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Monday 30.03.2020 | Name days: Nanija, Ilgmārs, Igmārs

Average monthly gross salary grows by three lats

In the third quarter of 2010, the average monthly gross salary in Latvia was 447 lats, which is 3 lats or 0.8% more than in the second quarter.

Tax for powerful cars – lower than forecast

The Cabinet of Ministers Committee has approved the law on Vehicle Tax, which starting from the next year will stipulate the amount of the annual vehicle tax, yet the tax increase for high-powered cars will be lower than it was suggested before.

11% of Latvia’s population support government’s proposed budget consolidation measures

Most of the economically active inhabitants in Latvia do not support the Latvian government’s proposed budget consolidation measures.

Is Martins Kveps again continuing his illegal efforts trying to take over control in AS Ventbunkers?

There are many rumors in the Ventspils transit business Community that the notorious lawyer Martins Kveps (Mārtiņš Kvēps) may in the next few weeks again try his illegal tactics against AS Ventbunkers.

Expert: contributions to 2nd Tier should not be reduced

To compensate for the two-year long reduction of contributions to the 2nd Tier pension scheme, twice as long time and higher costs will be required.

CCCA/LAA: we lose 330 million lats annually

Copyright and Communication Consulting Agency/Latvian Authors' Association (CCCA/LAA) and Latvian Performers' and Producers' Association (LaIPA) estimate copyright holders lose 329 million lats per year due to private copying for personal use. This is the sum people would have to pay, if they had to conclude a contract with rights holders every time when copying for personal use.

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».

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