In February, Latvia’s ability to cover electricity consumption with local energy generation continued growing – consumption was covered at 94.5%, up by 4.3% MoM and the highest index since March 2020, according to the report composed by Latvia’s transmission system’s operator AS Augstsprieguma tikls (AST). In total Latvia domestically produced 589,865 MWh of electricity in…
On March 16, Riga City Council Housing and Environment Committee supported the legislative act regarding permission to end SIA Rigas udens’ part in Aqua Riga company. As it is known, there are plans to liquidate SIA Rigas udens subsidiary Aqua Riga. On March 16, the head of the Housing and Environment Committee Edmunds Cepuritis said…
In 2020, 27.2% of households covered their daily expenses with difficulties or with great difficulties, down by 1.4% YoY. The share of households that covered their daily expenses with some difficulty or fairly easily remained unchanged (62.4% in 2019 and 62.8% in 2020). In turn, the share of households that covered their daily expenses easily…
On March 10, the State Treasury issued ten-year bonds on financial markets on Latvia’s behalf, raising financing of EUR 1.25 billion. The ten-year bonds have profitability of 0.105% and a coupon rate 0.000%, which is historically the lowest level of long-term bond profitability and coupon level achieved for Latvian state bond issue on international financial…
From March 17 onward Latvia will resume air traffic to and from third countries. Charter flights will be permitted as well, as Latvia’s government decided on March 9. At the same time, however, all unimportant travel from third countries to Latvia will remain banned. Latvia’s government viewed amendments for rules on epidemiological safety measures to…
Compared to February 2020 the average level of consumer prices decreased by 0.2% in February 2021. Prices of goods fell by 0.7%, while prices of services rose by 0.9%. Compared to February 2020, in February 2021 the average level of consumer prices was mainly influenced by the drop in prices of goods and services related…
The credit portfolio of Latvian banking sector declined by 3.9% or by EUR 523.785 million YoY in 2020 and was EUR 12.948 billion, according to data compiled by the Finance Latvia Association. The credit portfolio of banks that are members of the association has declined by 1% or by EUR 123.218 million, composing EUR 12.212…