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Ceturtdiena 21.11.2019 | Name days: Andis, Zeltīte

47% of Latvia’s population hope for higher pension age income

Nearly half, or 47% of Latvia’s population hope their income at retirement age will be higher than currently.

Riga public transport not to become more expensive in 2011

Although public transport services will claim 7% more funds from Riga City budget, the tariffs will not be increased, moreover it is planned to keep all the current discounts.

Insurance policies price climb expected next year

Insurance policies price will surge in 2011, while the process will not be excessively rapid, says the insurance company ERGO Board member in the Baltics Deniss Sazonovs.

Latvia budget cuts are not big, compared to other states

Compared to budget cuts of other states, Latvian 590 million lats for the following two years seems not than big sum after all.

State administration to allow employee financial motivation

Starting from the next year, the employees financial motivation system in the state administration will be resumed, as well as the possibility to receive 30% premium in addition to the salary.

Latvia GDP surges 2.9%

In the third quarter of this year, the GDP has increased by 2.9%, compared to the corresponding period in 2009. Manufacturing contributed the most to the GDP growth.

Big cities residents to pay the highest property tax

If the Saeima approves the government's supported proposal to double property tax for housing, Riga, Jurmala and other big cities residents will have to pay the most in taxes.

Frost arrival increases the number of road accidents

The first CASCO and OCTA insurance claims have been received regarding vehicle damage due to frost, ice-cover and snow, the business portal BNN was informed by ERGO insurance company.

Non-financial investments in Latvia – 823.4 million lats

This year, during the period January – September, non-financial investments (at current prices) in Latvia formed 823.4 million lats, of which in the third quarter – 384.9 million lats.

Gazprom pledges to delight Latvian consumers

Gas procurement price formulation for Latvia will be changed in the upcoming days. The price correction will be positive news for Latvian consumers, says Gazprom representative in the Baltics Pavel Litvinov.

Non-stop attempts to steal fuel

Illegal fuel obtaining ways differ in Latvia, and according to fuel dealers, may comprise 30% of Latvia’s domestic gas market.

Every fifth inhabitant plans moving abroad

Approximately every fifth (19%) economically-active inhabitant of Latvia, aged 18 to 55, plans leaving Latvia to live abroad in the nearest time.

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