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Tuesday 20.08.2019 | Name days: Bernhards, Boriss
LatviaLatvia

Taxi services to become pricier next year

Starting from February 1, next year, both distance and time tariffs will be used when calculating taxi fares.

Producer price level in manufacturing – down by 0.2%

In November 2010, the overall level of producer prices in the Latvian manufacturing industry has gone down by 0.2%, compared to October.

High-speed railway from Riga to Moscow – likely in eight year’s time

Until 2018, when Russia will host the World Cup Finals, a high-speed train line between Riga and Moscow could be created. The officials of both countries discussed such project during the President of Latvia Valdis Zatlers’ visit in Russia.

Latvijas Gāze agrees with Gazprom on 15% lower gas purchase price

AS Latvijas Gāze and the Russian company Gazprom have reached an agreement on the natural gas supply, due to which the gas procurement price will drop by 15%, indicates the press secretary of LG Vinsents Makaris.

Russia keeps hand on Baltics’ pulse

It is not excluded that the electricity prices for the Baltic States’ residents will be determined by the Russian power utility owners. For instance, already now the Russian power utility Inter RAO is rapidly and extensively constructing new plants at Lithuania’s border.

Contributions of 2% to be directed to 2nd Tier pension scheme

On Monday, December 20, Saeima adopted the Welfare Ministry drafted amendments to the law On the State Funded Pensions, which stipulate that starting from the next year and in 2012 contributions at the extent of 2% will be directed to the 2nd Tier pension scheme.

Residence permits attract foreign buyers

Since the amendments to the law On Immigration have been carried out, 66 foreigners have applied for a residence permit in Latvia on the basis of real estate purchase.

Inhabitants’ income growth after tax changes – insignificant

After the tax changes, inhabitants with higher incomes and without dependants will benefit the less, while the income of others will even slightly grow. However, not in all cases residents with lower incomes and dependants will benefit; moreover, the income increase will be rather insignificant.

New bureaucratic maze for passenger car drivers

Limited VAT pre-tax deduction by 20% for passenger car maintenance costs will be another bureaucratic maze created by the government, consider several entrepreneurs.

Daudze: international lenders’ requirements should be assessed

We should assess the requirements of international lenders and try to convince them that what we have achieved is at the limit of our country’s capacity, considers the Chairman of Saeima National Security Committee Gundars Daudze.

Rigas Piensaimnieks dairy investors get nothing for selling 80% shares

Last month the Estonian investors holding 80% shares in Rigas Piensaimnieks dairy sold them to US investment firm Darby Overseas Investments in turn receiving nothing as the company simply overtook the shares.

Russian businessman Kovtun obtains airBaltic shareholder BAS shares

The Russian entrepreneur Stanislav Kovtun has acquired the Latvian national airline airBaltic shareholder SIA Baltic Aviation Systems shares.