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Ceturtdiena 09.04.2020 | Name days: Valērija, Žubīte

Riga Mayor might be hiding fired employees compensations

The list of people fired at Riga municipality structures takes up 96 pages, containing almost four thousand names and surnames. Although Riga Mayor Nils Ušakovs (Usakovs) asserts the City Council has not paid any compensations to the fired employees, information published by other local governments make wonder if Riga Mayor is trying to hide the fact that compensations have been paid.

Saeima Speaker: government will have to take difficult and unpopular decisions

«This year the state budget adoption schedule is very tense and there is little information on the budget. However, it is clear that painful and unpopular decisions will have to be taken – either regarding taxes, or expenditure cuts,» told the Saeima Speaker Solvita Āboltiņa.

Estonian Finance Minister does not blame euro for price climb

The Estonian Minister of Finance Jürgen Ligi disagrees that the awaited accession to the eurozone, which is expected in less than two months, is to be blamed in the rising consumer prices in Estonia.

Centralization needs a «super» holding

State-owned enterprises management should be centralized into a single holding, thus obtaining 100 million lats additional revenue already in 2011 and attracting internationally recognized experts, concluded Baltic Institute of Corporate Governance (BICG).

Crisis does not affect peat processing

Data on the major Latvian peat processing companies has been compiled for the first time, according to reports submitted to the database SIA Lursoft - they have had a successful year.

Bank of Latvia issues one lat collector coin with incorporated amber

The Bank of Latvia has issued one lat collector coin – the «amber coin» – whose graphic design and plaster model was created by the artist Aigars Bikse.

Every fourth kilometer in Latvia - in extremely bad condition

Latvian infrastructure is in extremely bad condition, due to the lack of financing; approximately one third of gravel road surfaces had to be repaired already a long time ago, says Latvian Road Maintainer Board Chairman Vigo Legzdiņš.

EU urges Ireland to solve its financial problems

The European Union representatives have discussed bailing out Ireland, while Dublin objects accepting EU financial aid.

Government considers applying 22% VAT rate to electricity

When working on 2011 state budget the government is also considering the proposal of applying 22% value added tax rate to electricity, confirms the Deputy Chairman of Latvian Free Trade Unions' Association Egils Baldzens.

EU trade balance deficit – 11.7 billion euro

The European Union balance of trade has reached 11.7 billion euro deficit, compared to the September of 2009, when the budget deficit was 10.5 billion euro, indicate Eurostat data.

Bank of Latvia President – pleased with 2011 budget consolidation agreement

The Bank of Latvia President Ilmars Rimsevics is contented with the negotiation first round with the international lenders about the amount of 2011 budget consolidation.

China to form 24% of 2030 world output

China economy will surpass the United States by 2030, forming 24% of the world output.

The eurozone and EU budget deficit – 6.5% un 6.8% of GDP

Compared to 2008, in 2009 the government deficit and government debt has increased both in the eurozone and throughout the European Union, while the gross domestic product has decreased, suggest Eurostat data.

Lenders consider major budget cuts in social sector

The published recommendations by the World Bank and the International Monetary Fund on the budget expenditure cuts suggest that the lenders expect the main reduction to be carried out in the social sector.

Estonian Reform Party pledges to reduce income tax

Estonian Reform Party has announced they are to include a proposal of income tax reduction in their financial-economical program.

Construction output drops by 28.5%

In nine months of 2010, compared to January-September 2009, construction output at constant prices has decreased by 28.5%, including housing construction volumes - drop of 30.3% and construction engineering - by 27.1%.

Latvia external trade grows by 22.3% in 2010

Total external trade at current prices in January-September 2010 reached 7 422.4 million lats, which is 1 351.2 million lats or 22.3% more than in January-September 2009, according to Central Statistical Bureau of Latvia.

0.5% of social contributions might be directed to 2nd Tier pension scheme

Currently, the possibility of directing 0.5% from the social contributions to the 2nd Tier pension scheme next year is being considered rather than 1% as it was suggested previously, the Minister of Welfare Ilona Jurševska points out.

State Audit Office: unjustified use of half a million lats on social security net fulfillment

The State Audit Office (SAO) informs national and municipal authorities responsible for «Safety Net and Social Sector Reform Program» between the Republic of Latvia and the World Bank setting social security net measures fulfillment have spent 462 167.28 lats improperly.

Riga Vice-Mayor: Riga Port hits new cargo turnover record

During ten months of this year the Port of Riga has established a new cargo turnover record – 25 036 million tons, which is 0.3% more than in the corresponding period last year, indicates the Riga City Council Vice-Mayor Andris Ameriks.

Newspaper Diena might change hands

The newspaper Diena might change its owners again, which can be explained by both huge losses of the company and Latvian media space rearrangement after the Saeima elections.

CPCB Director: the conflicts are to attain my resignation

The ongoing disagreements in the Corruption Prevention and Combating Bureau more likely are repeated attempts to attain my removal from office, the Director of CPCB Normunds Vilnitis.

Riga Mayor: Dombroskis government will last until summer

The various groups in Unity (Vienotība), at the same tile lacking a control center, and the Greens and Farmers Union (Zaļo un Zemnieku Savienība, GFU) dominance show that the ruling coalition is not stable even in short-term, believes Riga City Mayor Nils Ušakovs (Usakovs).

Latvia might lose Ventspils oil pipeline

Latvia could lose not only the oil pipeline to Ventspils, but even the possibility to recover oil transit through the pipeline at all.

Expert: people still have some money

It was a surprise for us as well, but people still have some money. Considering the market, most of transactions take place in cash, Nordea banka Customer Service Director and Board Member Jana Strogonova answered to Dienas bizness question if people have money for down payment.

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