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Wednesday 26.02.2020 | Name days: Mētra, Evelīna, Aurēlija

Price fluctuations expected in real estate market

In the third quarter of the present year, the real estate market gas undergone changes - apartments price climb stopped in September, although experts indicate price fluctuations still can be expected in future.

Several taxes might be raised next year

Real estate duty rate for housings, value added tax and non-taxable minimum might be increased next year.

Experts: no exceptions among possible privatizable state companies

When considering different options to enhance the management of state-owned enterprises, including the partial or full privatisation, there cannot be «holy cows» among the companies whose privatisation is not discussed.

Kristovskis: most likely, Unity, Greens/Farmers and All For Latvia! - For Fatherland and Freedom will form the coalition

It is most likely the coalition in the next Saeima will be formed by Unity (Vienotība), The Greens and Farmers Union (Zaļo un Zemnieku savienība) and All For Latvia! (Visu Latvijai!)-For Fatherland and Freedom / LNNK (Tēvzemei un Brīvībai/LNNK), according to Unity Co-Chairman Girts Valdis Kristovskis after having met with The Greens and Farmers Union.

Highest EU unemployment rate - in Latvia

Until the August 2010, Latvia had the second highest unemployment rate amongst 27 member countries of the European Union, namely, 19.5%; while Spain ranked first with 20.5%

Shadow economy hits 32% of GDP

Latvia shadow economy has reached 32% of the gross domestic product (GDP) this year, concluded international experts.

Million euro invested in Radio 101

Although all the plans have not been fully implemented yet, about a million euro (703 000 lats) has already been invested in the development of Radio 101.

Retail trade sector recovers

According to the most recent data, for the first time over the past few years, Latvia retail trade turnover, broken down by year, has increased.

Economists: tax rise in inevitable

Without rising taxes 2011 budget adoption at the necessary amount is unlikely, as it is not enough with expenditure cuts, consider economists of the leading banks of Latvia.

Retail trade turnover grew by 1%

In August, the total retail company turnover increased by 1%, compared to this year’s July. The turnover of non-food product retail trade increased by 1.6%, while the food product retail turnover has shrunk by 0.1%.

Irish government to invest more in Allied and Anglo Irish banks

The Irish government is about to the take majority control of Allied Irish banks and divert extra cash into Anglo Irish Bank, in order to avoid the financial crisis burden.

Latvia and Hungary not to expect economic growth

Although there are certain risks that in the second half of the year the Eastern Europe countries economic growth might slow down because of global economic situation worsening, improvement is to be expected in all the region's countries, except Latvia and Hungary.

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