Latviski English По-русски
Tuesday 20.08.2019 | Name days: Bernhards, Boriss

Expert: joint-stock shareholder register keeping practice is at low level

The practice of monitoring private joint-stock companies shareholders register is at a low level and could be compared to keeping money in a flowerpot, believes the Board Member of Latvian Central Depository (LCD) Raitis Vancans (Raitis Vancāns).

Analyst: re-recession in US would affect Latvia

US economical indicators that have turned out to be weaker that it was expected may suggest that there could be another recession in the United Sates (US) that would affect also Latvia.

Milk price to increase

Travel agencies lose 10-15% of clients

An increasing number of tourists book trips on the Internet without using travel agencies services, which means that the agencies have lost about 10-15% of clients in the recent years.

Kampars: innovation and competitiveness affects the economic development

The sustainable economic development of the Baltics will depend on the ability to promote the innovative potential and competitiveness, both in the domestic and global market, indicates the Minister for Economics Artis Kampars.

Banks warn about payment card scams

This week, banks have warned several traders that in the Latgale and Zemgale region a gang of fraudsters have appeared that settles payments for the acquisition of goods or services with counterfeit cards.

Dombrovskis: government will not open list of non-privatizable companies

The current government does not plan to open the list of non-privatizable companies, tells the Prime Minister of Latvia Valdis Dombrovskis.

SRS calculates 88.5 million lats in taxes and fines

In the first eight months of this year the State Revenue Service (SRS) Tax Control Department has conducted 1088 tax audits, ordering to pay 88.5 million lats.

Five-year bonds sold for 12 million lats at state securities auction

All five-year bonds offered at state securities auction were bought amounting to 12 million lats in total.

Price of goods in Latvia - exceeds actual cost 10-15 times

Latvian residents buy clothes, bed linen and footwear at prices that exceeds the actual cost of a finished products ten to fifteen times.

Experts: companies resume struggle for professionals

Despite the fact that Latvia is one of the few countries where this year wage reduction continued, experts have concluded that companies have already started to fight for recruitment and retention of professionals.

Bad service in Latvian Banks

Cash-in-hand realized through brokers' commissions

It is possible that in the past and currently through the part of insurance brokers who act as intermediaries between buyers of insurance services and insurance companies, brokers might have realized cash-in-hand. Such schemes, where a broker receives a premium from the insurer, who has won the tender.