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…
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…