Ministry of Finance submitted to the European Commission Recovery and Resilience Facility plan on April 30. This puts Latvia among EU member states that have prepared and submitted their recovery plan to the EC, as reported by the ministry. 12 out of 27 EU member states – Austria, Belgium, Denmark, Germany, Greece, Spain, France, Italy,…
After checking the use of EUR 14.5 million provided by the Latvian Ministry of Culture to help the culture sector overcome Covid-19 crisis, the State Audit (VK) concluded that this financing was mostly used appropriately, as reported by VK Fourth Audit Department Director Inga Vilka at a meeting with Saeima’s Public Expenditures and Audit Committee.…
Latvijas Gaisa Satiksme (LGS) and telecommunications company Latvijas Mobilais telefons (LMT) have signed a memorandum of understanding on cooperation for research and development projects, as confirmed by both companies. As part of this memorandum, LGS and LMT will work on various solutions for the development of safe and convenient UAV traffic together. The memorandum provides…
The unemployment level observed in Latvia in March was 8.7%. This level exceeds that of the European Union and Eurozone, according to data published by Eurostat about 25 member states on April 30. According to data from Eurostat, unemployment among EU member states was the highest in Spain (15.3%), Italy (10.1%), Sweden (9.1%) and Lithuania…
The global shortage of empty containers has reached Latvia as well, according to companies active at Riga Freeport. The freeport authority’s Public Relations and Marketing Office head Liene Ozola mentions that the shortage of empty containers is the direct consequence of the Covid-19 pandemic. Industry experts said that under the pandemic the traditional logistical chains…
Compared to March 2020, total retail trade turnover increased by 3.2% in March 2021. Turnover of retail trade in food products grew by 2.1%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 3.6%, but turnover of retail sale of automotive fuel – by 4.9%, according to adjusted data from…
Since December 2020 Latvian State Revenue Service (VID) has paid EUR 115,602,164 in downtime benefits and wage subsidies, as reported by VID representatives. The amount paid in downtime benefits and wage subsidies has increased by EUR 1,695,166 over the course of the past several days. 43,319 companies have been paid downtime benefits worth EUR 77,093,695…