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Wednesday 21.11.2018 | Name days: Andis, Zeltīte

Parex Bank minority shareholders ask government to protect their interests

Seven AS Parex Bank minority shareholders have submitted requests to the Prime Minister, several ministers and the Privatisation Agency, asking the Latvian government to protect the bank's minority shareholders interests.

Clients line up for Enefit

Due to the increased tariffs a growing number of consumers in Latvia want to buy electricity from Estonia.

Murniece: interior minister has to be politician, not expert

The Interior Minister’s post is a political position; therefore, the minister must be a politician, not an expert, the Interior Minister Linda Mūrniece points out. Her resignation will come into effect on June 6, this year.

Only 13% of Latvians forecast housing price drops

Currently, 71% of the Latvian population forecast real estate prices will remain flat or surge during the year. The proportion of people predicting property price falls has dropped by 3%, forming 13%.

Excise tax rise on alcohol and cigarettes suggested for budget consolidation

One of the proposals for the consolidation of the remaining 11 million lats, which was presented at the Coalition Council’s meeting, stipulates the excise tax increase on strong alcohol and cigarettes, points out the Finance Minister Andris Vilks. At the same time, he adds that the excise duty on diesel will not be raised.

Students prefer state universities

There are many higher education establishments in Latvia, each future student can choose among 19 public universities and 15 private ones. Twice as many students choose the first option.

Industrial producer prices surge 1.3%

In January 2011, industrial producer prices surged 1.3% in Latvia, compared to December 2010. Price gains were observed in both the domestic market (1.6%) and exports (0.9%).

Rīgas satiksme Board Chairman Bemhens dismissed

In relation to the unduly paid compensations, SIA Rīgas satiksme, shareholders’ meeting has decided to temporarily dismiss the company’s Board Chairman Leons Bemhens, Riga City Council’s Chairman Nils Ušakovs revealed at the press conference on Monday, February 21.

Citadele sale currently not profitable for Latvia

Provisional indicators suggest that currently the state would not benefit from selling Citadele Bank. Citadele’s inconclusive revenues and huge provisions for bad loans at Parex Bank do not allow anticipating that the fast scenario of both the banks sale would come true.

Politologist: Greens and Farmers’ Union holds the true power

Currently, there is somewhat chaos in the government, because the true power is not in the hands of the Prime Minister Valdis Dombrovskis, it is rather held by the Greens and Farmers' Union. Unity cannot maintain as the ruling coalition without the GFU, so it is submitting to its dictated rules, considers the politologist Ilga Kreituse.

Tax rise boosts shadow economy

Tax rise will not help combat the shadow economy, because it is exactly taxes that boost it, both local businessmen and foreign investors say.

Spiking food prices hit Latvia

In early 2011 dairy Valmieras piens announced it was raising the price of its production. Just recently five more dairies informed they need to increase 48 dairy products prices. Two of them plan boosting prices by 5-6%, two - by 5-10% and one - by 14%.

Vaskevics to remain behind prison bars

The suspended and dismissed former Finance Ministry Tax and Customs Administration Policy Department Deputy Director Vladimirs Vaškevičs will remain for the time being in custody, his lawyer Aloizs Vaznis informed journalists.

Court orders Baltkom to pay Lattelecom 77 000 lats

Administrative Court has dismissed Baltkom 's complaint against the Public Utilities Commission's decision providing that Lattelecom tariffs of number portability approach costs, thus Baltkom is ordered to pay the company Lattelecom 77 000 lats.

48% of Latvians spend more than 100 lats on utility bills monthly

Although every fifth resident of Latvia delays consumer service payments by a month or even longer, 80% of the inhabitants regularly pay their bills, observing deadlines.

Study: businessmen neither trust government, nor fear avoiding taxes

Previous studies in various countries have revealed that there are two main reasons for tax evasion - risks to be caught and attitude towards the specific country, according to Stockholm School of Economics in Riga observations.

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