None of the coalition partners has any desire to overthrow the government. A solution to the tax reform and healthcare funding problem will be found, said Prime Minister Maris Kucinskis. “I gathered all coalition representatives. The good news is that none has any plans to topple the government and somehow stop the tax reform,” Kucinskis…
Freight volume handled in the Port of Liepaja in January-May climbed by 24.7% YoY, to 2,890,500 million tons, the Port Authority says. In the reporting period, transshipment of coal surged 6-fold, to 723,400 tons, wood pellets – 2.2-fold, to 150,700 tons, construction materials – by 7.8%, to 222,600 tons, oil products – by 65.6%, to…
Concerns of Latvian residents about a possible economic crisis and political instability in the country are gradually growing, according to results of ERGO Security Index study. Data shows the index has worsened a lot over the past three years: from -39 in 2014 to -48 in 2017. “Concerns voiced by Latvians about the risks around…
Compared to April 2016, industrial production output increased by 9.6% in April 2017. Industrial production output in manufacturing grew by 6.2%, in mining and quarrying by 20.7%, and in electricity and gas supply by 18.8%. Increase in manufacturing was significantly affected by the rise in manufacture of electrical equipment (by 31.9%), manufacture of computer, electronic…
On June 2, Latvian airline airBaltic received the fourth out of twenty ordered Bombardier CS300 aircraft. airBaltic plans to expand its existing fleet of CS300 aircraft to 8 in 2017. Airline’s representatives say a more modern fleet will help expand and service 13 new destinations, as well as increase ticket sales by 15%. “The fourth…
Compared to Q1 2016, the volume of freights carried by land and pipeline transport increased by 3.6 million tons or by 13.6% in Q1 2017. The most notable growth in the volume of freights carried was recorded in road transport – of 2.6 million tons or 22.2%. The volume of freights carried by land and…
Compared to April 2016, total retail trade turnover rose by 2.8% in April 2017. Turnover of retail trade in food products increased by 1.7% and turnover of retail trade in non-food products grew by 4%. The most significant growth in turnover in the non-food product group was recorded in retail sale of information and communication…