Latvia’s unemployment rate stood at 6.5% in April, exceeding the average levels recorded both in the European Union (EU) and the eurozone, according to data published on June 1 by the EU statistical office Eurostat. Among EU member states, higher unemployment rates in April were recorded in Finland (10.6%), Spain (10.3%), Greece (9.5%), Sweden (8.6%),…
Latvia’s national airline, airBaltic, has repaid the first instalment of its state loan amounting to 6.4 million euro, according to the Ministry of Transport (MoT). The ministry stated that airBaltic was meeting its obligations and had completed the first repayment under the loan agreement in the amount of 6.4 million euro. The 30 million euros…
The broader the coalition forming a government that would work until the elections, the better, said Andris Kulbergs, the prime ministerial nominee from United List (AS), in an interview with TV3 on May 18. The politician suggested that it might be possible to reach an agreement on forming a government among five political forces –…
The Progressives party believes that Latvia needs to agree on a predictable system for setting the minimum wage, for example by linking it to the average salary level, says Andris Suvajevs, head of the party’s parliamentary faction. “The Progressives believe that we need to agree on a clear system for increasing the minimum wage. For…
All old wind turbines in Latvia – especially those no longer producing electricity – must be urgently inspected, Climate and Energy Minister Kaspars Melnis (ZZS) stated on April 27 while inspecting a collapsed wind turbine in Bunkas parish. In a post on the social platform X, Melnis said that an agreement had been reached with…
Amid funding shortages, the state-owned company VSIA Latvian State Roads (LVC) is currently commissioning new road reconstruction projects only for locally critical road sections, LVC Construction Department Director Gints Alberins has said at the company’s annual Latvian road sector conference. According to him, these are sections where the road condition already threatens passability. In all…
According to the latest data published by the Central Statistical Bureau, Latvia’s general government budget recorded a deficit of $1.093 billion last year, calculated in accordance with the European System of Accounts (ESA 2010) methodology, which corresponds to 2.5% of gross domestic product (GDP). Compared to 2024, the general government budget deficit increased by 366.9…