After the war, Ukraine is to be rebuilt mainly at the expense of private capital. And the development of the Ukrainian economy will be driven by stimulating small and medium-sized businesses. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, during a meeting with the Latvian delegation headed…
Ukraine and Latvia are working to further develop and strengthen trade and economic relations. During the meeting between Prime Minister of Ukraine Denys Shmyhal and Prime Minister of Latvia Krisjanis Karins, the parties agreed to continue the work of the Intergovernmental Ukrainian-Latvian Commission on Economic, Industrial, Scientific and Technical Cooperation. The ninth meeting of the…
Latvian state enterprise Latvenergo reported that on December 30, 2022 a three-phase 110 kV transformer was delivered to Ukraine. It will be used to help restore the country’s energy infrastructure after Russian missile attacks. Responding to Ukraine’s request, Latvenergo made the decision to donate the three-phase 110 kV transformer to the country. This piece of…
The leadership of the European Union Funds Audit Department (AFCOS, OLAF Contact Point in Latvia) of the Ministry of Finance of the Republic of Latvia conducted a training for the staff of the Economic Security Bureau of Ukraine (ESBU). The topic of the training was “Institutional and legal framework for the protection of EU finances”.…
In June, actual unemployment rate in Latvia constituted 6.3% and compared to May it reduced by 0.2%. Unemployment rate among females fell by 0.1%, to 5.4%, and among males by 0.3%, to 7.2%, according to results of the Labour Force Survey conducted by the Central Statistical Bureau of Latvia (CSP). The unemployment rate registered with…
Due to insufficient wages Latvian State Fire and Rescue Service (VUGD) predicts an even bigger shortage of employees, the service warns. In 2017, the wage paid in VUGD was equal to the average in the national economy. Vacant jobs accounted for approximately 3%. However, wages have since fallen by more than 30% behind the average…
On July 14, Latvia’s Saeima passed in the second and final reading urgent amendments to the Law on State Pensions. These amendments provide for indexation of state pensions two months earlier than usual this year – in August. “Earlier than usual indexation of pensions is proposed to provide support to pensioners in a situation of…