Latvian Minister of Defence Artis Pabriks has met with US Congress representatives Don Bacon, Ruben Gallego and Sara Jacobs. During the meeting, Pabriks asked the US to increase military aid for Latvia. The parties met to discuss the current geopolitical situation following Russia’s invasion of Ukraine, Latvian-US mutual cooperation in defence and the need to…
Compared to April 2021, the level of producer prices in Latvian industry increased by 29.9% in April. The level of prices of products sold on the domestic market increased by 39.6% and prices of exported products – by 21.8%. Prices of products exported to euro area countries rose by 26.5% and prices of products exported…
On May 20, JSC Virsi-A (Virsi) signed a contract with JSC Skulte LNG Terminal on the acquisition of 20% of the company’s shares. Plans were announced to jointly develop the liquefied natural gas (LNG) terminal at Skulte seaport, as reported by Virsi. The company notes that Skulte LNG terminal project has a unique geographical, economic…
Latvian State Audit said that the report on Ministry of the Interior 2021 annual account underlined multiple capacity problems at multiple institutions that answered to the ministry – the Ministry of the Interior Information Centre, Provision State Agency and Office of Citizenship and Migration Affairs. Ministry of the Interior Information Centre has used up only…
In a situation of growing global economic crisis and complications caused by the war, replacing a minister that is responsible for resolving very important economic issues is irresponsible, according to Latvian Chamber of Commerce and Industry (LTRK). Prime Minister Krisjanis Karins announced on May 16, that the Minister of Economics Janis Vitenbergs would have to…
On May 12, Latvian Saeima passed in the second and final reading urgent amendments to the Law on Assistance to Ukrainian Civilians. Amendments are intended to provide aid to persons in Latvia who voluntarily provide accommodation to Ukrainian refugees. It is planned to provide private persons with the right to receive benefits to compensate additional…
“More and more external factors emerge and strike at the food industry. This industry is in a state of crisis. Food is becoming more expensive, and our local farmers and manufacturers are becoming weaker on domestic and international markets. The crisis has grown and the future is looking rather grim,” warns director general of Latvian…