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Recent Events: Inflation, Frozen Russian Assets, and Real Estate Taxes

Inflation continues to decline, the European Union is considering how to deal with frozen Russian assets. It is possible to restore the Art Nouveau pearl, but without implementing changes, many residents are threatened with a sharp increase in real estate taxes.

These and other events of the past week have been collected and presented to the readers by “Delfi Bizness”.

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A story with a happy ending: an art nouveau pearl is saved and returned to circulation

Photo: DELFI

The building at Vīlandes Street 11, in the quiet center of Riga, can be safely ranked among the first Art Nouveau houses in the capital, which for many years went into disrepair, suffered from fire accidents and abandonment. However, at the end of this year, this house, renovated and rebuilt, could welcome its first residents.

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Believed and lost everything. Is the collapse of “Banka Baltija” still felt? Experience of depositors

Photo: DELFI

Latvians are the laziest investors in Europe, they seem to save their money in a sock or a bank account, where inflation destroys it. According to gross domestic product (GDP) per capita, we should be investing more actively, but this is not happening. Does the fault lie in distrust of the banks that promised pots of gold in the 1990s but left people without life savings? Are traditions and poverty to blame?

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Journalist: Mask thwarted Ukrainian attack on Russian ships in Sevastopol

Photo: Reuters/Scanpix/LETA

In 2022, Elon Musk gave an order to disable the Internet service system “Starlink” on the coast of Russian-occupied Crimea, in order to thwart the Ukrainian attack on the Russian navy in Sevastopol, according to journalist Walter Isaacson in Musk’s biography, excerpts of which have been obtained by CNN.

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The number of corporate bankruptcies in Europe has grown rapidly

Photo: Pixabay

The wave of corporate bankruptcies in the European Union has reached the highest level since 2015, writes “Euronews”.

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The EU will begin negotiations on what to do with 200 billion euros worth of Russian assets

Foto: Shutterstock

European Union officials will begin meeting with member states this week to outline the bloc’s plan for taxing profits from more than 200 billion euros worth of frozen Russian central bank assets that could help rebuild Ukraine, Bloomberg writes.

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The next bill increase? Real estate tax payments threaten to rise sharply

Foto: Shutterstock

At one time, until 2025, the cadastral values ​​of real estate, which have a direct relationship with the real estate tax, were “frozen”, otherwise the payment for the property would have increased significantly for some households and entrepreneurs. This deadline is inexorably approaching.

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Kaspars Rožkalns will leave the post of LIAA director

Photo: Publicity photo

According to the agreement reached with the Ministry of Economy, the director of the Latvian Investment and Development Agency (LIAA) Kaspars Rožkalns will leave his position at the end of September, LIAA informs.

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The EU will most likely import record volumes of liquefied natural gas from Russia this year

Foto: Shutterstock

Despite various sanctions and the commitment to reduce energy dependence on Russia, the European Union will most likely import record volumes of liquefied natural gas from Russia this year, the “Financial Times” writes.

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The popularity of solar panels is still high, ‘bitterness’ about tariffs

Foto: Shutterstock

After last year’s “boom” of solar panels, this year the activity of private individuals to buy and install them has stabilized, but is still high.

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Seize opportunities. The egg producer, starting on the stock exchange, plans to fill the expected shortage in Europe

Photo: Publicity photo

The company group “APF Holdings”, which includes the poultry and egg production SIA “Alūksnes putnu ferma”, will use the funds raised in the initial public offering (IPO) of shares planned for autumn to conquer European markets during the period when egg shortages are predicted. The company’s management hopes to attract 7 million euros from private and institutional investors.

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2023-09-09 09:01:19
#week #economy #higher #tax #threatens #story #happy #buys #resources #Russia

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