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…
Moderately low or low risk level was observed for four out of fourteen banks in Latvia last year, according to the report published by the Latvian Finance and Capital Market Commission (FKTK). At the same time, seven banks in Latvia had a moderately high risk level in 2020. Three banks had a high risk level.…
In July, the number of passengers serviced at Riga International Airport increased by nearly half when compared to June, according to available data on the airport’s operations in the first seven months of 2021. The airport serviced 297.2 thousand passengers, up by 140,000 MoM. This means the number of passengers serviced in July reached 36%…
At the beginning of August there were 191,193 taxpayers legal persons registered in Latvia, down by 2.1% YoY, according to data published by Latvian State Revenue Service (VID). When compared to July 1, the number of taxpayers legal persons in Latvia dropped by 108 or by 0.1%. At the beginning of August, the majority of…
Latvian Competition Council (KP) has fined ten companies involved in the so-called construction cartel case more than EUR 16 million, as confirmed by KP representative Zane Gorskova. KP does not reveal the names of those companies and the individual amounts they have been fined. Gorskova explained that KP legal team was working on the final…
In June, the unemployment level in Latvia was 8%, higher than the average in the European Union, according to data published by Eurostat. Unemployment among EU member states was higher in Greece and Spain (15.1% in both), Italy (9.7%), Sweden (9.2%) and Finland (8.1%). Unemployment in Lithuania was 6.4% in June and 6.7% in Estonia.…
Compared to June 2020, total retail trade turnover rose by 5.9% in June. Turnover of retail trade in food products declined by 2%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 11.4% and of automotive fuel – by 9.6%. Compared to June 2020, the most notable turnover rise was…