Latviski English По-русски
Tuesday 25.10.2016 | Name days: Beāte, Beatrise

Survey: residents prepared to spend up to EUR 1,500 on wedding

(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU34% of Latvian residents are prepared to spend EUR 500 – EUR 1,500 on their wedding if it were to take place in the near future, according to results of a recent survey by Citadele and The optimal number of guests, according to 44% of respondents is 10-30 people.

Every fifth respondent said they would spend no more than EUR 3,000 on wedding. 19% of respondents said they have no idea how much money they would spend on their wedding. 16% said they could organize a wedding for an amount no more than EUR 500. 6% of respondents said they would spend EUR 3,000 – EUR 6,000. 5% said they would spend more than EUR 6,000.

Survey results show that the smaller residents’ income is, the smaller amount of money they are prepared to allocate for their wedding. For example, 23% of residents with income up to EUR 300 per month would organize wedding for an amount that does not exceed EUR 500. At the same time, it is worth mentioning that 5% of respondents with income up to EUR 300 per month are prepared to allocate more than EUR 6,000 on wedding.

In regard to the number of guests, 44% of respondents believe the optimal number of wedding guests is 10-30 people. 29% of respondents believe it is reasonable to invite 30 to 50 people to a wedding. Both men and women have similar thoughts on this.

«The survey shows that residents are responsible and reasonable when it comes to wedding costs. They adequately allocate money to leisure without going over-budget. Wedding organization is one undertaking that often includes the use of loans. However, experience shows that loan amounts are considered very carefully by residents, so that the loan does not become a burden. Last year, the average consumer loan ranged between EUR 1,500 and EUR 2,000,» – as noted by head of Citadele Bank’s Private Finance Service Department Baiba Tetina.

In last year’s survey 15% of respondents noted that they would take a loan in order to afford a wedding. Respondents were mostly people aged 18 – 29 with high or medium-high income.

The survey was carried out on A total of 700 residents aged 18 to 74 participated in it.


Leave a reply

  1. linda says:

    that’s cheap! £14000 in UK.

    Thumb up 0 Thumb down 0

IMF on Estonia: Increase in wages could harm exporter competitiveness

Estonia should take care of rising imbalance of wake increase and lagging productivity to ensure Estonian exporters can be profitable in foreign markets, the International Monetary Fund evaluated.

Study: Gender gap in alcohol consumption smaller as young women drink more

By comparing the drinking habits of four million people born between 1891 and 2001, it has been found in a study that the generations living today have reduced the likelihood of men consuming more alcohol in unhealthy amounts than women.

Criminal process launched in relation to K.Barona Street repairs

Corruption Prevention and Combating Bureau has launched a criminal process in relation to possible forging on documents in the procurement process associated with the reconstruction of K.Barona Street in Riga.

Sirens to be tested across all of Latvia

On Tuesday, 25 October, the State Fire and Rescue Service will conduct a three-minute test of emergency sirens. The test is scheduled for 15:00. It will help determine the function of the system and identify any technical problems.

Belgium bocks CETA, but EU and Canada remain hopeful over signing

The European Union and Canada have stated they still hope to sign their bilateral free trade deal, after the Belgian federal government clarified that it cannot ensure the backing of three regional bodies for the agreement.

This week to be rich with precipitation and cold in Latvia

The anti-cyclone that dictated weather in Latvia over most of October is gradually moving east. It will be replaced by a small and active cyclone. With that, meteorologists expect often precipitation in Latvia this week.

Experts: Russian warships on their way to Baltic Sea

Movements of warships in the Mediterranean Sea and the North Sea, as well as internet comments show that two Russian nuclear-equipped corvettes are currently on their way to the Baltic Sea, even though official reports suggest the opposite, as concluded by experts of Atlantic Council think tank.

Police launches disciplinary cases in relation to supply of inappropriate vehicles

Multiple disciplinary cases have been launched in relation to the supply of vehicles non-compliant with requirements of State Police. In addition, Internal Security Office has been asked to assess the responsibility of officials responsible for the procurement.

