exceeds its current assets 5.8 times.

New electronic payment system for parking to be introduced

In order to avoid further damages to the capital’s parking machines and payments with counterfeited coins, the company Rīgas satiksme intends to make a transition to non-cash settlements.

Gas spot price lower by 30%

This summer's natural gas market spot price might be 30% lower than it is recorded in the contracts.

After stress test publication euro bank shares fall sharply

The SX7P shares value has dropped in the European banks. This was caused due to the doubts about the efficiency of state creditors' issue of loans, which occurred shortly after the Wall Street Journal published an article on stress test results and the bank's Basel III capital move uncertainty.

Expert: alongside with the inflation growth, Russia has to consider raising interest rates

Experts are of the opinion that, alongside with growing inflation,the Central Bank of Russia should reconsider the option of increasing the interest rates.

Estonia to cut subsidies for renewable energy

Estonian government wants to reduce subsidies for renewable energy producers, thus reducing costs for consumers, indicates Minister of Economic Affairs of Estonia Juhan Parts. The Ministry of Economics of Estonia plans to prepare amendments in the bill.

Connections – key factor in job search

The data obtained from DnB NORD Latvijas barometrs poll show that the inhabitants of Latvia believe that it is easier to get a job through acquaintances.

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