Riga municipality’s public transport company SIA Rigas satiksme concluded the first half-year of 2021 with profits of EUR 172,000, as confirmed by the company. At the same time, the epidemiological restrictions imposed during Covid-19 pandemic have considerably reduced the company’s revenue from passenger transportation services, which have reduced by 29.2% YoY. Revenue from parking services…
With the summer vacation season nearing its end, four of every ten companies in Latvia have plans to organize work in a way so that it can be done in-office and drop remote work practice. Approximately as many companies have plans to adopt a popular hybrid model, which provides for staying at home for a…
According to the full list of projects on which members of the recently uncovered construction cartel had worked, there were projects like Riga Castle, the University of Latvia Academic Centre in Tornakalns, the headquarters of the Corruption Prevention and Combating Bureau (KNAB), Liepaja Prison and others, Competition Council reported. Generally the 77 construction projects mentioned…
The volume of transactions processed by Latvian payment and electronic money institutions, including e-money, has reached EUR 159.7 million, up by 3% YoY, according to data compiled by the Finance and Capital Market Commission (FKTK). The volume of transactions performed by payment institutions remained on the same level of the first half year of 2020,…
Cargo traffic at the Port of Liepaja in January-July increased by 6.8% YoY and totaled 3.79 million tons, the Liepaja Port Authority statistics showed. Seven-month volume of grain fell by 0.8%, to 1.34 million tons, anthracite volume plummeted by 86.6%, to 28,800 tons, handling of building materials declined by 0.6%, to 416,100 tons, and oil…
The actual unemployment level in Latvia has decreased to 7.3%, or by 0.1% MoM. At the same time, the competition to find suitable employees is on a rise among employers, the director of Latvia’s State Employment Agency (NVA) Evita Simsone said. She said the situation was rather stable and typical for Latvia’s labor market. Currently…
When compared to June, consumer prices in Latvia increased by 0.4-0.5% in July. This means inflation might have reached 2.9% in July when compared to the same month of 2020, according to bank analysts. Swedbank economist Laura Orleane predicts consumer prices will have increased by 0.4% and annual inflation will have reached 2.9% in July…