“Ukraine’s complete victory is in our interests, as is the restoration of their independence and territorial integrity. This is a requirement for lasting peace in Europe,” said Latvian Saeima speaker Inara Murniece on May 8, during her meeting with vice-speaker of Ukrainian parliament Olena Kondratiuk. During their meeting, the parties discussed aid for Ukraine in…
Operational data on the airport performance showed that this April, more than 419 thousand passengers used Riga Airport; in turn, in the first four months of the year the airport serviced over 1.1 million passengers. “The increase in the number of passengers in April is related to both new and renewed routes from Riga at…
Compared to March 2021, industrial production output rose by 6.3% in March, according to calendar adjusted data at constant prices. Output increase was registered in manufacturing (+10%) and mining and quarrying (+9.2%). In turn, the supply of electricity and gas decreased by 18.6% due to a decrease in the volume of electricity produced in CHP…
In April, Latvian state company Latvian State Roads (LVC) received letters from all major construction companies engaged in road construction procurements. Construction companies outlined in letters they are unable to do their jobs at the prices that were proposed before February 24, when Russia invaded Ukraine. The offers received in procurements in March and April…
From June 1 onward the general water supply and sewer tariff in Riga will increase by 22.4%, reaching 2.35 EUR/cubic meter instead of the current 1.92 EUR/cubic meter, according to the decision made by the Public Utilities Commission. The water supply tariff will be 1.02 EUR/cubic meter, which is EUR 0.17 more than it is…
It’s possible Latvian gross domestic product (GDP) may have increased by 4.3-5% in the first quarter when compared to the same period of 2021, according to analysts of Latvian banks. Citadele Bank economist Martins Abolins said in Q1 Latvia’s GDP growth in comparison to Q1 2021 might have been 4.5-5%. When compared to Q4 2021,…
Ministry of Welfare offers giving pensioners in Latvia another single-time benefit in December, according to the ministry’s presentation published on the Saeima’s website regarding proposals for compensation of energy price rise for households. Pensioners whose pension is under EUR 300 are proposed to be given a EUR 200 bonus, whereas for pensioners whose pension is…