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Sunday 19.08.2018 | Name days: Melānija, Imanta

43% join 2nd tier pension scheme voluntarily

1.124 million of the residents of Latvia had joined the 2nd Tier of pensions voluntarily by late 2010. More than half of them (57%) were mandatory while 43% joined the scheme voluntarily.

Defence Minister: we'll leave Afghanistan when there are no terrorists

We will leave Afghanistan when it is no longer a land of terrorists and drug smugglers, asserts the Defence Minister of Latvia Artis Pabriks, adding that Latvia should play and active role in international missions.

72% of Latvia’s population against tax changes

72% of the respondents oppose tax changes in Latvia, believing this deteriorates their family’s financial situation, while 65% are confident it increases the overall level of poverty in the society.

IMF: eurozone not in danger of collapse

The eurozone will not collapse, also there no risk that one of the member states currently facing financial difficulties would leave this union, indicates the International Monetary Fund statement.

Russia to pay debt of more than 100 billion dollars this year

Russia has to pay back the external debt worth more than 100.8 billion dollars in 2011. A substantial part of the sum will be covered from commercial banks (36.1 billion dollars) and the state-owned companies (62.3 billion dollars).

Association of Local and Regional Governments critizes «hundred-lats»

Our red tape is already a too heavy burden for taxpayers, the Chairman of the Latvian Association of Local and Regional Governments Andris Jaunsleinis told in an interview to the business news portal BNN, suggesting changing the investment policy regarding regions and do away with the «hundred-lats» programme.

Justice Minister: penalties for serious offences should be more severe

The Latvian penal system should be reviewed, introducing more severe penalties for grave crimes, believes Justice Minister Aigars Aigars Štokenbergs.

EBRD could finance Lituania’s LNG terminal

The European Bank for Reconstruction and Development is considering the possibility to invest funds in the Lithuanian energy pipeline construction to Poland and Sweden.

Half of households to pay more for electricity from April

Starting from April this year, electricity tariffs will increase for half of Latvia’s households, Latvenergo, according to Board Member Uldis Bariss and the Ministry of Economics State Secretary Juris Pūce.

Spiking vegetable prices

In January, this year, vegetable prices rapidly increased; moreover, a sharp decline in local potato stock is observed due to Russian dealers' activity, experts indicate.

Sweets, coffee and milk price gains

Along with the procurement price increase, the price of sweets, coffee, milk and dairy products has also surged; moreover, price gains are expected for tea and fish products as well, food retailers say.

Privatization to bring Moscow 200 billion rubles

An ambitious privatization program is said to bring Moscow 200 billion rubles this year. It is planned to sell state shares in 226 companies.

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