International Internet Magazine. Baltic States news & analytics
Tuesday, 06.12.2016, 19:51
ithuania's largest haulage companies are investing in establishment of own rest areas for their drivers in Western Europe in response to stricter regulation of drivers' rest procedures and lack of space in public truck parking areas, vz.lt news portal said on Monday, reports LETA/BNS.
Keyword tags: Cargo, EU – Baltic States, Law and Regulations, Lithuania, Transport, Truck haulage
EUR 140 mln is lost in Latvia each year because of counterfeiting and piracy, which makes up 15.7% of all sales in Latvia, according to studies carried out by the European Union Intellectual Property Office (EUIPO) through the European Observatory on Infringements of Intellectual Property Rights. As a result, 2,500 jobs are lost in Latvia every year, the EUIPO told LETA.
Investment activity in Latvia remains low, according to FICIL Sentiment Index 2015-2016 "Development of the investment climate in Latvia: the viewpoints of foreign investors" presented by the Foreign Investors' Council in Latvia (FICIL) on Monday.
President Raimonds Vejonis today returned the amended Law on Microenterprise Tax to Saeima for revision. The president believes that the regulation offered by Saeima is flawed and contradicts earlier decision on which entrepreneurs and society had counted, LETA was told at the president’s office
The planned reform of micro enterprise tax, which is charged on small enterprises in Latvia, will be postponed until a new alternative regulation is adopted, Prime Minister Maris Kucinskis (Greens/Farmers) and Economics Minister Arvils Aseradens agreed with the Latvian Chamber of Commerce and Industry (LCCI) on Friday, BC told LCCI representative.
The Latvian financial watchdog, the Finance and Capital Market Commission (FCMC), has adopted regulations that the banks will have to follow when preparing and submitting to the FCMC information about customers and their transactions, reports LETA.
The Financial and Capital Market Commission (FCMC) has imposed a EUR 1.4 mln fine on Swedbank for a failure to ensure a proper control of its clients’ transactions, FCMC representative Laima Auza told LETA.