As the emergency situation in the country was lifted, the share of employees working remotely reduced. In June, a total of 15.5% or 117.1 thousand of employees aged 15-74 years worked remotely, down by 2.7% or by 18.8 thousand MoM. 70% of women and 30% of men were working remotely. In June, one fifth of…
Checks of creditors of the liquidated ABLV Bank are planned to be completed until the end of next year, whereas the money owed to them is planned to be returned until the end of 2022, the bank’s liquidator Andris Kovalcuks has announced. He said that more than 14,000 of the bank’s former clients had fully…
On the Via Baltica highway that spans across the Baltic States, road works take place on its Latvian section near Saulkrasti. The works make the travel by car longer by approximately one hour, state road network operator Latvijas Valsts Celi informs. The traffic on the A1 highway near the seaside town of Saulkrasti is the…
The Latvian Competition Council has allowed the multinational alcohol producer Amber Beverage Group to acquire decisive influence in the Latvian iconic restaurant chain and food producer JSC Lido. The competition watchdog has not found significant harm to competition arising from the deal in the area of the production of alcoholic beverages, therefore the deal has…
In June, actual unemployment rate comprised 9.8%, up by 0.2% MoM. Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.6%, and, compared to May, rose by 0.2%. Unemployment rate increase may be observed also when comparing the data to the June of the previous year – of 3.5% in actual unemployment rate…
In the first half-year of 2020, the number of passengers carried in buses and trains on regional routes was 15.84 million, down by nearly 33% YoY, according to the Road Transport Administration. The volume of bus route network also reduced, because buses routes were not automatically organized after the end of the state of emergency.…
This year AS Sadales tikls plans to invest more than EUR 60 million in efforts to restore existing power lines to restore 1,600 km of power lines, 460 transformer sub-stations, as well as reconstruct in sub-stations Janciems, Milgravis, TEC-1, Valka, Salacgriva and Plavinas, as reported by the company. Planning investment projects and technical solutions, AS…