The Port of Ventspils handled in January-November over 10 million tons of cargo, down by 15.2% YoY, the port authority’s statistics showed. In the eleven-month period Ventspils terminals handled 5.62 million tons of liquid bulk, 2 million tons of dry bulk and 2.45 million tons of general cargoes. The harbour master office reported 1,085 calls,…
So far no one in the ruling coalition in Latvia has voiced any objections against reduction of VAT rate for electrical energy and natural gas. However, it is necessary to reach an agreement on specific solutions, said Minister of Economics Janis Vitenbergs has said. The minister said one of the issues that required the government…
From January 1, 2022 Tariffs of AS Latvijas Gaze for households will increase by 54.2% to 93% depending on consumption volumes, according to the official entry in the Latvian Herald. For households that consume up to 250 cubic meters of gas the differentiated end tariff with VAT and excise tax for the first half-year of…
On December 9, the Saeima passed in the first reading amendments to the Law on Excise Tax. The goal of these amendments is reducing excise tax for natural gas, improving accessibility of gas refueling stations for vehicles powered by gas, as well as developing gas infrastructure. The goal of amendments to the Law on Excise…
Compared to November 2020, the average level of consumer prices increased by 7.5% in November 2021. The greatest pressure on the average price level changes in November 2021 compared to November 2020 was put by the rise in prices of goods and services related to housing, goods and services related to transport, prices of food…
On December 6, EU Employment, Social Policy, Health and Consumer Affairs Council passed a historic agreement on the European Commission’s proposed directive on adequate pay in the EU, as reported by Latvian Ministry of Welfare. Considering the directive’s proposed mechanism for calculation of minimal wage, it may have to increase from the current EUR 500…
According to information from Lursoft, currently there is EUR 18.7 million of investments from Belarus registered in base capital of Latvian enterprises. In total, there are 727 investors from Belarus registered in Latvia. These people have invested funds into base capital of 718 businesses. The December 2 regulation issued by the Council of Europe regarding…