Date: 01.09.2020.

International Internet Magazine. Baltic States news & analytics Tuesday, 22.09.2020, 04:28

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FinMin in Latvia proposes to scrap special tax regime for royalties

FinMin in Latvia proposes to scrap special tax regime for royalties

01.09.2020

The Finance Ministry in Latvia has proposed to scrap the special tax regime for royalties, informs LETA.

Keyword tags: Financial Services, Latvia, Legislation, Society, Taxation



Economists: Klaipeda port should cut reliance on East-to-West cargo flow

Economists: Klaipeda port should cut reliance on East-to-West cargo flow

01.09.2020

As authoritarian Belarusian leader Alexander Lukashenko continues to threaten to divert Belarusian cargoes from the Lithuanian port of Klaipeda to Russia, Luminor bank's chief economist Zygimantas Mauricas says the port needs to cut its reliance on the East-to-West flow, reports LETA/BNS.

Riga airport posts EUR 6.513 mln in H1 loss

Riga airport posts EUR 6.513 mln in H1 loss

01.09.2020

International Airport Riga in the first six months of the year 2020 turned over EUR 16.697 million, down 45.8% from the respective period last year, and the company posted EUR 6.513 million in loss in contrast to a profit a year ago, writes LETA, according to the information published by the company.


Annual increase of average wages and salaries in Latvia – 3.9%

Annual increase of average wages and salaries in Latvia – 3.9%

01.09.2020

Compared to the 2nd quarter of 2019, in the 2nd quarter of 2020 the average gross wages and salaries for full-time work increased by 3.9% or EUR 42 and comprised EUR 1 118.

Estonia to Host WRC Rally Next Weekend: Bet Online

Estonia to Host WRC Rally Next Weekend: Bet Online

01.09.2020

Estonia is all set to host the international FIA World Rally Championship for the first time when the 2020 series restarts on 4 September.


01.09.2020

Nordecon will build a new 300-seat barrack to Paldiski military base

Nordecon and the Estonian Centre for Defence Investment (ECDI) concluded a contract to design and construct a 300-seat barrack in the Paldiski military base. Construction works also include the construction of roads, fields and outdoor utility lines related to the barrack, and the design and construction of low-current systems. The cost of the contract is 4.3 mln euros, excluding VAT, Nordecon`s representative informed BC.

01.09.2020

In August business confidence indicator in Latvian retail trade has reached positive value

Seasonally adjusted data of business tendency surveys1 carried out by the Central Statistical Bureau (CSB) show that,in August 2020, as compared to July, business confidence indicators have improved in construction, retail trade and services sector, but slightly reduced – in industry.

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