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…
As confirmed by VAS Valsts nekustamie ipasumi (VNI), SBSC won the tender for the improvement of energy efficiency of Valmiera drama theatre. Their offer was declared the most economically advantageous. The total estimated price is EUR 6.57 million (no VAT). If no complaints are received, the contract will be signed soon and construction work will…
Swedish ferry company Stena Line will deploy two new, large and modern ferries on its Ventspils-Nynashamn route. The first of them – Stena Scandica arrived at Nynashamn port on July 27, after departing on its maiden voyage from Ventspils, as reported by Stena Line Group. The new ferry’s passenger compartment capacity is up by 70%…
In five months Latvia produced 20.242 million liters of alcoholic beverages, excluding beer. Compared to the five months of 2020, this is 0.4% more, according to data on excise goods compiled by the State Revenue Service. A drop in production volumes is observed for intermediate products containing less than 15% of alcohol – by 39.6%.…
In Q1 2021, Latvia’s state budget deficit ratio to GDP was larger than the average in the European Union, according to the data published by Eurostat for 22 EU member states. According to this data, Latvia’s budget deficit in January-March was 8.6% of GDP. In Q1, budget deficit was observed in nearly all EU member…