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Latvia , Tuesday 24 April 2018

News Latvia » Finance: Banker Finds He Has ‘Even More Enemies Than I Thought’

News channel or source: https://www.nytimes.com/2018/04/23/world/europe/latvia-rimsevics-banking-bribery.html
Publication date: onday 23 April 2018

Latvia’s finance minister, Dana Reizniece-Ozola, a chess grandmaster well versed in elaborate gambits, derided Mr. Rimsevics’s conspiracy theory. “I know this is his line of defense,” she said. “This is a free country so he can say whatever he ...

News Latvia » Finance: Latvia Secures U.S. Help to Clean Up Its Scandal-Tainted Banks

News channel or source: https://www.bloomberg.com/news/articles/2018-04-22/latvia-secures-u-s-help-to-clean-up-its-scandal-tainted-banks
Publication date: Sunday 22 April 2018

Latvia’s financial investigators will receive more U.S. help as the Baltic nation races to emerge from a money-laundering scandal that toppled its third-largest lender. Finance Minister Dana Reizniece-Ozola has agreed technical assistance from the U.S ...

News Latvia » Finance: 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 » Finance: Government debt likely to drop four percentage points by 2021 - Latvian Finance Ministry

News channel or source: https://www.baltictimes.com/government_debt_likely_to_drop_four_percentage_points_by_2021_-_latvian_finance_ministry/
Publication date: Sunday 15 April 2018

RIGA - The Latvian government debt is likely to drop four percentage points by 2021, the Latvian Finance Ministry said in its reply to the Financial Discipline Council. The ministry stressed that the general government debt in Latvia was well below the ...

News Latvia » Finance: Probe Into ECB's Rimsevics Headed for Criminal Charges in Latvia

News channel or source: https://www.bloomberg.com/news/articles/2018-04-20/latvian-pm-says-probe-into-ecb-s-rimsevics-is-headed-for-charges
Publication date: hursday 19 April 2018

In the meantime, Latvia is cooperating with the ECB, having earlier drawn criticism from President Mario Draghi for not providing information on the Rimsevics probe as requested. It’s sent explanations to the ECJ and Finance Minister Dana Reizniece-Ozola ...

News Latvia » Finance: In 2017, general government budget deficit accounted for 0.5% GDP in Latvia

News channel or source: http://www.baltic-course.com/eng/analytics/?doc=139472
Publication date: onday 23 April 2018

adjustments to revenues from auctioning of emission allowances granted to Latvia (data of the Treasury) – by EUR 4.1 million or 0.02% of GDP.Calculations of the April 2018. Notification are based on the data of the Ministry of Finance, the Treasury ...

News Latvia » Finance: Bill on shell companies upheld for first reading in Latvia

News channel or source: http://www.baltic-course.com/eng/legislation/?doc=139332
Publication date: Wednesday 18 April 2018

... first reading in the parliament the bill about restrictions on financial operations by high-risk customers in the Latvian finance sector, informs LETA. The majority of the committee members also upheld the suggestion to review the bill as urgent.

News Latvia » Finance: Latvian bank asks US to hold off money laundering sanctions

News channel or source: https://finance.yahoo.com/news/latvian-bank-asks-us-hold-090625188.html
Publication date: hursday 19 April 2018

RIGA, Latvia (AP) — Latvian bank ABLV has rejected the U.S. government's findings that it "institutionalizes money laundering" and helps evade sanctions as "hyperbolic," saying they refer to old practices it has now changed. ABLV was accused by the U.S ...

News Latvia » Finance: Banking overhaul seeks to shut Latvian money laundromat

News channel or source: http://www.france24.com/en/20180415-banking-overhaul-seeks-shut-latvian-money-laundromat
Publication date: Saturday 14 April 2018

The capital exodus shows little sign of abating. "There is a widespread opinion that the dream of Latvia as a regional centre for finance is over," said Vjaceslavs Dombrovskis, an economist with the Certus think tank that was largely financed by ABLV Bank.