Latvia’s President Egils Levits urges the Saeima to amend the law so that it is possible to cease providing state budget financing to political parties whose Saeima factions fall apart. Levits’ proposed legislative amendments provide for giving Corruption Prevention and Combating Bureau (KNAB) the authority to make the decision to terminate payment of state budget…
In December 2021, the actual unemployment rate in Latvia was 7.6%, up by 0.5% MoM. The male unemployment rate rose by 0.7%, to 8.6%, while for females it increased by 0.3%, to 6.6%, according to data of the Labour Force Survey conducted by the Central Statistical Bureau (CSP). The unemployment rate registered with the State…
When summarizing forecasts of stevedoring companies and evaluating global trends and economic processes in the industry, an increase by 5-6% in cargo turnover is planned for the Port of Riga this year; and the total cargo turnover will reach 22.8 million tons this year, says Freeport of Riga Authority. In 2022, an increase in grain…
JSC Latvenergo has signed two short-term loan provision contracts to secure current assets and maintain liquidity. The loan amounts reach EUR 90 million, as the company informed Nasdaq Riga. Latvenergo and OP Corporate Bank plc in Latvia have signed a short-term loan contract worth EUR 60 million and a loan contract with SEB Bank worth…
To support Latvian residents in a situation when the rapid climb of energy prices has a serious effect on every household, political party New Unity suggested at a meeting of government parties on January 17 to provide benefits to seniors and families with children. The party’s board decided focused support would be provided to families…
A situation when Latvia may commence cooperation with China in the field of carrying railway freight seems very close, says state joint-stock company Latvian Railway (LDz) Chairman of the Board Maris Kleinbergs. He said in the last decade there was a lot of talk about the opportunity of carrying Chinese freight through Latvia and there…
Latvian Minister of Economy Janis Vitenbergs intends to once again ask coalition partners to approve reduced value added tax (VAT) rate for electricity, natural gas, heating energy and fuel lumber, as confirmed by the minister’s public relations advisor Ineta Vilistere-Lace. She said the proposal, which could be reviewed at a meeting of the coalition council…