International Internet Magazine. Baltic States news & analytics
Thursday, 12.12.2019, 14:25
Labour costs are one of the main factors affecting consumer prices of goods and services, according to our recent research*. When the average wage increases by 10%, the consumer price level in Latvia rises by 3% in the medium term; moreover, three fourths of the pass-through take place during the first year after the wage rise.
Keyword tags: Analytics, Economics, Financial Services, Latvia, Wages
FCMC fines PrivatBank EUR 1 million for violations of Money Laundering and Terrorism and Proliferation Financing Prevention Law18.09.2019
The board of the Financial and Capital Market Commission (FCMC) has imposed a fine of EUR 1.019 million on PrivatBank for violations of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, the FCMC Communications Department informed LETA.
Academic trade unions in Estonia are to hold demonstrations in support of increased funding of higher education and research to be held in Tallinn and Tartu at noon on Thursday, reported LETA/BNS.
Coop Pank is on schedule with its plan for going public and the initial public offering (IPO) of shares might take place already later this fall, reported LETA/BNS.
Tallinn Deputy Mayor Vadim Belobrovtsev on Wednesday hosted a delegation of the city government of Moscow, which is visiting Estonia and Latvia this week to strengthen cultural and professional ties.
Apex Alliance Hotel Management is planning to open another international brand hotel in Riga in one-and-a-half - two years, as Apex Alliance Hotel Management head Gerhard Erasmus told reporters today at the opening of Hilton Garden Inn Riga Old Town, the first Hilton hotel in Riga, infor,ed LETA/BNS.
The Riga City Council's Finance and Administration Committee today endorsed the idea of introducing a tourism tax in Riga, with plans to bring an additional EUR 3 million a year into the municipal budget, LETA found out.