To reduce patient fees for healthcare services in Latvia, which are some of the highest among EU member states, the Ministry of Health has prepared and submitted for a public discussion a conceptual report on financial accessibility of medicines, the ministry reports. One of the proposals is reducing VAT rate from 21% to 5% in…
Latvia’s economy has done well to weather the crisis caused by Covid-19. However, Russia’s invasion of Ukraine has worsened recovery perspectives, as mentioned in European Commission’s 2022 report about Latvia. According to the European Commission, the effect of the crisis on Latvia’s economy was lower than the average in the European Union. Its recovery was…
On June 2, the Saeima conceptually supported amendments to the Law on Gambling and Lotteries that provided for restricting gambling restrictions. Amendments provide for prohibiting persons younger than 21 years from gambling. Currently persons younger than 18 years are not allowed to gamble. Amendments were initiated to protect residents who had yet to form an…
As of May 31, Latvia has donated more than 1 million doses of anti-Covid vaccines to third countries, as reported by the National Health Service. The biggest number of vaccines was for Vaxzevria – 452,400 doses. Of this amount Latvia has donated 64,200 doses to Tunisia, 115,000 to Egypt, 80,000 to Benin, 55,200 to Kenya,…
Latvian parliament’s Public Administration and Local Government Committee decided to not support the proposal for giving municipalities the right to fully restrict gambling activities within their respective territories. The proposal was submitted by Seaima deputy Viktors Valainis prior to the third reading of the Law on Local Governments. He proposed “issuing commercial permits and licenses,…
Compared to Q1 2021, gross domestic product (GDP) rose by 6.7% in Q1 2022, according to seasonally and calendar non-adjusted data at constant prices. GDP at current prices was EUR 8.1 billion. As compared to the previous quarter, GDP went up by 3.6% (according to seasonally and calendar adjusted data at constant prices). Compared to…
The turnover of liquefied petrol gas importer LLC Intergaz was EUR 19.857 million in 2021, up by 64.4% YoY. However, the company’s profit decreased by 34.8%, to EUR 198,068. The annual account from the company indicated that last year Intergaz continued working on improving competitiveness and developing employees’ skills in management, project management and various…