The situation in Latvian agriculture is becoming more complicated with each passing year, primarily due to climatic conditions, says Juris Lazdins, Chairman of the Board of the farmers’ organisation Zemnieku saeima. “Folk beliefs and sayings no longer come true. After severe hailstorms, we used to say that lightning doesn’t strike the same tree twice –…
President of Latvia Edgars Rinkevics has proclaimed the state budget for next year along with 46 accompanying laws, according to a notice published in the official gazette Latvijas Vestnesis. The government approved the 2026 state budget on October 14, while the Saeima adopted it on December 4. Under the 2026 state budget, revenues are projected…
In the third quarter of this year, the average gross monthly wage in Latvia was 1,835 euros, and compared to the third quarter of 2024, the average monthly pay increased by 132 euros or by 7.8%. According to data from the Central Statistical Bureau (CSP), the pay per hour worked before taxes rose to EUR…
Losses among regional public transport operators in Latvia could reach 6.95 million euros this year, according to Ivo Osenieks, president of the Latvian Passenger Transport Association (LPPA). The association has sent a letter to parliamentary party factions, calling for meetings with regional carriers to find solutions to the chronic underfunding of public transport – a…
During his working visit to Latvia, Minister of Defence of Ukraine Denys Shmyhal held talks with Latvian Minister of Foreign Affairs Baiba Braze and Speaker of the Saeima Daiga Mierina. Discussions focused on the importance of reinforcing air defence capabilities. The Ukrainian minister shared Ukraine’s experience in establishing a multi-layered air defence system and confirmed…
Each year, the UK-based international investment publication fDi Intelligence releases its “Global Free Zones of the Year” report, evaluating the performance and impact of special economic zones (SEZs) around the world across multiple categories. In this year’s edition, the Ventspils Freeport Authority was highlighted and received special recognition for its sector-oriented investment attraction strategy. The…
The international ice cream producer Froneri has signed an agreement to acquire the ice cream business of the dairy group Food Union in Europe, including its ice cream operations in Latvia, the company has announced. Specific financial details of the transaction have not been disclosed. The proposed deal – which is still subject to approval…