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Tuesday 20.08.2019 | Name days: Bernhards, Boriss

1% of social contributions could be directed to 2nd Tier pension scheme

The agreement on redirecting 1% of social contributions to the 2nd Tier pension scheme next year has been reached, admitted the new Minister of Welfare Ilona Jurševska.

Government plans to submit 2011 budget draft to Saeima on December 7

In the following weeks, the government intends to work in accordance with a very intense work schedule so that the next year’s state budget could be submitted to Saeima on December 7.

Inflation grows by 0.4%

This year in October, compared to September, the inflation has increased by 0.4%, indicate the Central Statistical Bureau data.

Relatives hired as deputies’ assistants and advisers also in the 10th Saeima

Also in the 10th Saeima convocation some relatives will be hired as advisors and assistants to Deputies.

Latvia Finance Ministry: budget revenue plan is over-implemented

Overall, 315.7 million lats were collected in the state budget revenues last month, which is 109.2% compared to the planned amount. While over the ten months of 2010, 3.03 billion lats were received in the state budget revenues, which constitute 102.2% implementation against the plan, suggest the State Revenue Service aggregated data.

Latvia faced the most severe crisis in the world

Gross Domestic Product drop was enormous in Latvia and the crisis you underwent can be considered the most severe the world has ever experienced, said the British newspaper Sunday Times economics editor David Smith.

VAT rise would increase households annual expenses by 100 lats

The revocation of reduced value added tax rates, and the VAT base rate raise would affect all the inhabitants of Latvia – the expenses of average family with three people would increase by approximately 100 lats per year, suggest the estimates of Swedbank Institute of Private Finances.

Estonia wants to repay Soviet-era debt to Latvia

The Estonian government is considering to repay Latvia more than two million kroons worth loan. Estonian Consulate General received the sum from the Latvian Republic’s embassy in Washington in 1989.

Latvian Chamber of Commerce and Industry: government declaration – constructive work basis

«Despite businessmen are not satisfied with the future government declaration development process, the content of the declaration is the key priority,» says Latvian Chamber of Commerce and Industry (LCCI) Board Chairwoman Žaneta Jaunzeme – Grende.