For Latvian train company AS Pasazieru vilciens to buy 32 new electric trains, a contract with the Czech manufacturer Skoda vagonka has entered into force when the latter submitted a collateral security for the implementation of the contract, said a representative of the Latvian firm. Agnese Licite from Pasazieru vilciens said that now Skoda vagonka…
Due to the rapid rise of online casinos and the number of people learning the slot machine guide. Latvian coalition party representatives have offered to improve the fiscal space of the 2020 budget, for example, by introducing a fee on banks and raising the gambling tax on slot machines. On August 29 a meeting of…
Energy companies in Latvia produced 357,655 megawatt-hours of power in July, the lowest level of national power output since July 2018. This allowed to cover 64% of the Latvian electricity consumption, according to AS Augstsprieguma tikls (AST). The independent transmission system operator AST stated in its review of the power market on August 22 that…
Viktoras Pranckietis, the speaker of the Lithuanian Seimas, says Latvian Prime Minister Krisjanis Karins has reassured him that his country does not intend to purchase electricity from Belarus’ Astravyets nuclear plant under construction close to the Lithuanian border. “I met with the Latvian president, the chairwoman of the Saeima and the prime minister in Aglona…
The Deposit Guarantee Fund is sufficient to pay compensations to affected PNB Bank clients. This means not a cent from Latvia’s state budget will be used, said Latvia’s Finance Minister Janis Reirs. Reirs stressed that Latvia’s deposit guarantee system was secure and it was commendable that 99.2% of PNB Bank’s depositors would be able to…
Although the Latvian excise duty on strong alcoholic beverages has been cut by 15%, retailers haven’t yet lowered prices, as they are still selling the products purchased at the previous tax rate, Henriks Danusevics, president of the Latvian Traders Association, announced. Danusevics explained that retailers could start buying alcoholic beverages at the reduced tax rate…
In June foreign trade turnover of Latvia amounted to EUR 2.19 billion at current prices, down by 10.3% YoY, of which exports value of goods fell by 8.2% and imports value of goods by 11.9%. Latvia exported goods in the amount of EUR 982.9 billion and imported in the amount of EUR 1.21 billion, according…