BB.lv: Clients Lose, Banks Find: Latvian Depositors Make Fraudsters Rich

During the same time, clients of just four local banks (Swedbank, Luminor, SEB and Citadele) lost more than 8 million euros. Profitable business The total assets of monetary financial institutions as of 31 May 2024 amounted to EUR 28.248 billion, up 5.4% or EUR 1.44 billion from the end of May 2023, when assets amounted … Read more

Riga City Council to Go into Tens of Millions in Debt to Build Bridge

These funds are planned to be provided in the process of developing the draft law on the budget for 2025 and the budget framework for 2025-2027, with EUR 29.188 million planned to be allocated in 2025 and EUR 6.884 million in 2026, provided that the Riga City Council repays previously received loans in at least … Read more

The higher the electricity bills, the more the head of Latvenergo earns

Last year, the Chairman of the Board of JSC Latvenergo, Mārtiņš Čakste, received a salary of 201,007 euros, which is 32.4% more than in 2022, according to the official declaration for 2023 he submitted. Last year, Čakste also sold real estate for 325,000 euros and received 7,627 euros from business and commercial activities. The declaration … Read more

The EU loses greater than a billion euros a 12 months as a result of piracy

Piracy stays widespread within the EU. Nonetheless, based on annual research carried out by the EUIPO, there’s a downward pattern. In 2022, 52% of younger folks in Europe stated that they had purchased counterfeit items, and 37% had completed so greater than as soon as. In Estonia, two years in the past, 31% of younger … Read more

The Latvian State Audit Workplace introduced disagreeable information relating to Rail Baltica

In line with the Nationwide Audit Workplace, bills for Estonia have elevated since 2017 from 1.35 billion euros to 4.03 billion euros, for Latvia – from 1.97 billion euros to 9.59 billion euros, and for Lithuania – from 2.47 billion euros to 10.23 billion euros. The report notes that the primary dangers of the challenge … Read more

New AI-based microbiological evaluation instrument and launch of a partnership with Soufflet Vigne for Alimpex

A double blow for Alimpex, a subsidiary of CDM, which pronounces a collaboration with Biomire for a brand new evaluation methodology based mostly on AI and a nationwide partnership with Soufflet Vigne for the distribution of its merchandise. L Synthetic intelligence continues to shock us. This time, she helps with cellar hygiene with Nomad, a … Read more

what is going to occur to the size of service for calculating the Latvian pension

I lately realized that if taxes are paid on an quantity that’s lower than the minimal wage established within the nation, the years labored usually are not taken into consideration within the insurance coverage interval, and they’ll additionally not be taken into consideration when calculating a pension. Is that this actually true? bb.lv reader” Vita … Read more

Turnover of Latvian State Roads decreased within the first quarter

On the similar time, the corporate’s whole income for the primary three months of 2023 amounted to 4.29 million euros, which is 5.2% lower than within the first quarter of final yr. The administration assertion of the monetary report indicated that within the first quarter of this yr, 99.6% of the corporate’s whole revenue, or … Read more