The ruling coalition in Latvia plans to discuss possible solutions to compensate the rapid price rise, as journalists were told by representatives of government parties. Last week, the Minister of Welfare Gatis Eglitis presented to coalition cooperation parties the plan to increase minimal wage from EUR 640 to EUR 700 next year. On April 25,…
From May 1, onward the heating energy price will be nearly 200 EUR/MWh without VAT, according to the decision made by the Public Utilities Commission (SPRK). From May 1 until December 31, the heating energy tariff set by LLC Rezeknes Siltumtikli will be 198.13 EUR/MWh, which is 4.6 times above the current tariff – 42.8…
Terminals located at the Ventspils seaport handled 3.966 million tons of freight in the first three months of 2022, up by 10.6% YoY, according to information from Latvia’s Ministry of Transport. In Q1, a total of 2.957 million tons of freight was sent from Ventspils sea port, up by 2.8%. The volume of received freight…
The ruling coalition in Latvia has reached a conceptual agreement in favour of the proposal from the Ministry of Welfare to perform pension indexation earlier this year, as confirmed by Prime Minister Krisjanis Karins. According to the politician, this will be part of the promised aid to half a million Latvian residents who “truly need”…
Construction work continues expanding within Latvia’s road network. Most of the work is done on regional roads. Motorists are urged to use alternative roads to bypass sections under construction. The biggest road traffic restrictions are on the section of Riga-Ergli (P4) regional road from Riga bypass (A5) all the way until the turn to Tinuzi;…
In February, the number of foreign and resident visitors comprised 88.3 thousand, up 2-fold YoY, but down by 43.4% from before the beginning of pandemic in February 2020. As compared to February last year, the number of nights spent by visitors comprised 163.3 thousand, up by 91.1%. In the two months of the year, the…
Both due to the surge of the cost of construction materials and the war in Ukraine, construction company Merks has projects in which it has major difficulties to progress within the limits of previous costs detailed in contracts. All this causes major losses, says Merks board chairman Andris Bismeistars. He explained that last year there…