Last year the average hourly labour costs in Latvia were EUR 11.1, significantly below the average levels in the EU and Eurozone, according to data published by Eurostat on March 28. According to this data, labour costs in the economy, except fir agriculture and state administration, were below Latvia’s in Bulgaria (EUR 7 per hour),…
In January-February, the port of Riga handled 3.51 million tons of cargo, up by 2.5% YoY. According to the port’s statistics, grain-handling fell by 37.5%, to 351.6 thousand tons, oil products – – by 32%, to 292.7 thousand tons, metal scrap and metals – by 55.7%, to 22.6 thousand tons. Handling of chemical cargo rose…
The income of 21.7% of Latvian households has decreased in the last twelve months and for 18.5% households income has increased. Negative and positive changes with income of Latvian households were observed more clearly in cities these past twelve months – 20.2% of city-based households mentioned their income has increased (14.3% in the countryside), 23.2%…
Latvian Road Traffic Safety Directorate (CSDD) has decided to annul the registration and permit of website and mobile app service provider Yandex Taxi. It has also been decided to block Yandex Go mobile app, as confirmed by CSDD representative Zane Plone. She explained that this decision was made based on the fact that the service…
In 2021, 5.3% of the population was exposed to severe material and social deprivation, down by 1.7% YoY. Persons with low income were the most vulnerable to material and social deprivation. Among the lowest income group (first quintile group) the share of the population exposed to severe material and social deprivation reached 16.2% in 2021,…
The geopolitical instability that came about after Russia’s invasion of Ukraine may reduce the volume of private investments in Latvia, says governor of the Bank of Latvia Martins Kazaks. “The geopolitical background in certain cases may reduce the plans of the private sector to invest, because insecurity and uncertainty can, in some cases, have a…
In 2021, there were 24.4 thousand job vacancies in Latvia, up by 4.9 thousand or by 25.3% YoY. There were 15.9 thousand job vacancies in the private sector and 8.6 thousand in the public sector. During the year, the number of job vacancies in the private sector increased by 4.2 thousand or by 35.8%, while…