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Sunday 15.12.2019 | Name days: Jana, Johanna, Hanna

Latvian Farmers Federation: tax policy destroys agriculture

Amendments to the law on the personal income tax provides applying 10% tax to goods purchased for farm households' personal needs. This is destroying the Latvian agriculture, according to Latvian Farmers Federation.

Yuan hits record high against dollar

Chinese national currency yuan rose record high against the dollar, setting the its central parity rate against the US dollar at 6.4856.

Well-paid people expect housing price gains

May, 2011, shows the sentiment of people in terms of housing price gains is affected not only by their level of income but also education. Housing prices will surge in the nearest year's time, say 38% of respondents with high income, 32% with medium-income and only 20% with low income.

Saeima to elect Latvia President on June 2

The President of Latvia elections will be held on June 2, the Saeima Presidium decided today, May 30.

Retail trade turnover shrinks 1%

Compared to March 2011, the total retail trade turnover in April 2011 was down 1%, according to seasonally adjusted data at constant prices.

CPCB deputy head sure oligarchs case will not fail

Knowing all the proofs and results of the searches I am confident the case will not fail, says Juta Strīķe, deputy head of Latvia Corruption Prevention and Combating Bureau.

Insurers to combat rogue car services

Insurers will try to combat «rogue car services» not paying taxes through economical methods.

Six officials involved in Latvian oligarchs case

11 persons in total are linked to the so called oligarchs case, including 6 public officials, says Juta Strīķe, deputy head of the Corruption prevention and Combating Bureau.

Economist: local investors already used to political instability

Investors currently operating in Latvia are already accustomed to the political instability, so it is unlikely they were shocked by recent events, Nordea Bank senior economist Andris Strazds admits.

Harmony Center chairman: Latvia has changed since Zatlers’s speech

Latvia has changed since Saturday evening; however, time will tell what it will become and this depends on many factors, Jānis Urbanovics, chairman of Harmony Center faction, is convinced.

Online card payments grow threefold

Compared to the same period last year, in the first quarter of 2011 online transactions have tripled, hitting 172%, with companies using E-commerce opportunities or card payments on the Internet more and more often.

Estonia’s most dangerous occupations revealed

Last year, 3 196 workplace accidents were reported in Estonia – 276 more than a year ago. For instance, last year the trade sector recorded 253 mild and 60 severe accidents, one of which was fatal.

US bank card safety lags behind Latvia

Despite the payment cards market in Latvia is comparatively small, international payment card organizations' solutions are being introduced successfully. Moreover, in some matters Latvia is ahead of the United States of America, for example, in providing payment cards with chips, Andris Lazdiņš, head of SEB Bank Payment Card Department told the business news portal BNN.

Inflation hits 15% in Belarus

In the first five months of 2011, inflation has already hit 15%, admits, Andrey Tur, Belarus deputy Economy Minister. Moreover, consumption prices gained 3.95% in 17 days of May, while spiking 15.2% in 4.5 months time, which is 3% a month.


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