In April-June, unemployment rate comprised 8.6%. Compared to the previous quarter, rate of unemployment has risen by 1.2%, but during a year – by 2.2%. In the result of Covid-19 crisis, the number of unemployed increased. In Q2, the number of unemployed persons aged 15-74 comprised 83.5 thousand, up by 22 thousand YoY and by…
Considering that state support to help reduce the impact of COVID-19 crisis on the economy has already reached 9% of Latvia’s GDP, the Fiscal Discipline Council (FDP) has once again asked the government to limit new economy-stimulating measures and instead start thinking about gradual reduction of the state debt. This much was concluded by FDP…
No increase of the tax burden as a result of the reform is acceptable, Prime Minister Krisjanis Karins has said after meeting with coalition partners. Karins promised to do everything to ensure the government is able to look at Finance Ministry’s prepared report on possible changes to the tax system, put rumors to rest and…
Latvian electricity transmission network maintenance company AS Augstsprieguma tikls (AT) plans to reduce transmission tariffs and increase the transmission capacity maintenance fee, according to the tariff project published in Latvian Herald. The tariff project has been submitted to the Public Utilities Commission (SPRK) for approval. Representatives of AT say transmission tariff changes directly affect only…
In June, retail trade size in Latvia, when compared to the same month of 2019, increased by 4.6%, which was higher than the average in the European Union, according to data compiled and published by Eurostat for 24 member states. When compared to the same month of 2019, a more rapid retail trade growth was…
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…