Latvia begins ratifying Paris agreement on climate change mitigation

On Tuesday, 25 October, Latvian Cabinet of Ministers plans to review the legal draft ‘On United National Organization’s Framework Convention on Climate Change’ prepared by the Environmental Protection and Regional Development Ministry.

Belgian Wallonia rejects EU ultimatum over EU-Canada free trade deal

The Belgian region of Wallonia has on October 23 rejected an ultimatum from the EU to quit objecting to the EU-Canada free trade deal in 24 hours.

Estonia increases tax revenue by 6.8%

Estonia’s tax collector has in the first nine months of 2016 received 6,8% more revenue that in the same period in 2015.

Latvia’s population declined by 4,636 this year

In the first nine months of 2016, Latvia’s population decreased by 4,636 persons. This is because the number of deaths exceeded the number of births. In the corresponding period of 2015, population decline constituted 4,751 persons.

PUC: Latvijas Gāze remains obligated to provide third parties with access to gas infrastructure

Considering that the Administrative Regional Court has declined LG’s request for temporary solution, the company remains obligated to provide third parties with access to natural gas transmission infrastructure.

Estonia to combat large-scale imports of alcohol from Latvia

Estonia’s Tax and Customs Department plans to equip all border control checkpoints with surveillance cameras to record car registration numbers to thereby better combat large-scale imports of alcohol from Latvia.

Latvians the most satisfied with wages in Baltic States

Compared with other Baltic States, Latvia has the largest number of employed people who believe they receive adequate pay for their work. 39% of employed people in Latvia believe they are paid adequate wages, as well as 34% in Estonia and 19% in Lithuania.

Farmers-greens announce victory in Lithuanian Seimas election

The Union of Peasants and Greens claimed victory in the Lithuanian Seimas election after the second round of the vote was held on October 23.

Finance minister blocked SRS candidate Nikitins' approval to FCMC

Although the personnel selection process for the approval of the new head of the State Revenue Service has defined a possible candidate, specifically high-rank official of the Bank of Latvia Andris Nikitins, his chances to win are reduced by the decision made by Finance Minister Dana Reizniece-Ozola to pick the best candidate among the other candidates.

Week in Lithuania. Lithuania unveils new tourism brand

Lithuania will until 2020 use a new tourism brand to market itself to foreign tourists. The new brand, unveiled by the State Tourism Department on October 19, features the words «Lithuania. Real is beautiful» printed on a pastel mint postage stamp

Economic Diary of Latvia. The richer the people, the better the security

A very interesting matter was voiced in Latvia this week. The matter addresses the link between the overall level of welfare of the country’s residents and the country’s national security.

Four teachers in Latvia are paid wages that exceed EUR 2,000

In September 2016, the biggest teacher’s salary paid in Latvia with bonuses was EUR 2,260.27, as LETA was informed by Education and Science Ministry.

Producer price level down 1.6% in Latvia’s industry

Compared to August, the level of producer prices in Latvian industry increased by 0.3% in September 2016.

SRS Tax Debt Enforcement Office director Cerneckis steps down

On Friday, 21 October, director of Latvian State Revenue Service’s Tax Debt Enforcement Office Kaspars Cerneckis submitted his resignation.

Bookmakers predict Sadurskis’ remainder in his post for the rest of the year

Latvian Education Minister Karlis Sadurskis has been forced to distance himself from political opponents and teacher trade unions because of criticisms regarding reduced wages caused by the teachers’ pay reform. Nevertheless, political support will keep the minister in his post, bookmakers believe.

Lithuanian military discussing deployment of long-range missiles

A senior Lithuanian military officer has on October 20 stated that Lithuania is considering the deployment of long-range missiles in the country in the framework of hosting a multinational NATO battalion in 2017.

Ukraine in joint declaration with Lithuania, Poland condemns WWII aggressors

The Vekhovna Rada of Ukraine has this week adopted a joint declaration with Lithuania and Poland attaching responsibility for World War II to Germany, the USSR and the international community’s «appeasement policy».

Newest comments