As part of the expansion of the Origo shopping center and the construction of the Origo One business center, reconstruction of the Elizabetes and Satekles street crossing in December will be performed by Linstow Centre Management (LCM). LCM project director Andris Kublacovs says the crossing between Elizabetes and Satekles streets is one of the most…
In October the level of producer prices in Latvian industry dropped by 0.6%. The level of prices of products sold on the domestic market dropped by 0.6%, and prices of exported products – by 0.5%. The level of prices of products exported to euro area countries decreased by 0.4% and of products exported to non-euro…
One major priority for the Bank of Latvia should be responsibility over the stability of the financial system, said potential candidate for the post of the Bank of Latvia and ex-chairman of the Finance and Capital Market Commission (FKTK) Uldis Cerps. The contender for the important post said it was highly important to outline this…
To find necessary funding for healthcare, Latvia’s Finance Minister Janis Reirs proposes creating “a fair system” in the context of the expected tax reform in which all employed taxpayers will be able to participate. On November 20 the minister mentioned that 600,000 taxpayers paid social tax in full, which was used to finance healthcare. 250,000…
The State Construction Control Bureau of Latvia (BVKB) has commenced an administrative process and plans to assess the work performed by certified construction experts on Z-Towers. This includes assessing reports associated with the project, as confirmed by the office’s representative Elina Balgalve. She explains that the project Z-Towers has commenced well before the establishment of…
In September the foreign trade turnover of Latvia amounted to EUR 2.44 billion, which at current prices was 1.6% less than a year ago, of which the exports value of goods was 2.5% higher, but imports value of goods was 4.6% lower. In September Latvia exported goods in the amount of EUR 1.09 billion, but…
The registered unemployment level in Latvia was 5.7% of economically active population in October, or as much as a month prior, according to data from the State Employment Agency (NVA). At the end of October a total of 52,651 unemployed persons were registered with NVA, up by 56 people. The lowest unemployment level was registered…