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Friday 23.08.2019 | Name days: Valgudis, Ralfs, Vitālijs
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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.

Benefits for food product purchase to be granted soon

Starting from December 20, Riga Social Service will start granting a single allowance for food product purchase to individuals who have declared their basic place of residence within Riga administrative territory, not less than twelve months before the application for the benefit.

LASCO alleged shareholders meeting took place in a van

Given that Latvian Shipping Company (LASCO) shareholders were not let in the alleged venue of the shareholders meeting in the recreation base Lejastiezumi, LASCO «alleged shareholders meeting» took place in the security company's van.

Millionaires to be brought to court in Lembergs’ lawsuit by force

Millionaires Jūlijs Krūmiņš and Jānis Blažēvičš, who have to testify in the so-called Lembergs’ lawsuit, will be brought to it by force, the Court Chairman Boriss Geimans informs about the judicial panel’s decision.

Investor: Latvia benefited from the crisis

Crisis has turned Latvia into an attractive destination for investment, believes London & Regional Properties Head Thomas Lindeborg.

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