Wed, 18 May 2011: Deadline approaches for arena completion…

There is better understanding. There was a list of additional jobs, things to be added for the arena, and it was necessary for the city council to make the decision to allocate additional money fo...

Wed, 6 Apr 2011: High fuel prices threaten economy…

“Excise and value-added taxes are being increased constantly, but we would like to also see activity to ensure that consumers have more money,” he explains. The government on March 2...

Thu, 17 Jun 2010: Energy prices keep heading higher…

It is necessary that we increasingly use renewable energy sources for electricity and heat production in order to ensure price stability and full use of Latvia’s natural resources,” sa...

Thu, 10 Jun 2010: Kampars wants 12 percent tax rate…

The new law is planned to come into force on July 1, 2010. Meanwhile, the Saeima’s Budget and Finance Committee, while examining the bill, after long discussions agreed to set a tax rate fo...

Thu, 10 Jun 2010: Company briefs…

Passenger numbers in the first few months of the year indicate that the decline is stabilizing. In terms of new destinations, Estonian Air is planning to launch the Tallinn-Athens route on July 5....

Wed, 5 May 2010: Transparency issues still plague business in Latvia…

This concerns not just the tax policy but also licenses, territorial planning and other factors,” said Slokenbergs. Although energy is a very important aspect in any business, the rules on...

Thu, 13 Aug 2009: Taking Counsel: Amendments to the Law on State and Local Government-Owne…

Such amendments henceforth restrict the commercial activities of subsidiaries established by government owned enterprises. For a number of years, laws which have been binding upon state-owned com...

Wed, 14 Jan 2009: Taking Counsel: Decision making at the board: diagnosis ’s disablement …

Before the amendment of Nov. 11, 2008 it stated that a decision of the board may be adopted and the meeting of the Board shall be valid if more than two thirds of all elected board members are pre...

Wed, 16 Jul 2008: Lithuania votes to keep currency board…

The spark behind the idea centers on frustration at the government's apparent inability to control rising inflation. The July 1 vote stipulated that the Bank of Lithuania should regain its power...

Wed, 9 Jul 2008: Politicians calling for discontinuation of currency peg…

The controversy began July 1, when the Lithuanian parliament adopted a resolution on "immediate measures to rein in the rise in prices and inflation." The resolution called on the government to ...

Wed, 6 Jun 2007: Mazeikiu Nafta CEO resigns, PKN Orlen eyes Latvian oil…

From July 1, Mazeikiu will have a new head," Kownacki said. "Of course the decision is up to the board of Mazeikiu, but if I had to point to a strong candidate, then that would be Marek Mroczkow...

Wed, 4 Oct 2006: Estonian Energy takes on Latvia…

1, 2007 until Dec. 31, 2011. In the words of the regulator's spokeswoman Zanete Luse, the company must start selling electricity in Latvia by July 1, 2007. Estonian Energy project manager Raul Kiv...

Wed, 8 Mar 2006: Latvia cuts sugar production by 8.6 percent…

Muceniece said if the mills transferred the sugar to next year, it would deplete working capital since the mills can't sell the sugar, only store it at their own expense. If the mills opted for ad...

Wed, 11 Jan 2006: Latvijas Gaze to seek higher tariff…

"The agreement we have with Russia has been signed only for a year. An agreement on the amount of gas deliveries is valid until 2015, but it is planned to sign a new agreement on the price with [R...

Wed, 11 Jan 2006: Legion of one-armed bandits subsides…

He said the halls had to be closed since they could not meet requirements of the new law, which state that the minimum number of gambling machines in a hall should be 20. The taxes and duties levi...

Wed, 5 Oct 2005: Tobacco company makes major turnaround…

During the next financial year, the company plans to continue investing in cigarette-brand marketing and develop cooperation with British American Tobacco, said Jansone. In the financial year 2003...

Wed, 6 Jul 2005: Russian calls to stop sale of Mazeikiu stir new controversy, anxiety…

As much as I have heard from the media, I think it is a contradictory action interfering in contractual affairs of another country," Adamkus told Parliament June 30."It has complicated the matter,...

Wed, 1 Jun 2005: Rare break for major gas users…

"The company will correct these mistakes," Loreta Kimutyte, head of public information department of the commission. "In line with legislation, for the prices to come into effect July 1 the compan...

Wed, 25 May 2005: Lithuanian Cabinet finalizes tax deal…

By 2008 the rate will return to the current 15 percent.Previously the political council had decided upon a controversial tax on corporate sales for a period of two years to make up for the road ta...

Thu, 10 Jul 2003: Gambling as good as gold…

Meanwhile, gambling companies reported receipts of 26.9 million litas in the first quarter, with winnings totaling 19.8 million litas. Thus, gamblers lost 7 million in the first three months of th...

Thu, 15 May 2003: In Brief - 2003-05-15…

Still, he lauded their efforts."This is a free promotion of the companies at the international market," Lauras Gaisrys said. (Baltic News Service)Next target: deboned meatELA, the association of ...

Thu, 28 Oct 1999: Lietuvos Kuras to be privatized for a song…

Lietuvos Kuras, which has over 120 filling stations in Lithuania, has been swimming in debt. A spokesperson at the country's State Property Fund confirmed that Lietuvos Kuras' liabilities came to ...

Thu, 8 Jul 1999: Summed up…

RIGA CITY COUNCIL READIES FINGER FOR DIKE: The Riga City Council will prepare a plan to eliminate deficiencies in money management identified by state auditors but has not set a target date for th...
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