Latvia’s State Real Estate (VNI) has commenced a new tender for the future reconstruction of New Riga Theatre (JRT). The funding left unspent this year – EUR 7 million – was returned to the state budget. The government plans to divert this money to other needs. Funding is planned to be recovered in accordance with…
The general agreement on minimal wage in the construction sector states that the minimum gross wage is to reach EUR 780 and hourly rate – EUR 4.67 – in the entire industry in Latvia. The agreement also outlines to option to receive 5% bonus if the employed person has appropriate education, which guarantees a wage…
In August the foreign trade turnover of Latvia amounted to EUR 2.37 billion, which at current prices was 9.5% less than in August 2018, of which the exports value of goods was 2.1% lower, and imports value of goods – 15.1% lower. In August Latvia exported goods in the amount of EUR 1.1 billion, but…
Justice Minister Janis Bordans allows for the possibility of constructing Liepaja Prison using a public and private partnership model, as confirmed by the city council after meeting with Liepaja Prison Administration and the minister. The ministry’s representatives were shown city’s development trends and socio-economic situation in Liepaja, ports, airport development and topical developments in entrepreneurship.…
At the end of September the level of registered unemployment level was 5.7% of Latvia’s economically active population, down by 0.2% MoM, as reported by State Employment Agency. There were 52,595 unemployed people registered with SEA at the end of September, down by 1,795 people. The lowest unemployment level in Latvia was noted in Riga…
A regulation for procurements could help standardize and centralize them using ministries involved, for example, said Latvian Economy Minister Ralfs Nemiro. The minister described his idea using the purchase of a school bus as an example. It is not the same as a municipality purchasing one of two buses. Instead the procurement is performed by…
Cartels are not a sudden appearance in Latvia, it is a phenomenon that has been swept under the rug for a long time, as experts explained at the “Competition in business: influence of cartels, lobbyist activity and black PR” discussion organized by Turiba University. Corruption Prevention and Combating Bureau’s (KNAB) former head Jaroslavs Strelcenoks said…