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Monday 22.07.2019 | Name days: Marija, Marika, Marina

Experts: euro saved us from terrible crisis

If there were no euro, Europe would have been hit by a terrible crisis, thus the European system has worked out quite well. It turned out to be stable enough even in such a severe downfall, the expert Maurice Levy says.

FM refuses providing information on restitution of Jewish properties

The Ministry of Foreign Affairs will not provide a list with properties to be restituted to the Latvian Jewish community, as the issue of the restitution of Jewish properties is in a negotiation stage, but no agreement has been reached yet, the press secretary of the Ministry Jānis Sīlis says.

Construction costs down by 2.7%

Compared to the average level of 2009, in 2010 the construction costs in Latvia plummeted by 2.7%. The most notable drop in the main resource groups was in the maintenance and operational costs of machinery and equipment – by 5.7%. The prices of construction materials fell by 2.3%, while labour remuneration rose by 1.0%.

Lithuanian heat network companies forced to disclose financial results

The Lithuanian Prime Minister Andrius Kubilius has promised to ensure that companies supplying heat to the inhabitants will have to publish their financial indicators.

AGA plant to be constructed in Zakumuiza

This April the company AGA will start building a new gas production and filling plant in Zakumuiza to be put in operation in the summer of 2012.

Dealing only with stores would kill dairies

Supermarkets keep manipulating with suppliers, moreover traders statements on small profit, compared to producers income are populistic, says Latvian Dairy Producers’ Central Union’s Board Chairman Jānis Solks.

Prosperity of Latvians to be assessed

It is likely persons owning a property not listed at the state’s official registers, as well as persons with savings and debts over more than 50 minimum monthly wages – 10 000 lats – will have to submit the so-called zero declaration at the State Revenue Service (SRS) starting from July 1 this year.

Electronic identity cards expected in summer

Electronic identity cards (eID) introduction process launched back in 1999 already is soon to round up, according to the recent amendments to the Personal Identification Documents law just announced at the state secretaries meeting and currently coordinated with other authorities.

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.

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