Reduction of excise tax for fuel should be evaluated, says Latvian Minister of Economics Ilze Indriksone. “In March, when the first major price rise was observed, we proposed reducing excise tax to the minimal rate in the European Union. It is important to reduce the price to stop it from going up or to reduce…
Estonia and Latvia are jointly to procure mid-range air defense systems following an agreement at the NATO Madrid Summit. Defense minister Kalle Laanet (Reform) and his Latvian counterpart Artis Pabriks signed a letter of intent while in the Spanish capital, which would create a legal framework for the systems’ joint procurement. Laanet said: “The NATO…
On June 30, two guarded freight trucks sent from a manufacturing plant in Ostrava delivered the remaining two out of four new passenger cars for the new electric train, as reported by JSC Pasazieru vilciens. To rolling part, roof parts and the first two passenger cars arrived in Riga last week. With that, Latvia has…
Compared to May 2021, total retail trade turnover increased by 4.2% in May 2022. Turnover of retail trade in food products grew by 2.9%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 7.8%, but turnover of retail sale of automotive fuel reduced by 2.6%. As compared to May 2021,…
Even before the Jani heat the estimate of summer crops in the country, Latvian Agricultural Advisory and Training Centre (LLKC) specialists admitted that even in spite of impressive rain showers the summer crop harvest is expected to be good. Nevertheless, the situation may yet change. So far summer crops have enough moisture. There are even…
Deployment of a larger NATO contingent in Latvia will require a new base, warehouses and barracks, says Latvian Minister of Defence Artis Pabriks. In preparation for the summit, NATO Military Committee presented different recommendations regarding possible development scenarios. “Major changes” include deployment of NATO battle groups in multiple countries in which this has not happened…
In Q1, there were 28.2 thousand job vacancies in Latvia, up by 6.6 thousand vacancies or by 30.3% YoY, however the pre-pandemic level had not been reached yet (on average 29.1 thousand in 2019). In private sector there were 17.8 thousand and in public sector 10.4 thousand job vacancies. Over the year the number of…