Compared to April, the level of construction costs in Latvia increased by 21.6% in April. Prices of building materials rose by 30.3%, maintenance and operational costs of machinery and equipment – by 17% and labour remuneration of workers – increased by 8.7%. In April, compared to March, the level of construction costs rose by 3.1%.…
In January-March, Latvian unemployment rate constituted 7.3%. Over the quarter unemployment rate grew by 0.2%, while over the year it fell by 0.8%. In Q1, there were 68 thousand unemployed persons aged 15-74 (inclusive), down by 6.7 thousand YoY, but up by 1.5 thousand QoQ, according to data of the Labour Force Survey (LFS) conducted…
Managers of Belarusian state-owned sanatorium Belorusija and Russian state-owned sanatorium Jantarnij bereg in Jurmala have been blacklisted by Latvian authorities. Latvian State Security Service (VDD) confirms that Russian citizen Viktor Danilohs and Belarusian citizen Aleksandr Gruzdov have been in focus of the service for a long time for activities that may serve Russian state interests…
Latvian Minister of Defence Artis Pabriks has met with US Congress representatives Don Bacon, Ruben Gallego and Sara Jacobs. During the meeting, Pabriks asked the US to increase military aid for Latvia. The parties met to discuss the current geopolitical situation following Russia’s invasion of Ukraine, Latvian-US mutual cooperation in defence and the need to…
Compared to April 2021, the level of producer prices in Latvian industry increased by 29.9% in April. The level of prices of products sold on the domestic market increased by 39.6% and prices of exported products – by 21.8%. Prices of products exported to euro area countries rose by 26.5% and prices of products exported…
On May 20, JSC Virsi-A (Virsi) signed a contract with JSC Skulte LNG Terminal on the acquisition of 20% of the company’s shares. Plans were announced to jointly develop the liquefied natural gas (LNG) terminal at Skulte seaport, as reported by Virsi. The company notes that Skulte LNG terminal project has a unique geographical, economic…
Latvian State Audit said that the report on Ministry of the Interior 2021 annual account underlined multiple capacity problems at multiple institutions that answered to the ministry – the Ministry of the Interior Information Centre, Provision State Agency and Office of Citizenship and Migration Affairs. Ministry of the Interior Information Centre has used up only…