Tag: Latvia
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Dreiliņkalns Hill: Consumer Authority Warns Sledding Is Unsafe and Calls for Action
Overview: A Warning Too Serious to Ignore The Dreiliņkalns hill has earned widespread concern among residents and authorities after the consumer protection agency (PTAC) raised alarms about its sledding safety. While the hill is not officially supervised by PTAC—since it lacks public services or facilities—the agency emphasizes that such environments can pose substantial risks to…
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State Audit: Latvia’s Shadow Economy Plans—Are They Working?
Introduction: Latvia’s ongoing fight against the shadow economy The shadow economy, or informal economic activity not reflected in official statistics or taxed according to regulations, has long posed a challenge for Latvia. Since 2010, the country has sharpened its focus on reducing unreported work, evasion, and the broader tax gap. The central question confronting policymakers…
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State Audit: Latvia’s Shadow Economy Plans Prove Ineffective
Overview: What the State Audit Found The latest state audit on Latvia’s efforts to combat the shadow economy indicates that much of the progress hoped for remains unrealized. While authorities have implemented a series of measures since 2010—ranging from better data collection to targeted enforcement—the audit concludes that the planned reforms have not achieved the…
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State Audit Findings: Latvia’s Shadow Economy Plans Fall Short
Introduction: A Persistent Challenge The shadow economy—economic activity outside official statistics and tax obligations—remains a persistent challenge for Latvia. Since 2010, authorities have repeatedly sought to curb informal work, tax evasion, and undeclared income. A recent state audit assessment underscores that, despite ongoing reforms, the country’s plans to combat the shadow economy have not achieved…
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Quantum Conference Arrives in Riga, Bridging Global Minds
Overview: A Week of Quantum Discovery in Riga Riga will host a premier gathering of the world’s brightest researchers and industry leaders for a week-long program dedicated to quantum computing, cryptography, information theory, mathematics, and physics. This conference, rooted in a history of collaboration and breakthrough, aims to accelerate practical advances while nurturing theoretical breakthroughs…
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SIA Hepsor E18 Expands with New Residential Project in Latvia
New Collaboration Signals Growth for Hepsor Group The Latvian construction and real estate developer SIA Hepsor E18, a subsidiary of Hepsor AS Group, has announced a strategic partnership with Mitt & Perlebach, a well-established construction company. The contract, signed on 30 December 2025, paves the way for the construction of the residential development project “Ķiršu…
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SIA Hepsor E18 Secures Contract for Ķiršu kalna mājas in Dzirneju with Mitt & Perlebach
Strategic partnership marks a milestone for SIA Hepsor E18 SIA Hepsor E18, a subsidiary of the Hepsor AS Group, has entered a new phase of growth with a formal contract signed on 30 December 2025 with the construction company Mitt & Perlebach. The collaboration aims to deliver the residential development project “Ķiršu kalna mājas,” located…
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Latvian Money Mules Exposed in Global Refund Fraud Network
Uncovering a Global Fraud Machine An international investigation has brought to light a sophisticated refund fraud scheme that relies on a cadre of money mules in Latvia and other countries. The operation exploits online marketplaces and payment processors by submitting or processing unwarranted refund requests for goods and services, often using stolen credentials, manipulated order…
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Latvian Money Mules Exposed in Global Fraud Ring Targeting Online Refunds
Overview: A Global Fraud Network Unveiled An international crackdown has brought to light a sophisticated fraud network that exploited online trading platforms through a deceptive “refund fraud” scheme. In a coordinated operation, authorities detained more than 200 Latvian individuals accused of serving as money mules for the network. The arrests mark a significant escalation in…
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Latvian Money Mules Nabbed in Global Refund Fraud Network
Global fraud crackdown targets refund fraud tied to Latvia An international investigation has exposed a sophisticated refund fraud operation that leveraged thousands of online trading platform accounts. At the center of the case are Latvian individuals who served as money mules, moving illicit funds through a maze of shell accounts and payment processors. The operation…