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Monday 17.12.2018 | Name days: Teiksma, Hilda

Prime Minister concedes 10% pensions cuts

For the sake of budget stabilization, the Prime Minister Valdis Dombrovskis is considering the possibility of reducing pensions by 10%, the Prime Minister admitted.

Lattelecom not affected by crisis

Despite the crisis, in 2010 the telecommunications company Lattelecom managed to maintain the turnover at the level of 2009. Namely, the company concluded last year with a turnover of 139 million lats, which is approximately the same as a year before, the Chairman of Lattelecom Board Juris Gulbis reveals.

Latvia’s GDP per capita last year – 3 039 lats

In 2010, Latvia’s gross domestic product per head (at constant prices) was 3 039 lats, which is by 11 lats more than in 2009, when it was 3 028 lats. In the Q1 of 2010, the GDP per capita (at constant prices) amounted to 651 lats.

Snoras paid 3.508 million lats for Latvijas Krājbanka shares

Lithuanian AB Bankas Snoras (Snoras) paid the minority shareholders of Latvijas Krājbanka 3.508 million lats for the purchase of their shares, according to NASDAQ OMX Riga stock exchange data.

GDP shrank by 0.3% last year

Compared to 2009, in 2010 the gross domestic product in 2010 decreased by 0.3%,while compared to the exact period in 2009, it has risen by 3.6% in Q4 of 2010.

Census counters to be paid regardless number of households visited

Settlement with the company carrying out population Census 2011 will not depend on the number of households census counters visit, the Central Statistical Bureau deputy director Pēteris Veģis says, adding that online Census has been extended up to March 12, due to extensive interest in electronic registration.

Airport Riga: airBaltic has financial difficulties

The Latvian national airline airBaltic is suffering financial difficulties – its debt to the airport Riga accounts for 7 – 8 million lats, indicates the airport’s Board Member Andis Damlics.

Diesel fuel excise to reduce Latvian farmers competitiveness

Applying minimum excise tax on diesel fuel will boost costs of Latvian local farmers. Given various costs climb, including of energy resources, excise tax application will propel the prime costs of agricultural production and reduce farmers competitiveness down to the level of the Baltics exclusively.

Municipalities control over gambling likely to be increased

Town in Latvia Jekabpils Council has drafted amendments to the legislation aiming at granting local governments more power to control gambling.

Non-financial investments shrink 19.5% in 2010

In 2010, non-financial investments at current prices accounted for 1 337.1 million lats, of which in the Q4 – 513.7 million lats. Compared to 2009, in 2010 the volume of non-financial investments at constant prices dropped by 19.5%; while compared to the corresponding period in 2009, in Q4 of 2010 – by 3.3%, according to the Central Statistical Bureau data.

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