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Sunday 17.11.2019 | Name days: Uga, Hugo, Uģis
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Vilks: budget deficit should be reduced to 5% of GDP

This year Latvia will continue to take steps to reduce the state budget deficit to 5% of the gross domestic product, the Finance Minister Andris Vilks indicated in Euromoney Central and Eastern Europe Conference in Vienna.

Estonian energy company acquires Latvian firm

Estonian energy company Eesti Energia has acquired 90% of SIA Valkas bioenerģijas kompānija shares, according to the Land Register data.

Special categories of passengers to travel for free in route taxis

Starting from January 1, next year, route taxis will not be able to avoid transporting certain categories of passengers for free; so they should be clearly specified to be compensated afterwards, AS Rīgas taksometru parks Chairman Leopolds Muižnieks says.

Latvian tax policy to lose the most

Latvia is the only one from the Baltics increasing tax burden on tourism in 2011, it is remaining flat in Estonia, while Lithuania has even reduced the tax rates, according to a sworn lawyers office BDO Zelmenis & Liberte study.

Most successful companies use Internet for marketing

Companies making use of the Internet for marketing purposes turn out to be more successful and more convinced about the future than those who do not, according to a study «Internet and IT Use among Small and Medium Enterprises».

Daugava denies ignoring loan payments

We have not ignored loan payments included in the agreement concluded with Swedbank, says SIA Daudznozaru kompānija Daugava Board Chairman Aigars Vaivars, denying the previously announced information about the company not meeting its liabilities.

Latvians carry out housing repair once in five years

Majority of Latvia’s residents renovate apartments at least once in every five years, because it is important that the dwelling is furnished beautifully and with taste in an interesting an original way, but at the same time serves for practical purposes as well.

Guarantors to pay instead of debtors

The crisis has not only reduced the real estate prices and boosted unemployment, but also prompted guarantors to the revelation that they have to pay for others’ debts.

Kristovskis: Live Riga lacks transparency

Riga promotion project Live Riga should have been carried out in a more transparent manner, however it has not left any negative impact, the Minister of Foreign Affairs Ģirts Valdis Kristovskis says.

55% of people with high income forecast housing price gains

The mood of Latvians regarding housing prices depends on their level of income - price gains are expected by 55% people with high income and 38% with low income.

airBaltic carries 3 million passengers in 2010

Overall, last year, the Latvian national airline airBaltic carried 3 206 735, which is by 16% more than in 2009.


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