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…
Category: Business
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…
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…
