Bloomberg News

Latvian President Berzins Earned $679,000 Last Year, Leta Says

April 13, 2012

Latvian President Andris Berzins reported 360,758 lati ($679,000) in income last year, including interest income and profit on bond and real estate transactions, Leta reported today, citing an official declaration.

Berzins received about 25,000 lati in salary and got 55,000 lati in pension payments for previous work at a state bank, Leta reported. Income from selling bonds was 310,789 euros ($409,000) and he increased the number of properties he owns to 40 from 37, the Riga-based newswire reported.

The average gross wage in Latvia in 2011 was 464 lati a month, the central statistics office said March 2.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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