The highest proportion of tax debtors in Latvia is found in furniture manufacture and public catering sectors, according to a study performed by Lursoft. The study reveals that the total size of tax debts of companies reaches EUR 611.75 million and more than 39,000 are found among tax debtors in the country. This means one-fifth…
The council of the Latvian state energy giant AS Latvenergo has been removed by Economy Minister over lack of productivity. Yet its members have stated they are satisfied with the achievements of their work. Latvian Economy Minister Ralfs Nemiro (KPV LV) removed the council of the state capital company on June 19. Nemiro thanked council…
In April the foreign trade turnover of Latvia was 9.5% larger than a year ago, of which the exports value of goods was 2.9% and imports value of goods 15.3% higher, show provisional data of the Latvian Central Statistical Bureau. According to data published by the body, in April Latvia exported goods in the amount…
Freight volume handled in the Port of Liepaja in January-May fell by 2.7% YoY, to 3,067,300. In the reporting period, transshipment of grain fell by 21.3%, to 1,081,300 tons, while that of anthracite grew by 8%, to 267,800 tons, construction materials – by 45.2%, to 380,000 tons, and oil products – by 1.5%, to 162,200…
Until all problems with Rigvir medication have been resolved, State Agency for Medicines (SAM) has decided to put its registration on hold. SAM explains that several quality defects have been found for several Rigvir medication series this year. This is why the decision was made to halt its distribution. The company that has registered Rigvir…
In the first 15 years after construction of Latvia’s new National Acoustic Concert Hall it will earn Latvia’s national economy a total of EUR 107.6 million, fully compensating investments and creating additional profits of EUR 17.6 million, as concluded in Latvia’s Culture Ministry’s ordered social-economic analysis. According to estimates, the concert hall project’s economic viability…
U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) distances from Latvian Finance and Capital Market Commission’s (FCMC) statement regarding the coordinated liquidation model for ABLV Bank, as noted by the US Embassy in Latvia. FCMC had previously reported that after meeting with representatives from FinCEN the committee saw no obstacles for the execution of FCMC’s…