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Monday 23.07.2018 | Name days: Magda, Magone, Mērija

Lembergs' official income for 2012 – nearly 1000 LVL per day

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Aivars Lembergs

Aivars Lembergs

Ventspils politician Aivars Lembergs’ total income for 2012 was 316 965 LVL. This means he earned nearly 1 000 LVL every day, according to his official’s declaration for 2012.

This amount is several thousand LVL smaller than his income for 2010 (324 002 LVL) and significantly smaller than that of 2011 (595 917 LVL). A notable amount (282 216 LVL) he received from his daughter Liga Lemberga that year.

Lembergs’ salary as an official of Ventspils City Council was 11 977 LVL. His largest income – 132 00 LVL – came from his salary at the Business Development Association. Lembergs is the Chairman and a Board member of that organization.

Lembergs received 63 633 LVL from the Valters un Rapa and 58 800 LVL from the Ventspils Development Agency. His last year’s income at Ventspils Free port, where he takes the office of Board member and Chairman, was 35 428 LVL. An additional amount of 14 358 LVL was paid to Lembergs for his work as the President and Board member of the Latvian Transit Business association. He was also paid his pension – annual amount of 741 LVL. Lembergs also received an interest payment from PrivatBank in the amount of 26 LVL.

Lembergs’ debt obligations are estimated at 7.59 million LVL and $5.27 million (Lembergs’ last year declared obligations were of the same amount).

Lembergs himself had issued loans for a total amount of 163 340 LVL in 2012.

His cash savings are 61 000 LVL, 36 000 EUR, $22 000 and £2 400.

He has deposits in different banks for a total amount of 178 825 LVL, 6 072 EUR, $36 083 and 13 254 Swiss francs. Lembergs has spent a total of 26 040 LVL, 30 000 EUR and 27 890 Swiss francs on different legal services last year. Lembergs had declared 10 200 LVL of expenses on rent of transport and 4 108 LVL as debt payment. In his official’s declaration, Lembergs stated the expense of 30 324 LVL as “netting”.

Lembergs owns shares of Ventspils nafta worth 5 795 LVL, shares of Latvian shipyard worth 432 597 LVL, one 100 LVL worth share of Ventbunkers, Krajbanka shares worth 5 939 LVL and 799 privatization certificates.

Lembergs owns an apartment in Ventspils, five pieces of land in Ventspils region, as well as land with a residential home in Riga. He also owns another apartment in Ventspils, as well as several vehicles (motorboat and six rowing boats).

Lembergs is also a Board member of the Ports Association, Chairman of the For Latvia and Ventspils political party and President of the Ventspils basketball club.

It should be added that the average net salary across Latvia was 484 LVL in 2012. Also, according to the surveys of the Welfare Ministry and SEB bank, the total amount an average pension recipient will be paid is 267 LVL for I and II pension level. If a person had invested in the III pension level as well, the end pension amount will be 312 LVL. Currently, an average forty-year-old minimum wage recipient will be paid a pension of 111 LVL in 2035.

Last year, 185 200 or 38.4% of pensioners were being paid pensions of 150 to 180 LVL. A little more than 17% of pensioners were being paid pensions from 100 to 150 LVL. The same proportion of pensioners was being paid pensions worth 200 to 300 LVL in 2012.

109 595 Latvians were given the status of poor at the end of 2012.


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