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Latvia , Tuesday 24 April 2018

News Latvia: Latvia Gives Up on Dream of East-West Banking Bridge

News channel or source: https://www.bloomberg.com/news/articles/2018-04-24/bank-scandals-dispel-latvia-s-belief-it-can-be-east-west-bridge
Publication date: onday 23 April 2018

Once an unwilling member of the Soviet Union, Latvia tried to position itself as a business link between east and west after communism collapsed. That idea has all but died. Banking ties between the Baltic euro-area nation and foreign clients predominantly ...

News Latvia: Nazi SS veterans hold an annual march in Latvia. Here’s how one woman is fighting back.

News channel or source: https://www.jta.org/2018/04/17/news-opinion/nazi-ss-veterans-hold-annual-march-square-latvia-woman-fighting-back
Publication date: uesday 17 April 2018

RIGA, Latvia (JTA) — Each year on March 16, a macabre event unfolds on the square around this capital city’s most famous monument. Known as the Memorial for Latvian Legionnaires, it is the world’s only march by veterans of Nazi Germany’s elite SS unit.

News Latvia: New Latvia stamps integrate both flag and map into design

News channel or source: https://www.linns.com/news/world-stamps-postal-history/2018/april/latvia-stamps-flag-map-design.html
Publication date: uesday 24 April 2018

A new stamp from Latvia combines the country’s flag and map. Shaped like the Latvia, it is the first irregularly shaped stamp from Latvijas Pasts (the Latvian postal service). Shown across the map is the carmine-red flag with its single white, horizontal ...

News Latvia: Latvia and Norway have potential for expanding cooperation on start-ups, education and tourism

News channel or source: http://www.baltic-course.com/eng/Technology/?doc=139521
Publication date: onday 23 April 2018

Latvia and Norway have the potential for expanding cooperation on start-ups, innovation, education and tourism, Latvian Economics Minister Arvils Aseradens (Unity) said while meeting with Roy Angelvik, the Norwegian State Secretary of the Ministry of Trade ...

News Latvia: U.S. Sanctioning Russian Oligarchs Sparks Exodus of Cash From Latvia

News channel or source: https://www.bloomberg.com/news/articles/2018-04-23/u-s-sanctioning-russian-oligarchs-spurs-cash-exodus-from-latvia
Publication date: Sunday 22 April 2018

U.S. sanctions targeting Russian billionaires have sparked a further exodus of cash from Latvia, a Baltic nation whose banking system has already been shaken by a string of money-laundering scandals. The measures against businessmen, companies and senior ...

News Latvia: Latvia Recognizes Cryptocurrencies in Order to Tax Them

News channel or source: https://news.bitcoin.com/latvia-recognizes-cryptocurrencies-in-order-to-tax-them/
Publication date: hursday 12 April 2018

According to the Latvian Finance Ministry, 20% tax can be imposed on capital gains from deals with cryptocurrencies. Its representatives announced the proposal during a meeting with deputies from the Parliamentary Budget and Taxation Committee on Wednesday.

News Latvia: Latvia Joins the Cash-Flow Tax Club

News channel or source: https://taxfoundation.org/latvia-cash-flow-tax/
Publication date: onday 16 April 2018

As of January 1st, 2018, Latvia joined Estonia in replacing their traditional corporate income tax system with a cash-flow tax model. Under the new model, corporate income taxes will only be collected when profits are distributed to shareholders instead of ...

News Latvia: Tele2 Latvia revenues climb 10% in Q1

News channel or source: https://www.telecompaper.com/news/tele2-latvia-revenues-climb-10-in-q1--1241476
Publication date: onday 23 April 2018

Mobile operator Tele2 Latvia reported revenues up 10 percent year-on-year in the first quarter to EUR 29 million. Capex totaled around EUR 2 million in January-March. The figure is expected to reach almost EUR 11 million this year. The sale of handsets ...

News Latvia: U.S. Sanctioning Russian Oligarchs Spurs Cash Exodus From Latvia

News channel or source: https://www.bloombergquint.com/politics/2018/04/23/u-s-sanctioning-russian-oligarchs-spurs-cash-exodus-from-latvia
Publication date: Sunday 22 April 2018

Ambani's $38 Billion Startup Packs 6-Month Sales Into a Quarter Attention Shareholders Of Insolvent Companies - Here’s What Your Paper’s Worth How A Quick Acting State Government Spared Judge Loya’s Death Further Inquiry How Can Amit Shah Talk ...

News Latvia: Tax debts total EUR 1.255 bln in Latvia in early April

News channel or source: http://www.baltic-course.com/eng/finances/?doc=139482
Publication date: Sunday 22 April 2018

At the beginning of April 2018, tax debts in Latvia totaled EUR 1.255 billion, down 3.2% from March, writes LETA, according to the information released by the State Revenue Service (VID). This total includes current and suspended debts as well as debts ...