Shadow economy

International Internet Magazine. Baltic States news & analytics Monday, 18.12.2017, 22:31

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FinMin: Latvia will continue fighting against shadow economy in construction sector

FinMin: Latvia will continue fighting against shadow economy in construction sector

14.12.2017

In a conference about taxes and taxpayers in Riga on December 13th, Finance Minister Dana Reizniece-Ozola (Greens/Farmers) said that the state will continue to fight shadow economy and under the table wages, informs LETA.

Keyword tags: Analytics, Construction, Financial Services, Latvia, Legislation, Shadow economy, Wages



Money laundering, shadow economy shrink in Latvia, problems with corruption, contraband remain

Money laundering, shadow economy shrink in Latvia, problems with corruption, contraband remain

13.12.2017

The latest data suggest that money laundering risks in Latvia have declined, yet corruption and contraband remain vital problems that need to be addressed urgently, according to the survey by the Latvian Chamber of Commerce and Industry on unobserved economy, corruption in the public sector and money laundering, informs LETA.

Dombrovskis commends Latvia’s progress in implementation of EU recommendations

Dombrovskis commends Latvia’s progress in implementation of EU recommendations

03.10.2017

Valdis Dombrovskis (Unity), the Vice President of the European Commission, during his meeting with Latvian Economics Minister Arvils Aseradens (Unity) praised Latvian government’s progress in implementation of the EU Council recommendations released in 2017, the Economics Ministry reported LETA.


Latvian FinMin: steep rise of minimum wage can fuel shadow economy

Latvian FinMin: steep rise of minimum wage can fuel shadow economy

25.07.2017

A steep rise of the minimum wage can fuel growth of the shadow economy but the State Revenue Service will clamp down on this illegal activity, Latvian Finance Minister Dana Reizniece-Ozola (Greens/Farmers) told journalists on July 24th, reports LETA.

Shadow economy in Latvia at 20.3% of GDP in 2016

Shadow economy in Latvia at 20.3% of GDP in 2016

10.05.2017

The proportion of shadow economy in Latvia was 20.3 % of the country's gross domestic product last year, which is one percentage point less than in 2015, according to study Shadow Economy in the Baltic Countries 2009-2016 writes LETA.


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