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Tuesday 21.08.2018 | Name days: Linda, Janīna

Analyst: zero inflation means Estonia is not used to euro

The euro introduction is the key reason for Estonia registering zero inflation in January, the first month after joining the euro zone, SEB bank senior analyst in Estonia Hardo Pajula says.

Survey: 42% of Latvians unaware of their pension amount

81% of Latvia’s residents consider childhood and study years as the best period of life, while only slightly more than 1% regard retirement age as the happiest period, according to Nordea Bank’s latest survey.

25 million lats collected from gambling venues last year

25 million lats were collected in taxes from gambling halls in Latvia in 2010. During the upturn period – 2007 and 2008 – about 51 million lats were levied per year, reveals Signe Birne, the Head of Lotteries and Gambling Supervisory Inspection.

Only 45% of Riga residents have paid for heating

At the beginning of the heating season the population debts in Latvia reached an average of 18% from the consumed heating (20 million lats), however now they have already hit 25%, indicates Paulis Barons, the Advisor at the Latvian Association of Local Governments.

Exigen: Latvia missed its chance to become IT giant

Latvia had a chance to become an IT giant, but currently it has missed out on it, the software outsourcing company Exigen Services Latvia executive director Ivars Puksts told in an interview with the business news portal BNN.

airBaltic – world’s second best airline in online marketing

The Latvian national airline airBaltic has been recognized as the world’s second best airline in terms of online marketing in 2010. The airline received Webbies Awards in the category Online Campaign of the Year, which is organized each year by the world’s leading aviation media publisher Flightglobal.

Hotel Bergs owner: Baltics have few luxury hotels

In general, it is very difficult to find high-class hotels and guest houses in the Baltic States that would be similar to the ones owned by the millionaire Justs Nikolajs Karlsons and his family. If in Estonia cooperation has been established with Padaste Manor, there is still nothing similar found in Lithuania.

Tele2 hopes to launch Apple sales

While commenting on their performance in 2010, Tele2 says they are currently negotiating the sale of Apple production. The company concluded the year with 30 million lats profit, turning 93.6 million lats in total. Tele2 turnover has dropped by 13%, compared to 2009, while the profit saw a fall of 15%.

ERGO written premiums in Baltics exceed 130 million euro

Last year, the volume of insurance premiums written by ERGO in the Baltic States was more than 130 million euro, while the profit exceeded five million euro.

Karcevskis: transit companies to refill in Lithuania if excise is raised

This year’s state budget consolidation measures of 27 million lats, due to which it is intended to review the excise duty for the fuel and diesel, have created confusion among the Latvian fuel traders.

Businessman: Latvia faces higher corruption than Belarus

Corruption levels are much higher in Latvia than Belarus, SIA Oil Logistic & Trading Head Vladimirs Demidovs comments upon the Finance Ministry’s Tax and Customs Policy Administration Deputy Director Vladimirs Vaškevičs influence on the corruption in the state.

Taxes to be raised for budget consolidation

It is likely that already this year the fuel excise duty and gambling tax will increase, but the number of state administration employees will be cut.

Oil price falls to 87.24 dollars per barrel

On Tuesday, February 8, the oil price fell because, despite the unrest in Egypt, transit was not affected; moreover, the stability also creates hopes for the US crude oil inventories.

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