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Monday 22.01.2018 | Name days: Austris

Latvia sells CO2 emission quotas for 200 million euro

European Court of Justice can decide on Latvia receiving additional carbon dioxide (CO2) emission quotas worth 100 million euro. However, this means Latvia would have to revoke 14 million quotas trade on an inter-governmental level.

GE Money loss in 2010 – 19 522 lats

AS GE Money Bank concluded 2010 with losses of 19 522 lats, while the company’s operational loss before tax amounted to 10 404 lats, according to the bank’s 2010 annual financial report.

Businesswoman: private investors don't do charity

Private investors are always investing in ideas they can make profit from, they don't do charity, Aiva Viksna, businesswoman and union Leader Board Chairwoman, told in an interview to the business news portal BNN.

Insolvency Law amendments not intended

Although a number of required corrections have been found in the Insolvency Law’s new wording, which came into force on November 1, 2010, neither the Justice Ministry, nor the Insolvency Administration have drafted the particular law amendments.

Benefit restrictions in force until late 2014

The government has agreed on retaining the restriction on sickness, maternity, paternity, parental and unemployment benefits until December 31, 2014, stipulated by the government’s approved amendments on March 29.

Rietumu Banka profit last year – 3.2 million lats

In 2010, Rietumu Banka's net profit was 3.2 million lats, while Rietumu Group’s profit – 6.8 million. lats.

Government approves excise tax rise to cigarettes, gasoline and alcohol

Today, March 29, the government of Latvia approved increasing excise tax rate to cigarettes, strong spirits and gasoline. The increased excise will come into force starting from July 1, 2011.

Deposit yield four times lower in year and a half time

Within year and a half, deposit yield at the Latvian banks has overall dropped 3.5 to four times, but in the last six months – almost two times. While the interest rates of 12-month deposits in lats currently form only 3.5%, after accounting for 5.5% to 6% last November.

Estonian start-ups aim at USA

Several Estonian start-up businesses hope to repeat the success story of the famous technologies company Skype by trying to attract American investors interest.

Russian oil companies forbidden to cut yield

A new bill on oil in Russia practically prohibits oil companies to reduce yields as long as there is demand for the resource.

Baltic record prices of milk and sugar – in Latvia

Comparison of food prices in Riga, Vilnius and Tallinn supermarkets shows food is about 38% more expensive in the capital city of Latvia than in its neighbouring states.

Municipalities to employ millions worth unnamed specialists

In late 2010 more than a million lats was paid to Latvian municipalities in advance to promote their administrative capacity.

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