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Monday 20.01.2020 | Name days: Aļģirds, Orests, Oļģerts, Alģis

Government considers applying 22% VAT rate to electricity

When working on 2011 state budget the government is also considering the proposal of applying 22% value added tax rate to electricity, confirms the Deputy Chairman of Latvian Free Trade Unions' Association Egils Baldzens.

State Audit Office: unjustified use of half a million lats on social security net fulfillment

The State Audit Office (SAO) informs national and municipal authorities responsible for «Safety Net and Social Sector Reform Program» between the Republic of Latvia and the World Bank setting social security net measures fulfillment have spent 462 167.28 lats improperly.

University of Latvia professor: Russia's influence on Latvian economy is a myth

Russia's power of influencing the Latvian economy is a myth - regarding economic relations, Latvia does not have to be afraid of Russia, as we are deeply integrated in the common economic space of the European Union, data testifies for that, said University of Latvia associate professor Ojārs Skudra.

Latvian consumers trust local farmers’ production more

Buyers prefer visiting farmer markets because they have more confidence in the local production than in products of unknown origin. Besides, country goods are regarded as healthier and more delicious, indicates Sky&More survey.

Government wants to reduce 2011 budget by 180 million lats

The government of Latvia wants to reduce 2011 budget only by 180 million lats.

Businessman Abdulmuslimovs: there is no Chechen mafia in Latvia

Latvia is beginning to resemble a typical Asian or Arab state, where only relatives take up posts, believes the businessman Bislans Abdulmuslimovs born in Chechen-Ingush Autonomous Republic.

CPB once halted investigation on «money launderer's» close person Bors

In 2006 CPCB investigated with the record money-launderer Artis Hartmanis connected person, the leading Constitutional Protection Bureau (CPB) counterintelligence head Aigars Bors, due to alleged unlawful activities with the so-called «undercover passport» issuing. However with the help of CPB high-ranking officials, the investigation was stopped.

Coalition considers Bank of Latvia spending cuts

Along with different state budget consolidation measures, the coalition has also discussed options of reducing the Bank of Latvia (BL) administrative expenditures, including the option of embodying the salaries of the Bank's employees into the single-salary system.

Pilsetniece resigns from Notaries Council Chairperson post

The Latvian Sworn Notaries Council has approved the resignation of its former Chairperson Ilze Pilsetniece, the LSNC Managing Director Vija Pizica informed the business portal BNN.

Subsistence level in Latvia rises by 2.03 lats

This year October, compared to September, the subsistence level has increased by 2.03 lats and forms 169.41 lats, indicates the Central Statistical Bureau information.

Privatization Agency to keep managing state shares at Parex bank and Citadele

In order to successfully carry out the European Comission's approved state support restructuring plan in the joint stock companies Citadele and Parex Bank, the Cabinet of Ministers has amended the statutes of Latvian Privatization Agency (LPA) by increasing its stock capital by five million lats.

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