Date: 16.11.2020.

International Internet Magazine. Baltic States news & analytics Saturday, 28.11.2020, 12:56

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Self-employed in Latvia that earn less than minimum wage to pay 10% in taxes

Self-employed in Latvia that earn less than minimum wage to pay 10% in taxes

16.11.2020

As of the year 2021, self-employed people in Latvia that earn less than the minimum wage will be paying 10 percent of their income in taxes, the government coalition decided today, informs LETA,

Keyword tags: Financial Services, Latvia, Legislation, Markets and Companies, Taxation



It is too early yet to say how the second wave of the virus will affect the labour market

It is too early yet to say how the second wave of the virus will affect the labour market

16.11.2020

Unemployment rose to 7.7% in the third quarter from 7.1% in the previous quarter as people returned to the labour market. The number in employment was higher too than in the previous quarter, and the rise exceeded the usual seasonal summer increase.

Sufficient power capacity would cost up to EUR 130 mln for Lithuania

Sufficient power capacity would cost up to EUR 130 mln for Lithuania

16.11.2020

As Lithuania is getting ready to disconnect its grid from the post-Soviet system by 2025 by synchronizing it with the Western European system and increasing local power production, the country's government is set this week to endorse rules to ensure power production or storage capacity, writes LETA/BNS.


Summer brings a rebound in economic activity: will it last?

Summer brings a rebound in economic activity: will it last?

16.11.2020

Against the background of the second wave of the pandemic, good news might sound like an echo from the past or another reality, and it may seem almost inappropriate to speak about growth. However, following its slowdown in the second quarter, economic activity was expected to recover in the third quarter when the social restrictions were relaxed. This was also suggested by the available monthly data, for example, the dynamics of the manufacturing output, turnover changes in the trade subsectors, exports of goods, the first-time registration of vehicles, as well as the sentiment survey data.

Bank of Lithuania: Paysera LT fined for violations of anti-money laundering and terrorist financing requirements

Bank of Lithuania: Paysera LT fined for violations of anti-money laundering and terrorist financing requirements

16.11.2020

Bank of Lithuania imposed the fine of EUR 370 thousand on the electronic money institution Paysera LT for infringements of the Republic of Lithuania Law on the Prevention of Money Laundering and Terrorist Financing.


16.11.2020

NAPA Baltic 2020 Winners Presented in a Virtual Exhibition

23 designs were recognized at the annual Baltic Packaging Design Awards NAPA Baltic, with 7 of them awarded the highest, gold prize. The Awards were organized by the Lithuanian Design Association, which introduces the winners in a unique virtual exhibition.

16.11.2020

Agricultural cooperatives Latraps and VAKS to invest EUR 75 mln in new pea protein plant

Latvian agricultural cooperatives Latraps and VAKS have attracted a strategic partner and raised funds from international and local financial institutions to set up a new company, ASNS Ingredient, in order to build a new split pea protein plant with EUR 75 million, ASNS Ingredient head Raivis Zabis informed LETA.

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