Compared to July 2019, manufacturing production output rose by 1.8% in July 2020. Production output increase was also in mining and quarrying (of 11.5%), but in electricity and gas supply there was a drop of 14.1%). Total industrial production output increased by 0.1%. Compared to the corresponding month of the previous year, production output rise…
Gaso has turned to Latvia’s Public Utilities Commission (SPRK), submitting a new tariff project for natural gas transmission system. This project provides for an increase of fixed and variable components only for small connections with low consumption, as reported by Gaso. It provides for a small fixed fee increase of 5% for second to eighth…
The majority of residents in Latvia (72%) believe the priority to assist with development of new businesses in Latvia is tax benefits, according to a survey performed by the Investment and Development Agency of Latvia Norstat Latvija as part of the innovative business ideas contest. Meanwhile, 53% of respondents admit one of the most useful…
In April-June, compared to Q2 2019, gross domestic product (GDP) decreased by 8.9% (according to seasonally and calendar non-adjusted data). In the first half of the year GDP reduced by 5.4%. In Q2, GDP at constant prices was EUR 6.9 billion. As compared to the previous quarter, GDP fell by 6.5% (according to seasonally and…
Compared to July 2019, total retail trade turnover rose by 3.8% in July 2020. Turnover of retail trade in food products grew by 1.7%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 4.4% and turnover of retail sale of automotive fuel – by 6.8%. The most notable turnover growth…
Competition Council (KP) promises to follow possible competition restrictions that could follow after the change of the management model of Lieapaja special economic zone (Liepaja SEZ), as explained in the letter sent by KP to Liepaja Port Tenants Association. At the beginning of August Liepaja Port Tenants Association “categorically objected” to Transport Ministry’s developed amendments…
Municipal company AS Daugavpils satiksme has a project application in the works for EUR 10-million co-financing from the EU Cohesion Fund in order to build a new tramway line and reconstruction one of the existing lines, as reported by the city’s municipality. The company has received an invitation from the Central Finance and Contracts Agency…