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Wednesday 21.11.2018 | Name days: Andis, Zeltīte

Imposing personal income tax to deposits complies with Constitution

The Constitutional Court (CC) has declared that personal income tax law, providing revenue derived from deposits is taxed, complies with the Constitution, says CC Assistant to the President Līna Kovalevska.

Kogan: fuel price climb will boost all prices

Along with fuel price increase, everything will be more expensive, which is not good, of course. Price climb will hit everything - from bread to railway, says SIA LUKoil Baltija R Deputy Board Chairman Haim Kogan.

Milk to become more expensive

During the following months the price of milk products could repeatedly increase, despite the fact that this year their price has climbed at least by 20%.

WikiLeaks: US plans defending Baltics from Russia

The United States (US) and NATO have developed a plan of defending the Baltic States from Russia, show WikiLeaks published US diplomatic cables.

Study: few elementary school children in Latvia show good performance in reading, mathematics and sciences

There is a relatively small number of elementary school children with excellent achievements in reading, mathematics and sciences.

Saeima Budget Committee Head: midway was taken in budget formulation

Although the international lenders have criticised the previous and the present budget, the Prime Minister Valdis Dombrovskis has managed to ensure that when formulating the budget «the middle way was chosen without driving into any ditch,» the Head of Saeima Budget Committee Jānis Reirs told.

Baltic States and Poland interested in nuclear plant building

The Baltic States and Poland have expressed their interest in continuing to collaborate with regard to regional energy projects, said Prime Ministers of the states in a meeting in Warsaw.

SEB banka: Latvia’s economy exceeds forecasts

This year, in the third quarter, compared to the second quarter, the GDP has grown by 0.8%, as well as after nine quarters of decline has convincingly returned to an increase.

Export grows by 30.7% over year

Similarly as the third quarter GDP data, the external trade data also indicate unexpectedly positive performance. In September, Latvia’s export volumes reached new, unprecedented heights, reporting 460.7 million lats, which is by 30.7% more than in September last year.

Latio: minor apartment price fluctuations during last months

Although in November, the average price of serial apartments in Riga has slightly dropped, overall, last four months reported price fluctuations both in growth and reduction direction, though in terms of reduction they are minor; therefore, the average price level of serial apartments can be considered as flat.

Citadele resumes consumption crediting

Intending to give its clients possibilities to obtain loans for bigger-scale purchases or implementation of other goals, the bank Citadele has resumed consumption crediting.

Experts: government's planned revenue can be smaller than forecast

When planning the next year's budget, the government must take into consideration that revenue from certain measures might turn out to be smaller that forecast previosuly, report SEB bank experts.

Experts: unemployment to remain relatively high also next year

Third quarter this year reported 18% proportion of job seekers among all the economically active population, which is 1.4% less, compared to the previous quarter and 0.4% less than in the third quarter 2009.

Television show takes unexpected turn

The most popular German TV show Wetten, dass..? ended faster than expected this year on December 4 because one of the show participants seriously injured himself when performing a stunt.

Swedbank CEO: Estonia should continue the reforms

The Estonian government should continue the started reforms – the country needs proficient Exchange Institute, more rapid judicial system and better consumer rights protection, considers Swedbank CEO Michael Wolf.

Latvia to take part in worldwide anti-banking campaign

Latvia residents plan joining Germans proposal of December 7 - to withdraw all cash from banks, thus taking part in the anti-banking campaign.

Industrial production output grows by 1.2%

October this year reports industrial production output at constant prices - 384.9 million lats.

Disciplinary action launched against another CPCB Deputy-Director

Disciplinary action has been initiated at the Corruption Prevention and Combating Bureau on Friday, December 3, against the Deputy-Director Juta Strike.

RIGIBOR – smaller than EURIBOR

In late November, the three-month RIGIBOR fell to 0.82% mark; consequently, the three-month RIGIBOR rate is smaller than the three-month EURIBOR rate, which is uncharacteristic, because historically RIGIBOR has almost always been above EURIBOR rate.

LNT - the most watched channel in November

In November LNT was the most watched television channel in Latvia, as 15.5% of total television watching time was devoted to it, according to TNS Latvia data.

Government approves 2011 budget draft

In an emergency meeting the Cabinet of Ministers approved the next year’s state budget Bill and the medium-term macroeconomic development and fiscal policy framework for 2011/ 2013.

Expert: Estonians aspire money, not work

The unemployment rate in Estonia is that high not because there is a lack of job openings, but because the unemployed people ask disproportionately high salaries, says Estonian academician Endeli Lippmaa.

Flick: euro must be introduced as soon as possible

I advocate joining the eurozone as soon as possible, moreover there is no other alternative for Latvia, believes airBaltic President Bertolt Flick, as he is convinced the current euro crisis will propel introducing changes to the European financial system.

Wikileaks might have documents about Kalvitis government

There is a possibility WikiLeaks documents contain information on the time when Aigars Kalvitis was a Prime Minister and Vaira Vīķe Freiberga - the President.

Agriculture Minister: we cannot prohibit foreigners buying land in Latvia

The transitional period for restrictions on foreigners to buy land in Latvia ends in May, next year. The government has supported the extension period, and now «the Deputies have to decide on it,» indicates the Agriculture Minister Janis Duklavs.

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