Compared to October 2020, the average level of consumer prices increased by 6%. The greatest pressure on the average price level changes in October 2021 compared to October 2020 was put by the rise in prices of goods and services related to transport, goods and services related to housing, prices of food and non-alcoholic beverages,…
Due to the ongoing pandemic the supply of Black Hawk helicopters to Latvian national armed forces will be delayed, as reported to Saeima’s Defense, Internal Affairs and Corruption Prevention Committee by the commander of Latvia’s army Leonids Kalnins on November 3. It is planned the first Black Hawk will be delivered to Latvia at the…
Municipal company Rigas namu parvaldnieks (RNP) may be forced to lay off more than 200 workers who are not vaccinated for Covid-19, as reported by the company’s representative Una Grenevica. RNP reports 90% of its employees are vaccinated for Covid-19. The company is currently actively engaged in efforts to employ only vaccinated people. Potential changes…
In July-September, gross domestic product (GDP) increased by 4.8% YoY, according to seasonally and calendar non-adjusted data. According to provisional estimations, the GDP was affected by a rise of 1.3% in producing sectors and of 6.1% in services sectors, according to the flash estimate of the Central Statistical Bureau (CSB). Compared to Q2, GDP increased…
On October 26, members of the Saeima’s Economic, Agricultural, Environmental and Regional Policy Committee passed for the second reading amendments to the Law on Ports. These amendments provide for remaking the seaports of Riga and Ventspils into capital companies. Amendments were supported by seven members. One member voted against. The term for the submission of…
For the first time since the company’s foundation, AS Baltic Express (BE) has commenced transporting freights to the Freeport Riga. After signing the contract with SIA Alpha Osta, which operated from the Freeport of Riga, Baltic Express carried 15 freight cars with a total freight volume of more than 60,000 tons to Riga last month.…
Following the new and tight quarantine restrictions, the biggest food stores in Latvia – Lidl, Maxima and Rimi – are forced to change and adapt their operational strategy and open hours accordingly. From October 21 onward all Lidl stores in Latvia will stick to the following open hours: 06:30 – 19:00. As before, all food…