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Monday 16.09.2019 | Name days: Dārgs, Asja, Asnate, Dāgs

Study: businessmen neither trust government, nor fear avoiding taxes

Previous studies in various countries have revealed that there are two main reasons for tax evasion - risks to be caught and attitude towards the specific country, according to Stockholm School of Economics in Riga observations.

Estonian alcohol producers sold more on the domestic market

Estonian producers sold 0.59 million liters of hard alcohol on the domestic market in January, a 61 percent increase compared to the same month of last year, according to data from the Alcohol Producers' Association.

Average savings of Estonians only cover some months of household costs

In the event of losing a steady income, 52 percent of Estonians would not be able to sustain their households for more than six months, according to research agency Faktum & Ariko’s recent study.

Foreign investor interest in Estonia picking up again

Foreign investor interest in Estonia is growing again - over 100 foreign investment projects are currently being processed by Enterprise Estonia, which is much more than in the two previous years put together.

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.

State Social Insurance Fund of Lithuania giving more than it receives

Nine out of ten branches of SoDra (State Social Insurance Fund) throughout Lithuania are deemed to be technically insolvent. Analysis of the regional offices shows that in 90% of regions there are more pension beneficiaries than there are active workers.

Chairman of the Board of Lithuania Bank resigns

The current Chairman of the Board of the Lithuanian Bank, Reinoldijus Šarkinas has tendered his resignation to be effective 15 April. Šarkinas has reached the end of his five year term, and in fact Seimas had to ratify an extension until 15 April as it was a few months more than the specified five years.

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.