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Category: Business

Stevedoring companies object to raising excise rates for freeports and special economic zones

28.09.2023 Ogres

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

28.09.2023 Ogres

“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”

26.09.202326.09.2023 Ogres

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

25.09.2023 Ogres

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

19.09.2023 Ogres

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

15.09.2023 Ogres

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

13.09.2023 Ogres

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

13.09.202313.09.2023 Ogres

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

12.09.202312.09.2023 Ogres

In recent months there has been a tangible rapid drop of foreign demand, which has had a negative impact on the development of…

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