The registered unemployment level in Latvia at the end of 2021 was 6.7% of the economically active population, 0.3% more than the end of November 2021 and 1% less than the end of 2020, according to information from the State Employment Agency (NVA). At the end of December 2021, there were 60,774 unemployed people registered…
The number of passengers handled at Riga Airport exceeded 2.35 million in 2021. This means an increase of 17% when compared to 2020, whereas when compared to 2019, the number of passengers dropped by 70%. London, Tallinn, Frankfurt, Kyiv and Amsterdam were the most popular destinations from Riga in 2021. Last year, the national airline…
439 thousand persons or 23.4% of the population of Latvia were at risk of poverty in 2020 – 1.8% more than in 2019. Disposable income of this share of population was below the at-risk-of-poverty threshold. As disposable income of the population grew in 2020, at-risk-of-poverty threshold went up as well – to EUR 472 monthly…
The long-awaited packaging deposit system will become operational in Latvia on February 1, reminds LLC Depozita iepakojuma operators. The company in charge of the packaging deposit system reports residents will be able to deposit glass, plastic (PET) and metal (cans) packaging for beverages, all kinds of beer and other alcoholic beverages (up to 6%). However,…
Future developments of Latvia’s industrial sector will be affected by the situation with energy resource prices and the government’s possible decisions to improve the situation. If the Omicron variant of Covid-19 spreads rapidly, it is possible consumption of industrial goods may decrease, notes the Ministry of Finance. Nevertheless, currently demand for goods remains high and…
In January-October 2021, a total of 1.516 billion cigarettes were exported from Latvia to other countries, down by 183.203 million cigarettes or by 10.8% YoY, according to data compiled by the State Revenue Service (VID). 61.234 million cigars and cigarillos were exported to other countries last year, up by 32.1%. Additionally a total of 17,748…
In January-November 2021, the deficit of Latvia’s state consolidated budget was EUR 1.03 billion, up by EUR 490.5 million YoY, according to data published by the State Treasury. Considering the costs of the aid provided to reduce consequences from Covid-19 pandemic, the deficit in the state budget reaches EUR 1.08 billion. The municipal budget, on…