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Friday 06.12.2019 | Name days: Niklāvs, Niks, Nikolajs

Expert: contributions to 2nd Tier should not be reduced

To compensate for the two-year long reduction of contributions to the 2nd Tier pension scheme, twice as long time and higher costs will be required.

CCCA/LAA: we lose 330 million lats annually

Copyright and Communication Consulting Agency/Latvian Authors' Association (CCCA/LAA) and Latvian Performers' and Producers' Association (LaIPA) estimate copyright holders lose 329 million lats per year due to private copying for personal use. This is the sum people would have to pay, if they had to conclude a contract with rights holders every time when copying for personal use.

Professor: we needed smaller budget deficit a long time ago

That is very good if the aim of 2011 is to achieve smaller budget deficit that promised to the international lenders, but this had to be done already a long time ago.

Interior Ministry’s budget to be reduced at the expense of administrative spending

This year, the Interior Ministry’s budget cuts at the extent of 3 265 141 lats will be carried out by reducing the administrative expenditure.

Produced electricity volume in Estonia grows by 67%

The necessity for electricity, which has increased in the Baltic States after the closure of Ignalina nuclear power plant, has significantly added to the volume of produced electricity in Estonia.

Unit value of export goods grows by 13.0%, of imported goods – by 12.7%

In the third quarter of 2010, the unit value of exported goods increased by 13.0 % and of the imported goods – by 12.7 %, compared to the corresponding period in 2009.

LatRosTrans starts pumping out the pipeline oil

Having conducted detailed preparation and research work, experts give SIA LatRosTrans the green light to pump out oil of its owned pipeline and to transfer it to a reservoir, the business portal BNN was informed by the company.

Unemployment rate in Estonia grows by 1 599 people in a week’s time

Within a week’s time, from November 19 to 25, the number of unemployed persons in Estonia has increased by 1 599 people, making the registered unemployment rate mount to 10.3% of the economically active population.

Grindeks profit this year - 5.2 million lats

The company Grindeks profit hits 5.2 million lats in nine months of 2010 reporting a triple, compared to the exact period in 2009.

airBaltic advertises at Riga City Council expense

The newly-launched advertisement funded by Riga City Council highlights ten things that tourists should know about Riga, including airBaltic planes, BalticBike, BalticTaxi, as well as ESPA beauty salon.

Aerodium: Latvia's brand name is trendy in China

After the participation at the international exhibition World Expo 2010, Latvia has become trendy in China – currently it is possible to sell anything under its brand name, said the amusement and leisure park service company Aerodium Chairman Ivars Beitans and the Communication Manager Ansis Egle.

Latvia Ministry of Welfare: contributions to 2nd Tier of pensions will form 2%

The amount of contributions directed to the 2nd Tier of pensions in 2011 and 2012 will form 2%. This will ensure additional funds to the state social insurance budget deficit reduction, as well as provide full state social insurance services to people.

Latvia Finance Minister: foreign investments propel national economy

Foreign investment is a stimulus for the national economy development, said the Minister of Finance Andris Vilks, when unveiling the international Cohesion Fund from 2000 to 2006 planning period closing conference «Cohesion Fund 10-year investment in Latvia».

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