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Moscow banns trade of alcoholic drinks at night

According to the reports of today, the trade of strong alcoholic drinks at night and in the early hours has been banned in Moscow, in order to eliminate the main cause of the damage of the health of Russians - excessive use of alcohol.

USA faces the highest number of insolvency announcements since 2005

According to the data of the government of the USA, the number of insolvency announcements has reached its highest point since the year 2005. The economy of the USA is slowing and the level of unemployment has reached a two-digit number.

Agreement to lower gas prices in Latvia

The head of AS Latvijas Gāze (LG) Adrians Davis (Adrians Dāvis) in the meeting of the Saeima Economic, Agricultural, Environmental and Regional Policy Commission announced that an agreement to lower gas prices in Latvia has been reached.

Dombrovskis: the decision to reduce contributions to 2nd tier of the pension scheme is temporary

The decision of reduced pension contributions to 2nd tier of the pension scheme is a short- term option. The reduced payments could be extended for two years, until 2012, inclusive.

Slesers: Par Labu Latviju will not favor neither Urbanovics nor Dombrovskis

According to Latvijas Avīze, the Prime Minister's nominee from the political association Par Labu Latviju (PLL) Ainars Slesers (Ainārs Šlesers) has announced that PLL will not express its favor to the nominee for the post of Prime Minister from the party Saskanas Centrs (SC) Janis Urbanovics (Jānis Urbanovičs).

Mikelsons will be released on bail of LVL 50 000

Riga District Court has decided to release from custody the former Chairperson of AS Latvenergo Karlis Mikelsons (Kārlis Miķelsons), if security money of LVL 50 000 is paid in a month's time.

The proceedings between airBaltic and airport Riga have been finished

The national airline A/S Air Baltic Corporation and the A/S Riga International Airport have signed a memorandum of agreement on the withdrawal of the proceedings and further cooperation, representatives of both parties informed the business portal

Reducing VAT for food by 10 % would lessen tax burden on low - income groups

After analysing the ways of reducing the tax burden on low-income population and making Latvia's taxation policy more progressive, one of the possible solutions proposed was to reduce the rate of value added tax (VAT) by 10% on food, as mentioned in Riga School of Economics (RSE) and Baltic International Centre for Economic Policy Studies (BICEPS) research on the tax policy in Latvia.

Latvia faces the second highest deflation in the EU in July

According to the data of the Statistical Office of the European Commision Eurostat, consumption prices in Latvia in July, as compared with the exact month of the previous year, have dropped by 0.7%.

Coalition interferes with decision making about excise tax for natural gas

Parliamentary coalition fractions today in Saeima session again interfered with the decision to abolish the excise tax for natural gas. They artificially created the lack of quorum.

Drop by 0.1% in the volume of industrial production

According to the data of Central Statistical Bureau, the volume of industrial production decreased by 0.1% in June 2010, as compared with May 2010, after seasonally adjusted data at constant prices. This includes electricity and gas supply - by 1.9%; however, there has been an increase of 0.2% in manufacturing and by 1.9% in mining and quarrying.

Shareholders meetings for AS Ventbunkers and LNT convoked for March 26

The Ventspils Transit companies A/s Ventbunkers and A/s Latvijas Naftas Tranzits inform that the shareholders’ meetings of both companies will convene on March 26th 2010.

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