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….
Category: Business
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…
Latvian VID commences criminal proceedings over circumvention of anti-Russian sanctions
Latvia’s State Revenue Service (VID) has commenced a total of 201 criminal proceedings over circumvention of anti-Russian and anti-Belarusian sanctions, as journalists were…
In 2022 oil shale electricity production has seen increment
According to Statistics Estonia, power plants produced 8 910 gigawatt hours (GWh) of electricity and 5 074 GWh of heat in 2022. Compared…
Ministry of Finance: weak foreign demand reduces exports of Latvian goods
In recent months there has been a tangible rapid drop of foreign demand, which has had a negative impact on the development of…
Inflation is over and will continue at the same time, expert says
Disinflation comes with heating, writes Luminor Bank’s Pēteris Strautiņš, commenting on changes to consumer price in August, when their level in Latvia was…
