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Tuesday 21.01.2020 | Name days: Agne, Agnese, Agnija
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Finance Minister: careful with taxes already nearing red line

Budget consolidation is inevitable and revision of the tax policy is one of the ways to carry it out. However, we must be very careful with taxes that are already nearing the red line, the Finance Minister of Latvia Andris Vilks says.

Binders leaves Estonia

The Latvian road construction company Binders is forced to leave the Estonian market and break the concluded contract in 2009 with the Estonian Road Department on Pärnu bypass construction.

Excise not boosting tax revenue

Despite new excise duty rates for alcohol have been climbing during the past three years, the excise tax revenue keeps dropping. Estimates show excise has climbed 40% in two years time. Thus tax revenue should have been growing.

Experts: Latvia has no ICT aims

Latvia has not defined clear aims in the information and communication technology (ICT) sector. The fierce competition and shrinking orders have added to businessmen having to make more effort to carry out projects and see whether their are capable of introducing them successfully.

CPCB collaborates with Germans in Daimler case

There are some unexpected aspects in the case on the alleged Riga City Council officials’ bribery that was carried out in order to achieve favourable outcome in the tender for the bus supply.

Agriculture Minister: not all Latvian exporters are able to fulfil agreements

Not all of the export companies in Latvia manage to meet the stipulated product supplies, the Agriculture Minister Jānis Dūklavs indicates at the Agricultural Organization Cooperation Council’s meeting.

EC warns Latvia about disregarding EU air quality requirements

Latvia has not managed to deal effectively with excessive PM10 – small airborne particle – emission, which in high concentrations can be hazardous. Therefore, Latvia has been ordered to improve the situation within two months, otherwise the European Commission will file the case to the European Union Court.

Finance Ministry: export and import to surge less in 2011

Export and import will grow at a slower pace this year, as full load of production capacity is about to hit its maximum and export growth rates will depend more on new investments in manufacturing industry, the Finance Ministry told the business news portal BNN.

Electricity tariff rise to reach 39% this year

After evaluating the tariff changes, the Latvian Association of Local Governments believes Latvenergo’s statement that the tariff increase will affect only half of the households and the average tariff will change by 21% starting from April 1, is not true.

Regulator approves Latvenergo new tariffs project

The Pyblic Utilities Commission has approved AS Latvenergo new energy tariffs project, envisaging a new procedure of calculating tariffs starting from April 1, according to Latvenergo board member Uldis Bariss.


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