From November 1 onward all protected groups of users will receive increased benefits to help cover electricity bills. The government decided to go with this step to compensate the rapid growth of electricity prices, as confirmed by the Ministry of Economics. Amendments are intended to set electricity benefits for groups of residents at the following…
In September, actual unemployment rate in Latvia comprised 6.4%, down by 0.5% MoM. The actual unemployment rate in the country has not been so low since December 2019 (6.6%). The unemployment rate for females decreased by 0.3%, to 5.4% in September, but for males by 0.6%, to 7.5%, according to data of the Labour Force…
In January-September, freight volume handled in the Port of Liepaja climbed by 8% YoY, to 5.06 million tons, the Port Authority reported. Handling of grain and cereal products rose by 1.4%, to 1.92 million tons, while handling of anthracite – sank by 88.3%, to 28,800 tons, handling of building materials fell by 4.3%, to 549,200…
On October 14, Minister of Finances Janis Reirs submitted the state budget for 2022 to the Saeima to commence its review and approval process, as confirmed by the ministry. The delivery of the budget from the Ministry of Finances to the Saeima is a tradition that started in 1997 by the then Minister of Finances…
In January-September, the Freeport of Riga handled 15.28 million tons of cargo, down by 13.5% YoY. According to the port’s statistics, handing of grain increased by 13.1%, to 1,984,600 tons, ore – by 15%, to 526,600 tons, wood pellets – by 7.7%, to 1,630,200 tons, sawn timber – by 83%, to 437,400 tons, and timber…
According to the order issued by the Latvian government, the state budget program for emergencies will be expanded by EUR 300 million this year. The budget increase is related to the plan for operational response and allocation of necessary funding for the measures ministries in Latvia plan to employ in order to overcome the challenges…
Looking at the impact of growing gas prices on Europe, the Latvian government should think about ways of creating and managing different material reserves, wrote Latvia’s Minister of Defence Artis Pabriks on Twitter. The minister also said the Ministry of Defense was already working on solutions. Law on the State Material Reserves explains that nomenclature…