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Ceturtdiena 02.04.2020 | Name days: Imgarde, Irmgarde

UN Secretary General calls for solidarity seeing pandemic as a global test

UN Secretary General António Guterres has evaluated that the social and economic effect of the COVID-19 pandemic is the greatest test to mankind since World War Two, British public broadcaster BBC reports.

Fuel sales in Estonia down by 30% to 50%

Petrol stations in Estonia have during the outbreak of COVID-19 and emergency restrictions observed a significant fall in the sales of fuel, Estonian public broadcaster ERR reports.

US to have economy and health care aid plan with USD two trillion

The US government and Congress have agreed on a support package to help the country’s economy, workers and health care system hit by the COVID-19 outbreak and sweeping restrictions, American news agency AP reports.

People under special tax regime may be given right to receive unemployed benefits

Persons who work under a special tax regime may be provided the right to receive the status of unemployed persons, said Latvian Welfare Minister Ramona Petraviča during a press-conference on Tuesday, 24 March.

Latvian Fiscal Discipline Council recommends postponing tax reform

Considering uncertain economic development and high risk level, it would be best to postpone the tax reform, as well as other fiscally-sensitive activities until the situation has normalized, as the newly-elected Fiscal Disciplinary Council concluded at its first meeting.

Bank of Latvia governor offers banks to write off debts left from «bubble era»

Bank of Latvia governor Mārtiņš Kazāks offered banks to write off unrecoverable debts left from so-called «fat years» or «bubble era», which would allow more than 10 000 people to return to the economy.

Prime Minister: there are loops in the law that can be used to prolong trials

«The difficulty is that there are loops in the law lawyers are able to use to prolong trials,» said Latvian Prime Minister Krišjānis Kariņš in an interview to LTV programme Rīta Panorāma on Wednesday, 5 February.

Latvian Economy Minister does not have plans to make taxes «green»

Currently there is no specific plan to use taxes to improve state goals in relation to climate neutrality in Latvia, said Economy Minister Ralfs Nemiro at a press-conference after a government meeting on Tuesday, 28 January.

Minister: the state may have to invest in port terminals to secure freights

It is possible state should invest in port terminals to secure, for example, freights from Belarus, said Latvian Transport Minister Tālis Linkaits in an interview to LTV programme Rīta Panorāma, commenting on potential cooperation with Belarus in transportation of oil products.

Foreign investment volumes in Latvia reach EUR 7.03 billion in 2019

The volume of foreign investments in Latvia reached EUR 7.03 billion at the end of 2019. However, when compared to 2018, this amount has declined EUR 125.42 million, according to information compiled by Lursoft.

Vegetables in Estonia drove food price hike in 2019

Estonia’s consumer price index increased by 2.3% in 2019, compared to average prices in 2018. Changes in the price of non-alcoholic beverages and food had the largest impact on food prices, official statistics showed.


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