EC to ask Bulgaria to explain Russian sanction loophole
The European Commission (EC) will open an investigation against Bulgaria for allowing a Russian oil company to exploit a loophole in European Union…
Category: Business
Week in Lithuania | E-mail threat messages flood Lithuanian schools; teachers’ trade union puts off strike until late November
Last week, Foreign Minister invited Egypt to open embassy in Vilnius; Wizz Air, Ryanair cancelled flights from Vilnius to Tel Aviv Military to…
Latvia’s labour market should be opened for foreign workers, says minister
Latvia’s labour market will need to be opened for foreign workers, because there is a shortage of workers in our country, said Minister…
Stevedoring companies object to raising excise rates for freeports and special economic zones
Latvian Stevedoring Company Association (LSA) comments that the tax policy proposals suggested by the Ministry of Finance and approved by the government for…
Latvijas Radio: ZZS “forgets” about its own proposal to reduce VAT for food products
“Last year the Union of Greens and Farmers (ZZS) submitted to the Saeima the proposal to reduce VAT for multiple food products twice….
Mortgage interest payments may be included in “justified expenses”
To implement focused support for Latvian households whose mortgage interest have increased significantly recently, one of the suggested solutions is the inclusion of…
Wage growth in Latvia – the most rapid in the past 15 years
The average monthly wage growth – for an employee working in the same post for a long time – in Latvia has reached…
ABH Holdings sells Alfa-Bank Russia; final approval from the Cyprus regulator still coming
ABH Holdings S.A. (ABHH) has sold Alfa-Bank Russia, taking another step towards exit from the Russian market entirely. The completion of the sale…
European Central Bank increases interest rates once again
During their meeting in Frankfurt on Thursday, the 14th of September, the Council of the European Central Bank (ECB) decided to increase interest…
