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Saturday 14.12.2019 | Name days: Gaisma, Auseklis

MI budget cut of 17 million lats planned

Ministry of the Interior (IM) might experience another cut of finances in amount of 17 million lats. Specialists indicate that if it happens, the safety level of the country might be questioned.

Kalnmeiers: I cannot pander to everyone

«I cannot pander to everyone,» the Prosecutor-General Eriks Kalnmeiers (Ēriks Kalnmeiers) expressed today, September 15th, when commenting the carried decision on the necessity of «inventory» in the case of Ventspils’ enterprises as «a remuneration for the prosecutor general post».

First class roads to be improved for saved 33.6 million lats

The Ministry of Traffic plans to make improvements in several state first class roads with the help of European Regional Development Fund (ERDF) financing and money that has been saved up from the first round 33.6 million lats.

EU volume of output stabilizes

According to seasonally adjusted data, the scale of production, compared to the indicators of June and July 2010, has stabilised in eurozone, as well as in all 27 European Union (EU) member countries, shows the Eurostat data.

Subsistence level in August –166.42 lats

According to the Central Statistical Bureau (CSB) data, in August the subsistence level has decreased by 1.28 lats, reaching 166.42 lats.

Debt recovery service charge - not more than 12 lats

Debt collectors are not allowed to visit people at the weekends and in week days after 9 PM. The government has supported the new law, which governs the extrajudicial debt recovery. The Ministry of Economy intends with the help of the new law to tackle aggressive debt collection. The law still has to be revised in the Saeima.

Latvia to assist Haiti with 250 temporary houses

Latvia will participate in the renovation of earthquake-stricken Haiti by sending to this Caribbean country 250 temporary dwelling units.

Cash-in-hand realized through brokers' commissions

It is possible that in the past and currently through the part of insurance brokers who act as intermediaries between buyers of insurance services and insurance companies, brokers might have realized cash-in-hand. Such schemes, where a broker receives a premium from the insurer, who has won the tender.

Buckwheat «snatched out» in Latvia stores

Information on upcoming buckwheat price increase has caused public concern, therefore buckwheat and other cereals products' choice in the stores is rapidly decreasing.

Russia to double transport tax

Starting from 2011, the tax applied to transport will be bound to ecological standards, which means doubling it for cars produced until 2006.

Euro forecast to fall against dollar

Hedge funds and other large share speculators have increased their rates for the next two months, forecasting the largest drop in value of euro, according to the United States Commodity Futures Trading Commission (CFTC) data.

Eurozone’s GDP growth forecast doubles

The eurozone’s gross domestic product (GDP) will increase this year by 1.7%, shows the latest European Commission forecasts. Previously it was anticipated that the eurozone’s GDP will grow only by 0. 9%.

IMF: exit from crisis does not guarantee new jobs

During the following years, the global economy will not be able to provide a significant growth of new openings. The highest risk of low economic growth and high unemployment level still remains in Europe, believes the Managing Director of International Monetary Fund (IMF) Dominique Strauss-Kahn.

All three applicants to participate in train procurement tender next round

The three applicants that entered for Pasažieru vilciens train procurement tender, including AS Riga Railcar Factory (RVR) in collaboration with Bombardier Transport France S.A.S, will advance to the next round, the Chairman of Pasažieru vilciens Board Andulis Zidkovs (Andulis Židkovs) announced today, September 13th, in the press conference.

Economist: budget development is a major risk for future economic growth

The development of the next year's budget is a great risk to further economic growth, considers Swedbank chief economist Dainis Stikuts.


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