58% of residents in Latvia have a good credit rating, and the pandemic has not significantly impacted their ability to make payments on time. For 34% of residents loans in banks are not available because of their low credit rating, according to statistical data from the Credit Information Bureau on residents’ credit rating in December.…
Despite challenges in the cargo transportation sector – the Covid 19 crisis and the sharp decline in Russian transit cargo, many stevedoring companies in the port of Riga will finish the year with positive indicators and an increase in cargo turnover. According to the operational data of the Freeport of Riga Authority, currently 19 of…
Ainars Ozols has been re-approved as the chairman of Riga municipality’s Rigas satiksme Council, as confirmed by the company. On December 22, the new council of Rigas satiksme gathered for the first meeting. The council consists of Ozols and Normunds Narvaiss, as well as newly appointed Rolands Panko. The new council was elected through an…
On December 21, Latvia’s Saeima approved urgent amendments to the Law on Unemployment Insurance in the final reading. These amendments will extend the term during which unemployment assistance benefits are paid to people who fail to find a job after the end of the unemployment benefit period. The aforementioned term is thereby extended until June…
In November, passenger turnover at Riga Airport decreased by 90.9% YoY. The total number of flights was 1,903, down by 70.1%. The total volume of arrivals and departures of freight and mail has decreased by 4.5%. In November, the total number of passengers arriving and departing from Riga Airport was 50,222, down by 40.4 thousand…
In January-November, the Freeport of Riga handled 21.82 million tons of cargo, down by 27.4% YoY. According to the port’s statistics, handing of grain increased by 34.5%, to 2.57 million tons, coal handling fell by 72.9%, to 2.6 million tons, chemicals – by 15.9%, to 1.33 million tons, ore grew by 14.3%, to 607,200 tons,…
President Egils Levits promulgated the Law on State Budget for 2021, the Law on Medium-Term Budget Content for 2021, 2022 and 2033, as well as laws associated with the budget for 2021. Still, the president also offered a detailed assessment of the content of the state budget and the procedure under which the law was…