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25/11/19

Five new super service prototypes introduced

Prototypes of super services appeared on the government services portal


22/11/19

In 2021, entrepreneurs may pay premiums of almost 11%

Now in the Tax Code of the Russian Federation the sizes of fixed insurance premiums for individual entrepreneurs are established until 2020 inclusively.


22/11/19

Information on the average number of employees will be included in the calculation of contributions

A bill has been submitted to the State Duma, which proposes to adjust the procedure for submitting information on the average number of employees. 


22/05/17
Russians will Open a Chocolate Factory in Jelgava In September, a chocolate factory LLC “Chocolette Confectionary” may start its work in Jelgava, as the LETA Agency was informed by the enterprise. Read more
 
19/12/16
In 2017, the Ministry of Finance is Planning a Large-Scale War against Shadow Economy In 2017, at least 20 actions will be implemented provided by the plan for combating shadow economy, said the Minister of Finance Dana Reizniece-Ozola. Read more
 
29/12/16
Summary of the Year: Small Business Got Lost in the Maze of Micro-Enterprise Tax The last year and a half the issue of micro-enterprise tax (MET) was like a hot potato - which hand take, be sure to be burned, writes “NRA”. Read more
 
28/11/16
Swedish IKEA is Considering the Possibility of Opening a Store in Latvia The world's largest furniture trader - the Swedish company IKEA is still considering the possibility of opening stores in Estonia and Latvia. Read more
 
31/10/16
Free Conversations: LMT Cancels Roaming Charges across Europe Starting from November 1, the company Latvijas Mobilais Telefons (LMT) cancels all restrictions on calls across Europe. Read more
 
24/10/16
The Competition Council will Verify the Transaction on Merging of DNB and Nordea Banks The Competition Council (CC) received the news about the transaction, in the result of which the company Indy AB will get a decisive influence in the banks of DNB and Nordea in the Baltic States. Read more
 
17/10/16
Businessmen Believe that Latvia should Consider Importation of Guest Workers The country needs to think about the guest workers as solving the problem of labour shortages, said today businessmen at a press conference of SEB Bank according to survey results of financial directors of large companies. Read more
 
10/10/16
By 2020, the Harbours of Latvia may Lose All Cargos from Russia All Russian cargos, which are currently handled at the harbours of the Baltic States, must be reoriented to the Russian harbours by 2020. Read more
 
30/09/16
Latvia is Trying to Find Replacement for Russian Oil Latvia wishes to become a member of the transport project “New Silk Road”, taking into account the decision of the Russian company Transneft to stop the export of oil through the Baltic ports by 2018 Read more
 
21/09/16
Most Latvian Employers Lack of Skilled Employees Latvian employers have serious problems with the availability of labour force - 70% of them constantly, frequently or quite often do not have enough skilled employees, and 85% cannot find the employees who would be rated as “good” ones by the company, according to a survey conducted by the Employers' Confederation of Latvia (LDDK). Read more
 
14/09/16
The Food and Veterinary Service Found Old Sweets Delivered to the Largest Stores of Latvia The Food and Veterinary Service (FVS) found out that a large-scale overlabeling of food products with expired expiry date is carried out at the warehouse of the company Triom in Jelgava. The Service discovered almost ten tons of various sweets - candies, chocolate, cookies with expired expiry date. Read more
 
05/09/16
Import of Cigarettes in Latvia Increased for a Quarter within Seven Months Latvia for the first seven months of this year imported 2.835 billion cigarettes, which is for 25% more than in the same period of 2015, according to the data of the Office of Excisable Goods of the State Revenue Service. Read more
 
25/08/16
Reducing the Number of Banks Has Been Explained by the Limited Growth Opportunities Since 2008, quite a lot of banks left the market of Latvia, but due to the limited economic potential these trends will continue in the coming years, said President of the Association of Latvian Commercial Banks Martins Bichevskis in an interview to the Latvian Radio. Read more
 
16/08/16
Dairy Farmers and Pig Breeders will be Able to Change the Type of Activity without Sanctions The appropriate changes in regulations are made and mandatory deadlines of supervising the implementation of projects co-financed by the EU are reduced in order to facilitate complicated procedure when dairy farmers and pig breeders want to reorient to other agricultural activities because of the crisis. Read more
 
09/08/16
In Italy, the Branch of the Latvian Bank “PrivatBank” is Closed The Central Bank of Italy said today that it has begun to take actions to close the Latvian branch of the credit institution “PrivatBank” on its territory, since this financial institution has violated regulations governing the prevention of money laundering, said the agency Reuters. Read more
 
