In January, the Freeport of Riga handled 1.7 million tons of cargo, down by 20.3% YoY. According to the port’s statistics, handing of grain increased by 42.3%, to 275,000 tons, coal handling fell by 99%, to 4,000 tons, chemicals – by 16.1%, to 102,200 tons, ore – 99,600 tons (no handling in January 2020), wood…
Latvian public transport company AS Pasazieru vilciens has started putting together its new trains. It is expected the new trains may start appearing on railways in Latvia in the coming months, as confirmed by AS Pasazieru vilciens board chairman Rodzers Janis Grigulis. He says discussions with the train supplier Skoda Vagonka still continue in regards…
Families with children are among social groups that have been impacted by Covid-19 the most. This is why they have been picked to become the first to receive the single-time unconditional benefit. However, Latvia’s government has no intention of stopping there – support is promised to other groups of society, said Latvia’s Prime Minister Krisjanis…
The state budget program Financing for Emergencies will be increased by another EUR 500 million, making so that the planned funding amount for emergencies exceeds EUR 800 million this year. Initially it was planned to allocate EUR 26.73 million for emergencies for Latvia’s state budget of 2021. In January, however, Finance Ministry submitted to the…
Freights with added value represent the future for Latvian ports, as both ports and the state would benefit from them, says board chairman of Liepaja Special Economic Zone (SEZ)-based company Terrabalt, Liepaja Port Tenants Association representative Aris Ozolins. He said the decline of coal freights was enormous at Latvian ports. However, looking at it from…
As of the end of January, the registered unemployment level in Latvia was 8% of the economically active population, up by 0.3% MoM, according to information from the State Employment Agency (NVA). There were 72,612 unemployed people in Latvia as of the end of January, up by 3,007 people. The lowest registered unemployment level observed…
In December 2020, the foreign trade turnover of Latvia amounted to EUR 2.56 billion, which at current prices was 5.8% larger than a year ago, of which the exports value of goods was 12.5% higher, but imports value of goods – 0.9% higher. In December 2020, Latvia exported goods in the amount of EUR 1.15…