In 2019, Latvian Consumer Dispute Resolution Commission received a total of 176 applications, up by 58 applications YoY, as reported by Consumer Awareness and Communication Office head Santa Zarane. Over the course of 2019 the commission received the majority of applications (94) detailing complaints related to the compliance of the quality of goods with standards.…
Compared to December 2019, the level of construction costs in Latvia fell by 0.2% in January 2020. Labor remuneration of workers reduced by 0.9% andprices of building materials – by 0.1%, but maintenance and operational costs of machinery and equipment rose by 0.2%. In January, the average level of construction costs was mostly affected by…
The coronavirus Covid-19 may force corrections to Latvia’s economic growth outlook, according to European Commission’s (EC) representatives in Latvia. EC’s report on Latvia published on February 26 mentions that the country’s GDP growth may be 2.3% in 2020 and 2.4% in 2021. Compared to the outlook for Latvia’s GDP growth in 2020 reported by EC…
Over the course of two years, Latvia’s list of state-compensated medicines has been expanded with only two modern generation medicines for cancer treatment, which is less when compared to Lithuania and Estonia, as reported by Association of International Innovative Pharmaceuticals Producers (SIFFA) director Valters Bolevics. In Latvia the two latest additions to the list of…
When compared to the same period of the previous year, Latvia had a lower GDP than the average in the European Union in Q4 2019, according to data published by Eurostat for 20 of the union’s countries. According to seasonally adjusted data, Latvia’s GDP increased by 1% in Q4 2019. A more rapid economic growth…
The Freeport of Riga Authority has completed reconstruction of the FG levee, an embankment built to protect the main waterway. It is located in the territory of the Freeport of Riga, on the left bank of the River Daugava, and stretches over a total distance of 1.51 km. The FG levee was built from 1889…
In January, the Freeport of Riga handled 2,130,200 tons of cargo, down by 25% YoY. Transshipment of dry bulk cargo fell by 33.1%, to 1,265,000 tons, liquid bulk cargo – by 8.5%, to 259,300 tons, and general cargo – by 9.2%, to 606,200 tons. The port’s container throughput climbed by 0.2%, to 428,156 TEUs. In…