01/08/16
Differentiated Tariffs for Electricity: Who will Pay More? Today new tariffs for distribution service component of electricity come into force, making payments for the consumed electricity, which provide the introduction of a fixed monthly fee to all electricity consumers. Low-income users will be compensated the increase of electricity bills. Read more
 
25/07/16
Latvians are more likely to be refunded the overpayment of taxes In the first half of the year, the amounts of personal income tax (PIT) have grown by 60.8%, refunded to the people by the State Revenue Service, said Acting General Director of the State Revenue Service Dace Peleka at today`s press conference. Read more
 
18/07/16
"Coface": Global Business Risks Reached the Highest Possible Level The international credit risk insurance company “Coface” raised its estimate of Latvia to A4 in the rating of business environment of countries. Despite the fact that the rating has improved for a number of European countries as well, the overall level of risk in the world reached a record high level. Evaluation of business environment of the world's largest economies - the US and China - has deteriorated. Read more
 
18/07/16
The Shopping Mall “Domina Shopping” Changed its Owner EfTEN Kinnisvarafond II Real Estate Fund bought the shopping mall Domina Shopping in Riga from the company KanAm Grund Group for 74.5 million euro, have informed BNS its representatives. Read more
 
05/07/16
It is unprofitable to Build Apartments of Economy Class in Latvia People in Latvia want to buy residential property, but they usually choose apartments of economy class, the final price of which is so minimized that this cannot not to affect the quality of construction. It is unprofitable to build apartments of economy class in Latvia in small amounts, said the owner of the real estate company “Vestabalt” Aldis Plaudis in an interview with LETA. Read more
 
22/06/16
Economist: Due to the Exit of the UK from the EU Woodworking Industry in Latvia Will Suffer the Most Although the direct impact of the exit of the UK from the EU on Latvian export will not be huge, because export to this country is 5% of the total volume, the effects may be felt by particular industry - woodworking, for which the United Kingdom is an important market, said to the LETA agency an economist of Swedbank Martins Kazaks. Read more
 
15/06/16
The SRS Discovered Fraud with Customs Duties for Hookah Tobacco Customs officers of the State Revenue Service (SRS) found fraud with customs duties while importing of the hookah tobacco cargo from Lithuania, have informed the Department of Public Relations of the SRS to BNS. Read more
 
08/06/16
Affordability of Residential Property has Improved in the Capitals of the Three Baltic States According to the Swedbank index that determines the affordability of residential property, in the first quarter of this year this index in Tallinn in comparison with the previous year has improved the fourth quarter in a row. The net salary of the inhabitants of the capital of Estonia in the first quarter grew by 8.5% in the annual comparison and is much higher than the growth of apartment prices. Read more
 
01/06/16
Starting from June 1 Banks will Verify the Customers with Respect to Political Importance Starting from June 1 banks and other institutions that provide financial services will find out, whether the customer is a politically important person or not in Latvia, a member of such person's family or closely related to him before starting relationships with new customers. Read more
 
30/05/16
ABLV Bank Was Fined for 3.17 Million Euro The Financial and Capital Market Commission (FCMC) has fined the second largest bank in terms of assets in Latvia - ABLV Bank for 3.17 million euro for violations found by the Commission during the inspection Read more
 
24/05/16
The Turnover of the Fishing Industry will Drop by at Least 50% The drop in the fishing industry's turnover in Latvia will be not less than 50% this year – such a forecast was expressed by the Chairman of the Board of the Latvian fish processing plant Brīvais Vilnis Arnold Babris to the BNS Agency. Read more
 
17/05/16
The Latvian Lido Plans to Open 100 Restaurants in Germany in Five Years Latvian catering company Lido plans to open 100 restaurants in Germany in five tears, said to journalists its representatives on Tuesday. Read more
 
10/05/16
The Advertising Market in the Baltic States Increased by 3% in 2015 Last year, the advertising market in the Baltic States increased by 3.1% - up to 270.9 million euro, according to the data of market analysis conducted by marketing research and media monitoring companies TNS in Lithuania, Latvia and Estonia. Read more
 
03/05/16
20.9 Million Euro will be Allocated to Increase the International Competitiveness of Latvia in the Field of Tourism Starting from Monday, the Investment and Development Agency of Latvia (LIAA) begins to conclude the contracts to provide support in the framework of the project “Promoting of the International Competitiveness of Latvia in the Field of Tourism”. Read more
 
19/04/16
Microsoft Invented the “Infinite USB Flash Drive” The Microsoft Corporation found a way to create a data storage device that can store a virtually unlimited amount of information for any long period, reports The Next Web. Read more
 
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