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Monday 16.07.2018 | Name days: Hermīne, Estere

Riga vice-mayor’s income up by EUR 235,000 thanks to fast loan companies

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2017, Vice-Mayor of Riga Andris Ameriks received income worth EUR 235,000 in interest from fast loan companies 4finance and Mogo, according to his declaration submitted to the State Revenue Service.

Ameriks’ income from fast loans increased because in 2016 he received EUR 200,000 in interest pay from those two companies. Approximately EUR 30,000 Ameriks was paid by 4finance and EUR 205,000 – from Mogo.

The declaration mentions that Ameriks owns bonds worth EUR 2.5 million, EUR 100,000 and USD 300,000. In 2017, Ameriks had increased his investments in bonds, because he added purchase of bonds worth EUR 500,694 and EUR 100,000 to his transaction list.

Ameriks received the largest portion of income – EUR 335,000 – from deals with Swedbank securities last year.

Ameriks’ total income was around EUR 645,000, which is approximately EUR 100,000 more when compared to 2016. EUR 48,000 was his salary in Riga Freeport Authority. The smallest amount – EUR 29,000 – was his salary as Vice-Mayor of Riga. The declaration also mentions that Ameriks paid EUR 33,557 as an advance payment of PIT for 2017.

Mogo was founded in 2012. Its base capital is EUR 5 million. The company is engaged in provision financial services. Its turnover was EUR 10,412,789 and profits were EUR 2,963,499 in 2016, according to information from

4finance was founded in 2008. Its base capital is EUR 3,165,888. The company is engaged in provision of financial services. Its turnover was EUR 19,601,092 and profits were EUR 29,016,900 in 2016.

Ameriks’ annual declaration mentions that he has EUR 8,000 in cash savings and EUR 296,000 in non-cash savings.

During the last accounting period Ameriks performed multiple transactions whose amounts exceed 20 monthly wages. In accordance with Cabinet of Ministers requirements, it is necessary to state such transactions in the declaration. For example, the vice-mayor of Riga had paid EUR 7,000 in cash, had withdrawn EUR 25,000, had transferred EUR 35,000 to his account, and had transferred EUR 80,000 between accounts in different banks.

Ameriks also owns five pieces of real estate. He also owns a Volvo V90 (2017).

In addition to his post as Vice-Mayor of Riga, Ameriks is also chairman of Riga Freeport Authority and Latvian Association of Ports, as well as shareholder in SIA Rīgas ūdens, SIA Rīgas nami, SIA Rīgas meži, SIA Rīgas pilsētbūvnieks, SIA Rīgas serviss, SIA Getliņi EKO and AS Rīgas siltums.

Also Ameriks is a board member of Municipal Financial Equalization Fund’s council in Finance Ministry, chairman of Honour to Serve Riga political party, board member of Tava Rīga Association, council member of Latvian Basketball Union, chairman of Riga City Council’s City Property Committee, deputy of Riga City Council, a member of the city’s Land Committee, and chairman of Riga City Council’s Committee of Alienation of Property for Public Needs.

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