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…
The government on October 14 approved amendments to the Law on Support for the Civilian Population of Ukraine, which provided for the discontinuation of several assistance measures, including one-time benefits for starting employment or self-employment. According to the Ministry of the Interior, the flow of Ukrainian citizens arriving in Latvia this year has remained relatively…
The government has approved amendments prepared by the Ministry of Defence to the Military Service Law and the Service Pensions for Military Personnel Law, which will gradually increase the maximum age for active military service for certain categories of soldiers. The amendments, developed at the Cabinet’s request, are intended to extend the maximum age limit…