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Many Latvian residents work abroad. Another goes to earn money for a few months and returns, while another moves to live abroad. However, what happens to the income? Do they have to be declared in Latvia and do they have to pay tax? Latvian citizens often decide to link their career (and life) with work … Read more
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Since the start of the war, supplies of manganese ore to the Russian war industry in Ukraine have increased significantly. This component is delivered through the ports of Ventspils and Riga, but from 2023 – also through the port of Sillamė in Estonia. Manganese was delivered through there to the Chelyabinsk plant, which was nationalized … Read more
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The dollar is the main reserve currency in the world. However, the volume of operations with dollars in cash in Latvia is gradually decreasing, and some members of the financial sector have completely stopped working with dollars in cash, because such transactions are considered quite suspicious on the risk scale. In general, cash transactions in … Read more
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Water is the basis of all living things. Although water covers more than 70% of our planet, only 3.5% of it is potable water. It is this resource that may become a “scarce commodity” in some regions within the next 30 years, as a result of which peace may be threatened. The German statistics company … Read more