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…
Due to epidemiological crisis caused by Covid-19, the foreign trade turnover of Latvia amounted to EUR 1.93 billion in May, which at current prices was 24.1% less than a year ago, of which the exports value of goods dropped by 16.8% and imports value of goods – by 29.6%. In May, Latvia exported goods in…
The prices of disinfection products and their availability have stabilized. Supply of facemasks and respirators is limited in multiple categories, but their prices remain stable, as concluded in a price monitoring study performed by the Consumer Rights Protection Centre (PTAC). On March 9, PTAC commenced price monitoring for items of first necessity in four biggest…
The repair season continues on state roads in Latvia. Drivers have to keep in mind possible traffic restrictions on many state and regional roads. Currently repair work continues on Jurmala, Tallinn, Vidzeme, Daugavpils and Jelgava highways, as reported state road maintenance company Latvijas Valsts celi (LVC). On Jurmala Highway (A10) road traffic is organized in…
Latvia’s gross domestic product (GDP) will decline by 7.3% this year. Next year the country’s economy will grow by 4.7%, according to international ratings agency Moody’s Investors Service, Inc. (Moody’s). According to Moody’s estimates, Latvia’s credit rating, which is at A3 level, is supported by three main factors – flexible and relatively varied economy, the…
At the beginning of June total tax debts in Latvia, including active, halted and extended debts, reached EUR 989.207 million, up by 3.6% MoM, according to data from the State Revenue Service (VID). The most rapid increase was observed for social insurance fee debts. Nevertheless, the growth rate has reduced in comparison with the previous…
Compared to April, the level of construction costs in Latvia increased by 0.1% in May. Labor remuneration of workers rose by 1.4%, maintenance and operational costs of machinery and equipment – by 0.1%, but prices of building materials – reduced by 0.5%. In May, the average level of construction costs was mostly affected by an…