International Internet Magazine. Baltic States news & analytics
Tuesday, 01.12.2015, 00:25
Today, Saeima in Latvia supported in the final reading an amendment introducing differentiated non-taxable minimum income and lifting tax allowances for adult dependants, informs LETA.
Keyword tags: Financial Services, Latvia, Legislation, Taxation
Contrary to previous plans, the personal income tax rate will not be cut in Latvia in 2016 and will be left at 23%, Saeima decided on Monday, cites LETA/BNS.
Lithuania's financial institutions continue to see geopolitical tensions in the East and the lingering low interest rate environment as the key risk sources for the country's financial system, according to a survey published by the Bank of Lithuania on Monday, reports LETA/BNS.
In a meeting on November 27th with Maros Sefcovic, the European Commission's Vice President for Energy Union, Estonia's Minister of Economic Affairs and Infrastructure Kristen Michal hailed the commissioner's wish to reduce administrative burden and the number of reports between the Commission and the member states, informs LETA/BNS.
Standard & Poor's (S&P) ratings services has affirmed its 'A-/A-2' long and short-term foreign and local currency sovereign credit ratings on Latvia. The outlook is stable, informs LETA/BNS.
Estonia's Minister of Entrepreneurship Liisa Oviir supports the proposal to unite all state-run business support and development organizations made by the umbrella organization of employers, informs LETA.
In the first nine months of this year, the troubled assets manager Reverta retrieved EUR 22.5 million from restructuring troubled credits and selling real estate, reports LETA, according to Reverta’s unaudited financial report.
The Saeima Budget and Finance (Taxation) Committee in Latvia on November 27th agreed to increase salaries for ministers, the heads of Saeima groups and committees, parliamentary secretaries, as well as for the prime minister, informs LETA/BNS.
Latest data compiled by the Central Statistical Bureau (CSB) show that in the 3rd quarter of 2015 the average monthly gross wages and salaries in the country accounted for 829 euros. As compared to the 3rd quarter of 2014, they increased by 7.3%, which is a more rapid growth than in the 1st quarter (6.2%) and second quarter (6.4%)*.
The CEO of Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) says that Lietuvos Juru Laivininkyste's (Lithuanian Shipping Company, or LJL) bankruptcy is inevitable and that the shipping company's majority shareholder and SEB Bankas, its biggest creditor, have agreed to provide 1.2 million euros to ensure that the ships and their crews can safely return to European ports, informs LETA.
Total budget tax revenue in January-October 2015 in Latvia was EUR 5.9 billion, or 99.7% of the target, the Finance Ministry told LETA.
In the first nine months of the year 2015, joint-stock ABLV Bank posted EUR 60.4 million in profit, informs LETA, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange.
The ruling coalition today supported allocating EUR 4.3 million to support Turkey in solving the refugee situation, Interior Minister Rihards Kozlovskis (Unity) said after today's Cabinet meeting, informs LETA.
24,546 education and science workers in Latvia are on strike today, reports LETA, according to the Trade Union of Education and Science Employees' data.
According to the Bank of Estonia, the 7-% gross salary increase in the third quarter of the year shows that in spite of a deceleration of economic growth the most important indicators of the labor market are positive due to financial buffers collected by companies and very favorable interest rates, informs LETA/BNS.