Daily magazine about Latvia www.latviannews.lv
He that is of the opinion money will do everything may well be suspected of doing everything for money.
Benjamin Franklin
www.freecity.lv
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254

Latvian companies in Vietnam to be provided with a stable tax system

Latvian companies working in Vietnam will be provided with a stable tax system that will not be affected by amendments of Vietnam’s regulations. This is provided by Saeima Foreign Affairs Committee’s conceptually supported on Wednesday, 9 May, as confirmed by Saeima’s press-service.
233

Proportion of envelope wages in Latvia’s construction sector dropped to 32.1% last year

The proportion of grey economy in Latvia’s construction sector dropped in almost all field last year. For example, while the proportion of envelope waged in 2016 was 34.6%, last year it dropped to 32.1%, says manager of the Partnership of Latvian Construction Entrepreneurs Baiba Fromane.
247

Fitch ratings to Baltic states at 'A' grade with stable or positive outlook

Fitch Ratings, the American credit rating agency, has set its long-term rating of all three Baltic states at the ‘A’ grade, as its evaluation of Estonia’s finances has been announced last week.
233

Coca-Cola HBS limits sales of sweetened drinks near schools in Baltic States

One of the largest Coca-Cola drinks producers – Coca-Cola Hellenic Bottling Company – has decided to expand existing restrictions on the sale of sweetened beverages in primary schools. From now on, restriction to sell such drinks will apply to all secondary schools in all three Baltic States. This decision was made to help reduce the growing sugar consumption among children, explains Dace Dricka, head of Coca-Cola HBC public relations office in Latvia.
405

Baltic States approve Rail Baltica project’s design guidelines

Ministry of Economic Affairs and Communications of Estonia, Ministry of Transportation of Latvia and Ministry of Transportation and Communications of Lithuania have approved the Design Guidelines for Rail Baltica, the common design standard mandatory for design, construction and operations of the Rail Baltica infrastructure, as conformed by RB Rail representative Ilze Rassa.
256

Cargo turnover of Baltic ports down 6.7% in Q1 2018

In Q1 2018 Baltic ports received and sent 37.268 million tonnes of cargoes, which if 6.7% or 2.676 million tonnes than was handled in the same period of 2017, according to data from Lithuanian Department of Statistics.
334

Retail trade turnover in Latvia up 6.5% in March

Compared to March 2017, the total retail trade turnover rose by 6.5 % in March 2018. Turnover of retail trade in food products has increased by 6.8 %, turnover of retail trade in non-food products by 6.0%, and turnover of retail sale of automotive fuel by 7.3 %.
345

Danske Bank to gradually cease servicing Baltic clients

In Baltic States, Danske Bank plans to focus solely on providing support to subsidiaries of Nordic clients, as well as global corporations with a considerable business portion in Nordic countries. Leaving private persons and local businesses servicing sector will be performed in a gradual manner, as reported by acting manager of Danske Bank’s Communication Office in Latvia Zane Strade.
389

Level of prices of agricultural products in Latvia grew 11.6% in 2017

The total price index of agricultural output in 2017 had increased by 11.6 %, which was mainly due to the rise in prices of livestock products of 25.8 %. The price index of crop products grew by 2.2 %.
402

Latvian residents spend an average of EUR 81 on cosmetics every year

Latvian residents spend an average of EUR 81 on cosmetics every year, which is one of the lowest indexes in Europe. Compared to other Baltic States, Latvian residents spend less money on cosmetics, according to data compiled by Latvian Cosmetic Manufacturers Association.
Photo
Staro Rīga Light Festival
Staro Rīga offers an international programme of light and multimedia installations. Buildings, squares, bridges and monuments turn into unique pieces of light art, supplemented by performance art and musical and theatrical elements.
Entertaiment & Arts

Vivid selection of Latvian culture on offer in Tartu for 9 days

The Estonian city of Tartu is hosting nine days of selected Latvian culture events up until the centennial of Latvia on November 18. The events begun on Friday with the opening of the photography exhibition by internationally acclaimed photographer Zaiga Šteina.