LATVIA

Foreign interest strong in property market
Foreign interest strong in property market
TO THE LOWEST BIDDER: Changes to the Immigration Law have resulted in foreign interest in luxury pro...
RIGA - Five requests for residence permits in Latvia based on investments made in the country have been received since the new amendments to the Immigration Law came into force, says an article in the daily Latvijas Avize. The Office of Citizenship and Migration Affairs (OCMA) has already approved two of the applications, while three more are still being processed. Three of the applications were received from citizens of Russia, with one from Ukraine and another from Israel. OCMA spokesman Andrejs Rjabcevs explained that two of the foreigners applied on the basis of owning real estate in ...  Full story...
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  Zatlers warns of shadow economy threat...    Latvija in brief...    Latvia increasingly attractive for immigrants...    Breathing room for the budget...    ‘Day of Action’ politicized...    Latvija in brief - 2010-08-05...    Mikelsons continues innocence campaign...    Dombrovskis’ eight commandments...    Insolvency law may deepen financial crisis...    Embassies struggle for funds...  
 Aug 25, 2010 - Slesers doing God’s work...
Slesers doing God’s work
RIGA - The new Archbishop of Riga, Zbignevs Stankevics, does not support the introduction of mandatory Bible teaching in school, and is critical of the activities of the political alliance For a Good Latvia at the recent celebrations in Aglona, in eastern Latvia, according to the TV3 show Nothing Personal, reports news agency LETA. Stankevics also criticized Deacon of Aglona Cathedral Andrejs A...
 Aug 18, 2010 - World Bank president advises long-term reforms...
World Bank president advises long-term reforms
SIGULDA - Latvia needs to continue implementing structural long-term reforms to achieve recovery of the country’s economy, declared World Bank President Robert B. Zoellick in his three-day visit to the Baltic country last week. On his visit he met with Latvian President Valdis Zatlers and Latvian Prime Minister Valdis Dombrovskis (New Era), among others. The World Bank president arrived i...
 Aug 11, 2010 - Latvia increasingly attractive for immigrants...
Latvia increasingly attractive for immigrants
RIGA - Since the changes in the Immigration law were approved on July 1, two requests have been accepted from foreigners for residence permission for five years, in exchange for buying real estate in Latvia for an amount that reaches 100,000 lats (142,800 euros). Both applicants are from Russia, reports the Department of Citizenship and Migration. “There is no group of foreigners who wo...
 Aug 04, 2010 - Mikelsons continues innocence campaign...
Mikelsons continues innocence campaign
RIGA - Egons Rusanovs, the attorney for former electric utility Latvenergo chief Karlis Mikelsons, believes that the Corruption Prevention Bureau (CPB) exceeded its authority in the so-called Latvenergo money-laundering affair, and that Mikelsons will therefore turn to the European Court of Human Rights with a complaint, reports news agency LETA. Rusanovs, speaking on the LNT show ‘900 Se...
 Jul 28, 2010 - Insolvency law may deepen financial crisis...
Insolvency law may deepen financial crisis
RIGA - The parliament passed the controversial Insolvency law, which is aimed to help borrowers who find themselves in trouble with their finances. Banks are extremely unhappy with the new regulation and promise to raise interest rates for the new customers in order to cover expected losses. This could slow lending down even more in Latvia and make recovery of the economy more complicated, bank...
 Jul 28, 2010 - Winter of discontent ends...
Winter of discontent ends
RIGA - On the night of July 23, Riga Municipal Police officers dismantled and removed the so-called ‘tent village’ hard luck housing complex from the park-like oasis of grass and pavement opposite the Cabinet of Ministers’ building, bringing an end to the social protest that began on Nov. 30 last winter. Only one person was in residence during the clandestine police operation ...
 Jul 21, 2010 - Gas tax delayed...
Gas tax delayed
RIGA - The introduction of excise tax on natural gas in Latvia must be put off until later, says the Public Utilities Commission Council Chairwoman Valentina Andrejeva in an interview with LNT television on July 20, reports news agency LETA. Saeima’s Economic, Agricultural, Environmental and Regional Policy Committee decided last week to add to the Saeima amendments to the law on excise t...
 Jul 21, 2010 - Latvian free press dying off...
Latvian free press dying off
RIGA - Ahead of the national elections, scheduled for this fall, the most influential Latvian daily newspaper Diena is now headed by politically motivated persons following personnel changes. This could be the beginning of the end for the free press in the country, say analysts and established journalists. Since Latvia’s independence was restored in 1990, Diena had been the most power...
 Sep 01, 2010 - Backstage pass to Latvia’s pri...
RIGA - The privatization of the shipping firm Latvijas kugnieciba (LK) took place openly and no behind-the-scenes games were possible, said People&...
 Sep 01, 2010 - Latvija in brief - 2010-09-01...
Riga is short of more than 1 million lats (1.4 million euros) necessary for the payment of welfare benefits, the Riga City Council’s Welfare ...
 Aug 25, 2010 - Game over for the ‘Wagon syste...
RIGA - “In October of this year, the election system in Latvia for the first time will have a chance to prove its gains,” says politica...
 Aug 25, 2010 - Latvija in brief - 2010-08-26...
There are 190 companies and private individuals that each owe the state more than 300,000 lats (428,500 euros) in taxes that have accumulated a tot...
 Aug 19, 2010 - IT services stay in demand thr...
RIGA - The IT industry continues to develop, even during this economic crisis. This is a worldwide trend, which is present also in Latvia. Companie...
 Aug 18, 2010 - Latvija in brief - 2010-08-19...
The Prosecutor General’s Office on Aug. 16 dismissed the criminal proceedings concerning possible infringements by state officials during the...
 Aug 18, 2010 - Jurmala city government declar...
RIGA - Three different schools in Jurmala, a seaside resort consisting of several villages next to Riga, still don’t know how they are going ...
 MORE NEWS
  • Latvija in brief - 2010-08-05...
    The Cabinet was on Aug. 3 to make a decision on the reallocation of funding for th...
  • Mikelsons continues innocence ...
    RIGA - Egons Rusanovs, the attorney for former electric utility Latvenergo chief K...
  • Dombrovskis’ eight commandmen...
    RIGA - Prime Minister Valdis Dombrovskis (New Era) has come out with his new econo...
  • Insolvency law may deepen fin...
    RIGA - The parliament passed the controversial Insolvency law, which is aimed t...
  • Embassies struggle for funds...
    RIGA - The current situation in the consular service is precarious, as staff nu...
  • Latvija in brief - 2010-07-29...
    On July 21 police detained a woman (born in 1964) for stabbing and killing her ...
    • Riga Apartments for Rent

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