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Saturday 18.08.2018 | Name days: Liene, Helēna, Elena, Ellena, Liena

Working on weekends complies with international rigths

If workers are employed on Saturdays and Sundays, as well as on holidays, they are ensured the protection stipulated by the European Union – the right to recreation at another time, indicates Elīna Egle, Director General of the Latvian Employers' Confederation.

Construction costs drop 0.6%

Compared to February 2011, construction costs in Latvia dropped 0.6% on average in March this year. Costs of machinery and equipment maintenance grew 1.8%, while construction materials prices – 0.1%. Labour remuneration fell 5.2%.

Swedbank: fiscal policy needs improvements

The state budget situation is improving faster than expected and this year the government plans to reduce the budget deficit more rapidly than it was projected when approving the 2011 state budget, Swedbank indicates.

State Revenue Service forfeits millions of lats on electronic system errors

Several millions of lats are lost due to problems with the State Revenue Service Electronic Declaration System.

Expert: tax rise limits individual freedom

Latvia should turn much more attention to economic security issues, says Aivis Ronis, Latvian-American financial forum President, adding that we cannot achieve that with mere figures.

85% of Latvia households faced difficulties with covering daily expenses last year

Last year, 85% of Latvia households (82% in 2009) had difficulties with settling daily expenses: 23% of them found it very difficult to cover the necessary daily expenses (in 2009 – 18%), 32% had difficulties with payment settlement (in 2009 – 31%).

Latvian life insurance market resumes growth

Latvian life insurance market is starting to recover from the slow-down in 2008 and 2009. Last year, insurance premiums written reach 43.1 million lats, 16% more than in 2009 with 36.3 million lats.

State Audit Office calls upon Ombudsman to ensure budget planning and implementation meet requirements

By carrying out unexpected tax – the state social insurance compulsory contributions and individual income tax – advance payments at the extent of 31 thousand lats in December 2010, the Ombudsman's Office has not acted lawfully and economically with financial resources, the State Audit Office has concluded.

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