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Ceturtdiena 21.11.2019 | Name days: Andis, Zeltīte

78% of businessmen check information about partners

Businessmen who do not check their future business partners in advance face financial challenges more often. However, 78% of businessmen in Latvia do carry out such «checks» of their existing and future partners.

Heating debts hit 39 million lats

As of May 1, 2011, heating debts total 39.17 million lats in Latvia, says Aino Salmiņš, representative of the Union of Latvian Local Governments.

Businessmen to repay tax debts if penalty charges are lifted

If the state of Latvia is willing to compromise and collect tax debts from businessmen, it should lift penalty charges imposed since September 1, 2010, according to Latvian Chamber of Commerce and Industry.

Annual inflation in Latvia - 4th highest

Annual inflation hit 4.8% in May, accounting for the fourth highest in the Europen Union. EU inflation rate remained flat - 3.2%, while eurozone inflation dropped 0.1 percentage point down to 2.7%.

ECB urges to double eurozone support fund

Eurozone stabilisation fund must be doubled up to one and a half trillion euro, says Nout Wellink, representative of the European Union Central Bank.

Car rental agreements obligatory also for taxis

To curb shadow economy, it is planned a company, which has been granted a license as a passenger carrier with light taxis but does use its means of transport for that matter, will have to conclude a car rental agreement with the owner of the car.

Olainfarm sales spike 52%

The medicinal and chemical-pharmaceutical product manufacturer AS Olainfarm’s provisional May 2011 performance indicates sales have surged 52%, compared to the same period last year, totaling 2.9 million lasts (4.13 million euro), according to the company.

Latvian Shipping Company lost 69.37 million lats in 2010

Latvian Shipping Company (Latvijas Kuģniecība) concluded 2010 with 142.44 million US dollars in losses (69.37 million lats).

Government approves Vilnitis' dismissal

Based on a proposal by a specifically designed commission to assess Normunds Vilnitis, head of Latvia anti-corruption bureau, the government decided today, June 16, that it approves of the suggestion and the matter is now forwarded to the Saeima for review.

Taurus may acquire Latvia's shares in airBaltic

Company called Taurus is a likely purchaser of Latvia's shares in the national airline airBaltic, as it has come with a ready-made proposal, which Uldis Augulis, Transport Minister, presented to the government.

4G frequency allocation may bring millions

It would be could if Latvia could collect a couple of millions from 4G frequency usage rights auction, says Andris Virtmanis, head of Public Utilities Commission, Electronic Communications and Postal Department.

Expert: US to default if debt ceiling is not raised

In case US Congress does not raise borrowing limit, there will be growing threat to the country's creditworthiness, says Ben Bernanke, the chairman of the US Federal Reserve. Moreover, US might lose AAA credit rating if Congress did not vote for raising the 14.3 trillion dollars debt ceiling.

Growing demand for barbecue grill and protection against mosquitoes

Arrival of hot weather in May and June has boosted demand for a number of goods topical in summer. For example, demand for barbecue grills and protection against mosquitoes grew by half in the second week of May, compared to the first one.

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