Date: 27.06.2020.

International Internet Magazine. Baltic States news & analytics Saturday, 04.07.2020, 05:03

General budget revenue plan in Latvia has been fulfilled by 91.8% in first five months - Finance Ministry

General budget revenue plan in Latvia has been fulfilled by 91.8% in first five months - Finance Ministry

27.06.2020

In the first five months of the year, EUR 4.709 bn were received in total budget revenue and the tax revenue plan was fulfilled by 91.8%, or the revenue was EUR 311.4 mln lower than planned, the Finance Ministry informed LETA.

Keyword tags: Budget, Financial Services, Latvia



Businesses remain cautious about making investment decisions

Businesses remain cautious about making investment decisions

27.06.2020

The coronavirus pandemic has inflated the economic crisis in Estonia and in the global economy in recent months and is dragging on the future outlook for businesses. Economic uncertainty has caused many long-term investments to be put on hold until more certain times. This is seen in the reduced need of companies to borrow to fund investment. In consequence the total volume of long-term loans and leases issued to companies in the month was even lower in May than in April at 134 million euros, which was some 40% less than before the crisis, meaning the average from April 2019 to March 2020. The volume of short-term loans issued was also a quarter smaller than usual. The continuing pessimism at companies is shown by the notable drop in car leases, which showed no sign of rebounding in May.

Three new Covid-19 cases registered in Latvia past 24 hours

Three new Covid-19 cases registered in Latvia past 24 hours

27.06.2020

Three new Covid-19 cases were registered in the past 24 hours, according to information from the Center for Disease Prevention and Control writes LETA/BNS.


Explosion in Vilnius was planned during daytime with people around – police rep

Explosion in Vilnius was planned during daytime with people around – police rep

27.06.2020

The bomb placed at the building housing international company in Vilnius last October did not go off but it could have caused major damage to the building and injured many people, Rolandas Kiskis, chief of Lithuania's criminal police, says LETA/BNS.

Braziulis appointed CEO of Lithuania's Achemos Grupe

Braziulis appointed CEO of Lithuania's Achemos Grupe

27.06.2020

Kastytis Braziulis, 57, has been appointed CEO if Achemos Grupe (Achema Group), one of the largest business groups in the country. He will replace Giedrius Jakubauskas, who has served less than a year, after the latter was recalled from the position, reported LETA/BNS.



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