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Sunday, 19.05.2013, 21:26
PMs of Latvia and the Czech Republic see opportunities to increase economic cooperation between countries17.05.2013
On May 17, during the meeting of Prime Minister of Latvia Valdis Dombrovskis and Prime Minister of the Czech Republic Petr Nečas, both officials shared the opinion that the relations of the two countries should focus on increasing mutual trade and exchange in investments, informs BC press secretary to the Prime Minister Mārtiņš Panke.
Keyword tags: Economics, Energy, EU – Baltic States, Financial Services, Investments, Latvia, Legislation, Markets and Companies
Excise tax revenue from alcoholic beverages (excluding beer) increased 9% in the first three months of 2013, compared to the respective period in 2012, informs LETA/Nozare.lv.
Lithuanian state budget collects around LTL 25 billion (EUR 7.25 billion) every year. A significant share of it is an income tax. Both last year and this year (2012 and 2013) around LTL 1.2 billion (EUR 348 million) of it will be collected, informs LETA/ELTA, referring to Respublika.
Estonian financial group LHV Group acquired on Thursday 50 plus one share in Lithuanian leasing company Snoras Lizingas; the rest of the shareholding was acquired by Lithuanian investment company RAZFin, LETA/ Postimees Online reports.
The excess foreign trade balance was offset by the growing income balance deficit; therefore, in March 2013, despite a one-third decrease, the current account balance (CAB) recorded a deficit, the Bank of Lithuania said in a statement, writes LETA.
An analysis by the Estonian justice ministry indicates that criminal proceeds worth 1.9 million euros was confiscated in 2012, over a half of it in proceedings connected to narcotic substances, LETA/Public Broadcasting reports.
"At the moment, it would be inconsiderate to plan additional expenditures in the national budget amendments," Bank of Latvia President Ilmars Rimsevics told reporters yesterday, writes LETA/Nozare.lv.
According to the Ministry of Finance, the Estonian state budget collected revenue of 1.64 billion euros in the first three months of the year, writes LETA/Postimees Online. This is 21.9% of the total amount planned in the 2012 budget.
The European Commission's post-program surveillance mission notes in a report that there are serious shortcomings in the reforms being implemented in Latvia, and says that the European Commission will keep a close eye on these reforms, informs LETA.
The Bank of Latvia Council today resolved to leave the interest rates and minimum reserve requirement set by the Bank of Latvia unchanged, the central bank's president Ilmars Rimsevics told a press conference today. The Bank of Latvia refinancing rate remains unchanged at 2.5%, writes LETA/Nozare.lv.
On May 12, the Lithuanian Customs officers detained at Lavorikes road, according to preliminary data, the largest smuggled drug shipment in the Lithuanian history, the authority said in a report, cites LETA/ELTA.
The Corruption Prevention Bureau (CPB) today is carrying out a search of the Riga City Council's Transportation Department, LETA found out from the department itself.
The Prosecutor General's Office has charged a sixth person in the Daimler bribery affair – businessman Sergejs Zambers. The prosecutor on the case Velta Zaluksne told LETA that Zambers has been charged for complicity in large-scale money laundering of about EUR 540,000 (LVL 379,000).
KPMG Baltics, the administrator of defunct Latvijas Krajbanka, recovered LVL 4.735 million worth of the bank's assets in April 2013, informs LETA/Nozare.lv.
The Latvijas dzelzcels Railroad Company will in the near future have to replace its locomotives for wear and tear, and the company is now considering a switch to electric trains. If money is invested in diesel trains, the railroad electrification project will have to be shelved for thirty years, the former "Estonian Railroads" head, now Latvijas dzelzcels Chief Engineer Kaido Simmermann says in an interview with the Nozare.lv business portal, cites LETA.