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Ceturtdiena 19.07.2018 | Name days: Jautrīte, Kamila, Digna

Expert: 2nd Tier pension scheme should be inherited

It was previously promised contributions to the 2nd Tier scheme will be at the extent of 4%. Now the previously made promises to one million workers have been broken. If in the long term the rate is less than 6%, then our future pensions will be lower, indicates the Director of Swedbank Investment Management Harijs Svarcs.

Latvia Minister of Justice reviews cadastral values

The new Minister of Justice Aigars Štokenbergs has started to reconsider real estate cadastral values, in order to make them more residents friendly.

Economists: modest price level increase to be expected in future

The consumer prices have resumed the path of growth and moderate inflation can be expected in the future, yet there are no grounds for concerns about a significant peak in the consumer prices in the nearest future, consider the economists.

Government plans to submit 2011 budget draft to Saeima on December 7

In the following weeks, the government intends to work in accordance with a very intense work schedule so that the next year’s state budget could be submitted to Saeima on December 7.

Inflation grows by 0.4%

This year in October, compared to September, the inflation has increased by 0.4%, indicate the Central Statistical Bureau data.

Relatives hired as deputies’ assistants and advisers also in the 10th Saeima

Also in the 10th Saeima convocation some relatives will be hired as advisors and assistants to Deputies.

Mid-December sets micro-enterprise tax rate applications deadline

Companies can apply for the micro-enterprise tax rate for the next taxation period by December 15 this year.

Latvia Finance Ministry: budget revenue plan is over-implemented

Overall, 315.7 million lats were collected in the state budget revenues last month, which is 109.2% compared to the planned amount. While over the ten months of 2010, 3.03 billion lats were received in the state budget revenues, which constitute 102.2% implementation against the plan, suggest the State Revenue Service aggregated data.

Vitol could claim 64 million lats compensation from Latvia

AS Ventspils nafta major shareholder Vitol Group has filed a letter to the Prime Minister Valdis Dombrovskis, where it is emphasized that Latvia and Swiss’ agreement on the investment protection has been violated and Vitol intends to request from Latvia a compensation at the extent of 130 million US dollars.

Traders: closed supermarkets on Sundays would discourage tax inflow

Proposals on closed supermarkets on Sundays, that way supporting local traders and small shops, have provoked many discussions. Some traders get up to a half of their turnover at weekends and they warn if the suggestion was implemented, the state would lose revenue derived from tax, as well as the number of the unemployed would grow.

Southern Bridge completion needs a loan

This week Riga City Council decided to ask the Ministry of Finance (MF) permission to obtain a bank's loan, in order to complete the Southern Bridge.