Average Income per Family for Top 10% and Bottom 90% of Latvia’s Society
he richest 1% of Latvian households earn on average 3018Ls while the bottom 90% of households earn on average 425 Ls per month.
Life with ‘God’s Mercy and the Goodness of Others’
Latvia’s painful austerity program and recent economic growth is presented to the world as a success story and a model for other struggling countries resisting cuts. Re:Baltica’s investigation finds that Latvia has some of the highest poverty, unemployment and income…
Social Benefits Paid Out by Latvian Municipalities in 2011
At present Latvia’s municipalities set separately the amount and organization of welfare payments. These payments therefore vary greatly according to the revenues of the municipalities. In poorer regions welfare payments are negligible. The World Bank‘s research shows that municipalities paid…
The Main Conclusions and Recommendations. Authors of the Project
What should be done to improve the lives of those with low-incomes and to reduce social inequality? Here are the main conclusions and expert’s recommendations.
The Hidden Side of Latvia’s ‘Success’ Story
Latvia is a land of extremes. In a country where 42% of children live at risk of poverty and social exclusion, the state can afford to pay 142,000 euros in paternity benefits for one child, and 200,000 euros in unemployment…
A Farm of Directors
How Average Latvians Became Paper Directors in Transactions Worth Millions.
Latvia to investigate its banks’ role in the Magnitsky case
The prosecutor’s office has reversed the decision of the state police not to investigate whether Latvian banks helped to launder at least 63 million dollars from Russia in 2007 as part of a huge tax fraud.
At least 63 million dollars laundered through Latvian banks in the Magnitsky case
Sergei Magnitsky was a lawyer for Hermitage Capital (an American managed fund investing in Russia) who tried to investigate the theft of money from the fund. His colleagues at Hermitage Capital believe it possible that part of the 63 million…
Parliamentary committee’s finds failures of regulating Krajbanka and banker Antonov
The Latvian parliamentary committee’s findings on failures of regulating Krajbanka follow an earlier series of stories by the investigative journalism centre Re:Baltica on Antonov and the breakdown of regulation that preceded the collapse of Krajbanka and Snoras.