bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Monday 26.02.2018 | Name days: Mētra, Evelīna, Aurēlija
LatviaLatvia

Residence permit recipient in Latvia – married and educated

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

As of 2010, when the amendments in the Law “On Emigration” were approved, according to the recent figures of the Office of Citizenship and Migration of the Republic of Latvia, the total amount of foreign investments into the Latvian economy comprises 347 million LVL.

The total amount of investors – near 1 700, not including their family members, according to the latest data from the Office of Citizenship and Migration.

“The total amount of foreign investments into Latvian real estate comprises 38 million EUR. According to our figures, around 1.5 million EUR has been additionally invested into the sector of real estate by this day. Many investment projects are at the stage of consideration or analysis, and their sum might comprise up to 10 million EUR this year only. The biggest interest is triggered by the objects of 143-200 thousand euros. 68% of deals have been made in this segment. In the range of 200-350 thousand EUR – 20% of deals, higher than 350 thousand EUR – around 12% of deals”, – says Vestards Rozenbergs.

Mikhail Parinov, Chairman of the Board of JSC “Padva un Partneri Baltija” said: “Our data is confirmed by the figures of the government institutions: the biggest part of investors – citizens of Russia – approximately 75%. They are followed by the citizens of Ukraine and Kazakhstan. Other world powers, on the other hand, are not actively presented. This can be explained by the fact of wide distribution of the Russian language in the territory of Latvia. Major part of Russians, in turn, is represented by the residents of Moscow and Saint-Petersburg. The “furthest” Eastern investor lives in Southern Ural region. Apparently, the residents of the other part of Siberia and Far East plan their lives orienting towards China and countries of South-eastern Asia”.

According to him, 15 % of investors are in the age of up to 30. Comparatively large specific weight of this group can be explained by the factor of “grown-up kids”, namely the biggest part (3/4) is constituted by the children of legal age, who have invested together with their parents or at their expense; age group from 30 to 45 years comprises 52% of the total number of investors; from 45 to 60 years – 27%; older than 60 years – approximately 6%.

An average family of an investor consists of a married couple with two children. Each investor has at least one higher education. It is an interesting fact, that 60% have an education in humanities and only 40% -technical education. Approximately 60% of investors are salaried employees, while 40% are entrepreneurs, who run their own business.

Areas of activity of the investors, who have acquired the residence permit in Latvia in return for investments:

23% – service sector (transport, education, health protection, creative professions, etc.)

18% – financial sector (banks, investment and insurance enterprises)

18% – trade (wholesale and retail)

14% – civil engineering of real estate

10% – production

10% – housewives

7% – lawyers and consultants.

Ref: 102.109.109.4717


Leave a reply

  1. JPR says:

    Russian mafia…

    Thumb up 0 Thumb down 0

  2. Miroslav says:

    You can get a resident permit valid for 5 years in Slovenia for 1500 euros.This is valid in the entire Shengen area .So why pay much more in Latvia to feed up the corrupt politicals.

    Thumb up 0 Thumb down 0

Week in Lithuania. Lithuania not affected by problems at Latvia's ABLV Bank

Financial problems faced by ABLV, one of Latvia's biggest commercial banks, will have no impact on the Lithuanian financial system, officials from the central Bank of Lithuania and the Lithuanian Banks' Association (LBA) said this week. According to Vytautas Valvonis, director of the central bank's Supervision Service, the Lithuanian financial system has become very independent in recent years.

BNN summary of the week: bank drama and complaints about government’s work

BNN offers a summary of this week’s topical news in a variety of categories: Announcement; Proposal; Threats; Concerns; Decline; Future.

Baltic States ask European Commission to maintain EU Cohesion Fund financially strong

Baltic finance minister ask the European Commission to keep the European Union’s Cohesion Policy financially strong and aim it towards results, BNN was told by Finance Ministry.

Police commence investigation on possible money laundering schemes at ABLV Bank

Latvia’s State Police has commenced an investigation about the possible money laundering operations at ABLV Bank, which were reported by Financial Crimes Enforcement Network (FinCEN) US Department of Treasury.

S&P Global affirms Latvia’s credit rating at «A-»

On Thursday, 22 February, S&P Global reaffirmed Latvia’s credit rating on the «A-» level, retaining a positive outlook for the future, as BNN was informed by the State Treasury.

Kristovskis: state officials should be equally strict to Lembergs and Rimšēvičs

«Lack of consistency – such a conclusion appears after looking at the behaviour of state officials in regards to their request for Ilmārs Rimšēvičs’ to step down as governor of the Bank of Latvia,» says Ventspils City Council member Ģirts Valdis Kristovskis.

LSRTC: Zaķusala TV Tower’s reconstruction will cost several dozen million euros

According to chairman of Latvia’s State Radio and Television Centre (LSRTC) Jānis Bokta, reconstruction of Zaķusala TV Tower will cost several dozen million euros.

