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Saturday 21.09.2019 | Name days: Matīss, Modris, Mariss

Ventbunkers and Litasco return to the negotiation table

After weeks of a stalemate in the dispute with the Lukoil subsidiary Litasco, the parties have agreed on negotiations to discuss the problems regarding oil fuel stored at the Ventbunkers terminal located in Ventspils, BNN was informed by informed Rudolf Meroni the Chairman of the Supervisory Board of a/s Ventbunkers (VBU).

Lithuania State Social Insurance Fund deficit - 2.75 billion litas

The Lithuanian State Social Insurance Fund shows a deficit of 2.75 billion litas (LVL 558 billion), however it is 20 million litas less than planned.

Leaving restaurants without paying not popular in Latvia

The practice of leaving restaurants without paying for the service is not popular and common in Latvia, recognize the surveyed representatives of restaurants and pubs by the business portal Nozare.lv.

Producer prices in manufacturing surge 3.1%

Compared to the average level of 2009, producer prices in 2010 have grown by 3.1%. Prices have mainly climbed in waste collection, treatment and disposal; materials recovery (by 40.9%), and in the manufacture of metals (by 24.5%), wood and wood products, except furniture (by 10.0%).

Latvia in face of real estate deficit

Latvia may experience quality real estate shortage in one or two years, moreover, in all market segments, indicate the company Colliers International research data.

Vilnius to raise heating price

Residents of Lithuania might face a heating price surge, due to the outstanding debt of 41.4 million litas (LVL 8.4 million) boosted by growing current prices.

Food products surcharge is inevitable

The food product price gains are unavoidable due to the record-high raw material prices, while the manufacturers of agricultural production and food products agree that efficiency boosts have to be continued in the manufacturing processes so that consumers do not suffer from the raw material price climb.

Majority of kroon coins left to Estonians

Since last October nearly 243 tons of coins, worth 40 million kroons, have been submitted at the Estonian banks, yet Estonia’s residents still own many coins with the total value exceeding 100 million kroons.

Court employees demand equality principle in salary determination or they will strike

More than 20 Latvia’s District (City) courts and the Land Register Department employees have filed letters to high-level officials, requiring to prevent inobservance of legal norms and principles and ensure the equality principle in remuneration.

Rudolf Meroni: Litasco is running out of time; Ventbunkers will store fuel oil offshore

Litasco has only a few days left to lift their fuel oil from VBU terminal before the first vessel, chartered by VBU, arrives in Ventspils port later this week to store the fuel oil offshore on account of Litsaco.

Heating cost 45% more in December

December heating costs in Riga will amount to 45% more than a year ago, the Riga City Council told the business news portal BNN.

Meat processors and traders caught dodging taxes

January came with the State Revenue Service (SRS) Financial Police Department (FPD) discovery of a scheme implemented by a meat processing company and meat product store chain owner. They avoided tax payment by reprogramming electronic cash registers and indicating a reduced value or quantity of goods in the consignment notes.

Economist: money supply in economy rises 3.5%

Last December, the volume of money in circulation continued to rise, reaching the highest monthly growth rate since December 2009, the economist at the Bank of Latvia Vilnis Purviņš informs.

Millions spent on emergencies

Last year, 2.5 million lats was spent from the budget program on unforeseen events – in particular on flooding and fire. The remaining funds, which comprise more than 70 million lats, were directed to politically significant, yet barely priority measures.