In October, compared to October 2019, the average level of producer prices in Latvian industry fell by 1.3%. Prices of products sold on the domestic market have fallen by 3%, but prices of exported products have grown by 0.2%. Prices of products exported to euro area countries rose by 0.4% and prices of products exported…
In October, electricity consumption using local production sources in Latvia was covered by 54%, while in October 2019 it was possible to produce 83% of the electricity needed in the country, according to Latvia’s electricity market survey compiled by the country’s power transmission system’s operator AS Augstsprieguma tikls. In October, 333,635 MWh of electricity was…
Selective single surface treatment for asphalt roads has been performed for a total length of 374 km, up by 61% YoY, as reported by Latvijas autocelu uzturetajs (LAU). Performing road surface treatment has helped reduce future everyday maintenance costs, as it is no longer necessary to perform pothole repairs. It also helps extend the life…
Self-employed persons in Latvia who are paid less than minimal wage will pay taxes proportionate to 10% of their earnings starting next year, as agreed by parties of the ruling coalition. Prime Minister Krisjanis Karins said after meeting with parties of the government that on November 16 it was possible to resolve the remaining matters…
In January-October, the Freeport of Riga handled 19,816,300 tons of cargo, down by 27.5% YoY. According to the port’s statistics, handing of grain increased by 25.9%, to 2.13 million tons, coal handling fell by 70.7%, to 2.5 million tons, chemicals – by 16.7%, to 1.2 million tons, ore increased by 5.8%, to 507,700 tons, wood…
State Real Estate (VNI) will soon commence restoration of the facade of the Corruption Prevention and Combating Bureau (KNAB) in Riga, 1 Citadeles Street. A contract for EUR 452,630.48 (no VAT) has been signed. Work will be performed by SIA Laba maja Latvija and it is planned to be completed in spring 2021, as reported…
On November 11, Latvian Saeima’s Budget and Finance Committee supported for the final reading amendments to the Law on Social Security that provided for defining minimal income thresholds, their lowest volumes and the frequency of their review. The legislative draft has been included in the state budget legislative package. The legislative draft currently states that…