Compared to February 2020, total retail trade turnover reduced by 8.5% in February 2021. Turnover of retail trade in food products grew by 1.7%. Retail trade in non-food products (except for retail sale of automotive fuel) decreased by 21.5%, but turnover of retail sale of automotive fuel – increased by 5.2%. The most notable turnover…
In accordance with multiple sections of EU regulations, Latvia’s Food and Veterinary Service (PVD) has decided to pull from trade eggs imported from Ukraine. The reason for this is that those eggs are improperly labeled, misleading consumers about the method laying hens were treated. The eggs in question were imported from Ukraine. However, the packaging…
Latvian researchers have found five active chemical compounds that may serve as the base for the development of SARS-CoV-2 medicine in the future. However, currently the properties of these compounds do not yet meet the standards of medicines normally submitted for clinical trials, as reported by the head of the Laboratory of Physical Organic Chemistry…
In February, Latvian residents performed 27% of their weekly transactions in cash form (36% last year), according to data of the Transaction Radar of the Bank of Latvia. At the same time, the average number of transactions performed by residents in cash form every week has also reduced. While in February 2020 residents performed an…
Latvia’s state budget program for emergencies will be increased by another EUR 500 million this year, to EUR 1.32 billion. Initially it was planned to allocate EUR 26.73 million towards this budget program in 2021. In January, Finance Ministry submitted an order to the government and Crisis Management Council to increase this amount by EUR…
In February, actual unemployment rate comprised 9.1%, up by 0.3% MoM. Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.2%, up by 0.2%. Unemployment rate increase may be observed when comparing the data to the February of the previous year – of 1.5% in actual unemployment rate and 1.9% in registered unemployment…
Last year there were 19.5 thousand vacant jobs in Latvia. When compared to 2019, their numbers have declined by 9.6 thousand or by 33%, according to data from the Central Statistical Bureau of Latvia. In the private sector there were 11.7 thousand vacant jobs and 7.8 thousand in the public sector. Compared to the previous…