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Ceturtdiena 12.12.2019 | Name days: Otīlija, Iveta

Around 1 500 public benefit organizations founded in Latvia

Until January 1, 2011, the public benefit organization status was effective for 1 485 organizations in Latvia, while in the first three months of 2011, public benefit organization status was granted to 47 organizations.

Parex Bank faces «obstacles» in syndicated loan repayment

Due to the objections of the international lenders, Parex Bank will have to seek for other ways to settle its 164 million lats syndicated loan.

Estonia's electricity prices might surge one-fifth in two years

After all the restrictions are lifted in 2013, the Estonian households might have to pay 15% more for electricity than currently, suggest the Estonian Finance Ministry and Central Bank’s estimates.

March minimum subsistence level - 173.51 lats

The minimum monthly subsistence level in Latvia has climbed up to 173.451 lats, growing 1.23 lats, compared to February and 9.37 lats, compared to March 2010.

Last year budget deficit - 7.7%, debt - 44.7% of GDP

In 2010 the general government budget deficit of Latvia hit 983.9 million lats or 7.7% of Gross Domestic Product (GDP), while the governmental debt amounted to 5 693.6 million lats or 44.7% of GDP.

Economy Minister declaration's defender herself forgets to list tractor

The political association Unity Ethics Commission member Liene Liepiņa, famous for her saying regarding the Economy Minister Artis Kampars case that not always the essence of the matter is as it looks like, herself has also forgotten to mention some things on her annual income declaration.

New taxes likely to be introduced

In 2012, young-growth forests, power lines, hydroelectric power stations and agricultural production facilities may be subject to the cadastral tax, according to the proposals of the task group set by the Prime Minister.

Latvian companies to supply food to NATO soldiers

Twenty nine Latvian companies will supply products to NATO forces in Afghanistan. The total sum of the contracts on food supply now reaches about a million US dollars.

Olainfarm sales spike 28%

Medicines manufacturer Olainfarm sales have surged more than 28%, hitting 7.84 million lats, compared to the performance a year before, according to the companies provisional data on the first quarter of 2011.

100 leading companies ensure all Latvian exports

Last year 100 leading Latvian companies exported production totalling two billion lats, which is nearly a half of Latvia's total export in 2010, according to study of the Central Statistical Bureau and data.

Estonian businessmen shocked about Latvia's shadow economy

The Estonian Chamber of Commerce in Latvia insists the Latvian government should arrange its tax auditing system, reducing unfair competition stemming from the shadow economy.

European Commission freezes Estonian company’s funding

The European Commission's audit found that three projects of the Estonian company Enterprise Estonia, which were co-funded by the European Regional Development Fund, included inadequate costs. Therefore, the EC has decided to temporarily suspend fund payments of 30 million euro to the company.

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