International Internet Magazine. Baltic States news & analytics
Thursday, 23.05.2013, 01:26
Corruption Prevention Bureau: Latvian businessmen are tolerant of corruption
21.05.2013The Corruption Prevention Bureau informs that the risk of corruption in public procurement tenders is high, and the bureau has investigated, or continues investigating, at least 21 criminal cases that deal with public procurement tenders., informs LETA.
Keyword tags: Corruption, Financial Services, Latvia, Legislation, Markets and Companies, Shadow economy
Schneider: shadow economy in Latvia at 25.5% of GDP in 2013
16.05.2013The share of the shadow economy in Latvia is at 25.5% of gross domestic product (GDP) this year, according to estimates made by Johannes Kepler University of Linz professor Friedrich Schneider. According to the estimates, Lithuania's shadow economy at 28%, Estonia's – 27.6% of GDP, reports LETA/Nozare.lv.
Shadow economy in Latvia in 2012 reduces, but still ahead of Estonia and Lithuania
15.05.2013The shadow economy reduced to 21.1% of gross domestic product in Latvia in 2012, according a study on the shadow economy in the Baltic States presented at the Stockholm School of Economics in Riga today. The shadow economy grew to 18.2% of GDP in Lithuania and 19.2% in Estonia in 2012, writes LETA/Nozare.lv.
Europe's "black economy" shrank to 19% in 2012
07.05.2013Undeclared economic activity, the so-called "black economy", in Europe shrank last year to 19% of declared output from 19.3% in 2011, a study for the Visa credit card company indicated on Monday, writes LETA/AFP.
Butkevicius: corresponding institutions fight badly against the illegal economy
19.04.2013Lithuanian Prime Minister Algirdas Butkevicius announced that the level of illegal economy in Lithuania has become catastrophic, which might soon make one doubt the competence of heads of institutions fighting smuggling, informs LETA/ELTA, referring to Respublika.
Andrius Kubilius forms first shadow government in Lithuania
Lithuanian Seimas opposition leader, chairman of the Homeland Union-Lithuanian Christian Democrats Andrius Kubilius has formed his shadow government, the very first shadow government in the history of Lithuania, reports LETA/ELTA.
Estonian Tax Board starts reducing illicit economy
Estonian finance minister Jürgen Ligi approved of the Tax and Customs Board (TCB) development plan for the years 2013-2016, which sets the strategic aims and main action directions of the board, LETA/Postimees Online reports.
EU’s assessment of Latvian economic activity 
