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Friday 22.11.2019 | Name days: Aldis, Alfons, Aldris

Professor: we needed smaller budget deficit a long time ago

That is very good if the aim of 2011 is to achieve smaller budget deficit that promised to the international lenders, but this had to be done already a long time ago.

Interior Ministry’s budget to be reduced at the expense of administrative spending

This year, the Interior Ministry’s budget cuts at the extent of 3 265 141 lats will be carried out by reducing the administrative expenditure.

Latvia Ministry of Welfare: contributions to 2nd Tier of pensions will form 2%

The amount of contributions directed to the 2nd Tier of pensions in 2011 and 2012 will form 2%. This will ensure additional funds to the state social insurance budget deficit reduction, as well as provide full state social insurance services to people.

Latvia Finance Minister: foreign investments propel national economy

Foreign investment is a stimulus for the national economy development, said the Minister of Finance Andris Vilks, when unveiling the international Cohesion Fund from 2000 to 2006 planning period closing conference «Cohesion Fund 10-year investment in Latvia».

Court does not cancel decision to make People's Party repay 1.03 million lats

Administrative District Court has rejected People's Party complaint, thus leaving in force the Corruption Prevention and Combating Bureau (CPCB) decision to make the party to transfer to the state budget funds at the amount of 1.03 million lats, received and spent illegally.

Route taxi sector likely to be over-taken by Rigas Satiksme

Rīgas Satiksme is likely to take over the route taxi sector. The reason for this is the necessity to change the passenger transport system, as well as to adjust it to the European Union criteria.

Unemployment benefit to be cut in particular cases

In order to comply with the State Audit Office (SAO) instructions, the Ministry of Welfare (MW) in Latvia has developed amendments, providing elimination of injustice in the system of unemployment benefits for people with different seniority levels, therefore, starting from 2011 unemployment benefit will be smaller for some groups.

Latvia is not ready for electric cars

Electric cars in Latvia are as crucial as the new National Library. It would promote the image of the state, while efficiency factor is close to a zero in both cases, told automobiles dealer.

Association: beer price rise to hit the industry

Poor grain harvest throughout the whole world and tax changes will have a negative impact on raw materials prices, leaving a destroying effect on the industry, believes Brewers' Association of Latvia (BAL).

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