Posts tagged as negative

President Levits has no other option but to promulgate tax cut on strong alcohol due to bill’s urgency

Thursday, July 11, 2019

President Egils Levits has no other option but to promulgate the legislative amendment reducing excise tax on alcohol by 15 percent because Saiema has decided to adopt the bill in a fast-track procedure. Dina Meistere, head of the Saeima Legal Office, told LETA that since the parliament has assigned the bill urgency status by at least two thirds of votes, the president cannot request reconsideration of the bill and has…

Foreign trade turnover changes in Latvia: exports drop and imports grow in May

Wednesday, July 10, 2019

In May 2019, the foreign trade turnover of Latvia amounted to EUR 2.5 billion, which at current prices was 3.5 % more than in May 2017, of which the exports value of goods was 2.6 % lower, but imports value of goods was 8.6 % higher. In May, Latvia exported goods in the amount of EUR 1.07 billion, but imported – in the amount of EUR 1.43 billion. Compared to…