RIGA, Dec 5 (LETA) - Today, the Cabinet of Ministers approved the 2012 national budget bill which will be submitted for review in Saeima tomorrow. Budget deficit, calculated pursuant to ESA methodology, will not exceed 2.5 percent of gross domestic product next year.
Consolidated budget revenue next year is projected at LVL 4.516 billion, whereas expenditures - at LVL 4.641 billion. Master budget's revenue is projected at LVL 3.262 billion, expenditures - at LVL 3.253 billion. |
RIGA, Nov 22 (LETA) - State Police Chief Ints Kuzis reported today that the money discovered missing at "Latvijas Krajbanka" totals about LVL 100 million.
Kuzis confirmed that "Krajbanka" CEO Ivars Prieditis has been ordered held in custody, but detained are all of the bank's board members, whose complicity in the affair is being determined. "Krajbanka" co-owner Vladimir Antonov has been classified a suspect in the case, and a decision will come soon whether he will be sought and a warrant served. |
On November 18 was marked Latvia's anniversary of proclamation of its independence.This birthday of Latvia was celebrated with a lot of different activities - a Military Parade in the morning, putting flowers at the Monument of Freedom, a Tourch Procession through the Riga Old Town gathering thousands of young people and families with children and other cultural events. |
RIGA, Nov 5 (LETA) - During a closed session on Friday, the government agreed on the first consolidation measures for next year's budget, Prime Minister Valdis Dombrovskis (Unity) informed members of the press.
The government hopes to obtain an additional LVL 26 million in implementing further anti-shadow economy measures. Latvia also hopes to obtain LVL 25 million from selling its emissions quotas. The Defense Ministry's expenditures will be reduced by LVL 1 million, the Transport Ministry's expenditures by LVL 15 million, whilst the Culture Ministry's expenditures by LVL 2.5 million. |
The DCCL participants of the Nordic Bowling Tournament 2011 standed out this year.
The team of Danske banka (players - Imants Ģērmanis, Rihards Gulbis, Ilze Fortiņa, Oskars Dzerkals) with 1169 points for 2 rounds won the cup among 22 teams. The 2nd place with 1078 points took Gjensidige team, the 3rd place with 1054 points - Plockmatic team. |
The well known Danish Rødovre Concert Band is giving a concert at Valmieras Culture Centre on October 19 at 19:00. This is the only opportunity to hear their exciting concert program while the Band is in Latvia. |
Seminar New Scandinavian Design – changes and new trends from Sweden and neighboring countries will take place on 25 October, 10.00 in the Riga Art Space. Scandinavian design has for a long time been equivalent to plain minimalism but with the new trends also this changes. In this seminar Stefan Nilsson will point out the most important changes in trend categories that fall in themes like Howdy Cowboy, Made here and the glamorous and colourful trend Falcon Crest.
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RIGA, Oct 10 (LETA) - Unity, Zalters' Reform Party (ZRP) and the national alliance All For Latvia!-For Fatherland And Freedom/LNNK (VL-TB/LNNK) came to an agreement tonight after lengthy discussion on joining forces in a three-party government.
The three together will have a total of 56 votes in parliament. |
The new president of the national airline "airBaltic" must be found during the next few weeks, Prime Minister Valdis Dombrovskis (Unity) said in an interview with Latvian Radio today.
Dombrovskis believes that the airline's new president could be found during this period with the help of employment agencies. The airline's new president must have international experience and reputation. He will have two months to draft a plan on restoring the airline's profitability. |
The state, as major shareholder in troubled "airBaltic", is seriously considering establishing a new airline, therefore talks with potential investors are already taking place, as financial consultant "Prudentia" CEO Karlis Krastins revealed today, informs LETA.
Krastins could not say how much money will be required, but pointed out that the government right now is in a situation where it has to cover "airBaltic's" former and existing losses, and moreover it has to deal with the management "spider web" set up by Bertolt Flick. Besides, it is more than likely that the airline's other shareholder - "Baltijas aviacijas sistemas", has zero resources and cannot invest in "airBaltic's" share capital. Therefore, a new airline is a logical solution.  |
