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…
From March 2022 onward the heating tariff of JSC Rigas siltums may increase by another 6.7%, according to the official entry in the Latvian Herald. From November 1 clients of JSC Rigas siltums pay 66.76 EUR/MWh for heating energy. From March 2022 the price will be 71.22 EUR/MWh. According to JSC Rigas siltums, tariff changes…
Because of the rising costs of raw materials and energy resources the situation in the dairy industry is currently tragic, as dairy companies are forced to work below operating costs and there is a risk of multiple businesses going bankrupt, admits the board chairman of Latvian Dairy Committee (LPCS) Janis Solks. “It’s not just serious…
Latvia, like Estonia, will lift the restrictions imposed on open hours for service providers and events for New Year’s night, as confirmed by the government. Amendments passed by the government to the order on the declaration of a state of emergency state that stores located in shopping malls will be able to open up for…