Trade union worried teachers may not have time to prepare for new education content

Teachers may not have enough time to prepare to work with new education content, said manager of Latvian Education and Science Workers' Union Inga Vanaga in an interview to Rīta Panorāma programme of LTV.

Judins, Loskutovs, Čigāne and Dālderis to continue working in Unity’s faction

Saeima members Andrejs Judins, Aleksejs Loskutovs, Lolita Čigāne and Ints Dālderis will continue working in Unity’s faction and coalition.

Saeima supports member’s proposal to publish wages of Bank of Latvia employees

Latvia’s parliament has decided to support Ints Dālderis’ proposal to publish wages paid to employees of the Bank of Latvia, education institutions, as well as municipal capital associations.

More snow expected on weekends; air temperature to drop even more next week

On the night to Friday, 23 February, air temperature in most of Latvia declined to -21° C… -27° C. It was only warmer in Kurzeme and some parts of Vidzeme, as reported by Latvia’s State Environment, Geology and Meteorology Centre.

SEB Bank: more employment options will open up and workers will become more selective

«It is becoming easier to change jobs nowadays. The largest selection of employment options are found in regional centres and cities, especially Riga and Pieriga. We see fewer employment options in regions even though there is still considerable demand for workers there,» predicts SEB Bank’s macroeconomics expert Dainis Gašpuitis.

ABLV Bank’s manager claims the bank is ready for cancellation of payment restrictions

ABLV Bank is ready for cancellation of payment restrictions, said the bank’s chairman Ernests Bernis during a press-conference on Thursday, 22 February.

62.9% of Latvia’s population was employed in 2017

Compared to the year before, in 2017 employment rate grew by 1.3 percentage points and number of employed persons by 1.5 thousand. Employment rate among men grew faster than among women – by 1.6 percentage points and 1.0 percentage points, respectively. 894.8 thousand people or 62.9 % of Latvia population aged 15–74 were employed in 2017.

Lithuania and Latvia: the tale between two sisters marked with rivalry

Relations between Lithuania and Latvia, two tight-knit Baltic neighbours, may exemplify a sisterly relationship from the first sight, but just over the course of a single week, several pings rang, signalling that rivalry is, and has always been, a component of coexistence.

Lembergs unable to organize his private life because of intense court proceedings

Lembergs unable to organize his private life because of intense court proceedings

Unemployment level in Latvia decreased to 8.7% in 2017

85.4 thousand people aged 15–74 in Latvia were unemployed in 2017. Compared to 2016, the number of unemployed persons has dropped by 9.9 thousand or 10.4 %.

Council member: ECB is openly dissatisfied with restrictions imposed on Rimšēvičs

The European Central Bank (ECB) is openly dissatisfied with restrictions imposed on one of its council members – governor of the Bank of Latvia Ilmārs Rimšēvičs, said council member of the Bank of Latvia Edvards Kušners in an interview to 900 seconds programme of LNT.

Defence expenditures in Latvia planned at EUR 234 million in 2018

Latvian government plans to spend EUR 234 million on defence projects, including procurement of transports, ammunition, armaments and individual equipment, in 2018 as confirmed by Defence Ministry.

Ministry cancels mandatory procurement component permits for five CHP plants

Latvia’s Economy Ministry has made a decision to cancel the permit to sell electricity within mandatory procurement component for five other renewable energy co-generation plants plants: SIA Madonas Eko, SIA Eiro-Āzijas investment agency, SIA EVOKEM, SIA M Parks, and SIA Eco Latvis.

NSC proposes Maizītis for a second term as Chief of Constitution Protection Bureau

Members of Latvia’s National Security Council have decided to propose the current head of the Constitution Protection Bureau Jānis Maizītis for another term at the helm of this institution, as BNN was informed by the State President’s Chancellery.

Latvijas gāze’s subsidiary Gaso proposes reducing gas transmission price

Latvijas gāze’s subsidiary Gase has turned to Public Utilities Commission with a proposal for a new natural gas transmission system service’s tariff project, providing for a reducing gas transmission price by 18-46% for more than 95% gas consumers.

FCMC invites Bank of Latvia to provide ABLV Bank with yet another emergency loan

The Finance and Capital Market Commission (FCMC) has invited the Bank of Latvia to issue ABLV Bank another emergency loan.

Crime rate in 2017 was the lowest in Latvia’s history

Last year’s crime rate turned out the lowest in Latvia’s history, as reported by Prosecutor General Ēriks Kalnmeiers in his annual report.

LEC: government priorities should include searching for causes and solutions, not the guilty

Latvian Employers’ Confederation (LEC) is worried about ongoing events and their negative effect on the stability and future development of the country’s economy. LEC believes that stabilization of the financial situation requires careful coordination of actions between institutions and the government.