It would not be right to postpone the planned tax reform because of the illness spreading in Latvia because of Covid-19 coronavirus. It should be implemented at least partially, said Bank of Latvia governor Martins Kazaks on March 24. “It is clear it will not be possible to revise the tax system, but there are…
Compared to January, in February the level of producer prices in Latvian industry fell by 0.3%. Prices of products sold on the domestic market reduced by 0.2% and prices of exported products – by 0.4%. Prices of products exported to euro area countries decreased by 0.5% and prices of products exported to non-euro area countries…
It has been decided to shut down all international passenger services starting from March 17, as announced by Latvia’s Prime Minister Krisjanis Karins after an extraordinary meeting of the government. The shutdown extends to the railway, airport and buses. People who wish to return home from Latvia or return to Latvia will be able to…
In 2019 the share of households who paid for usual necessary expenses with difficulty or great difficulty constituted 28.6%, down by 7.1% YoY. The share of households making ends meet with some difficulty or fairly easily increased between 2018 (56.8%) and 2019 (62.4%), as had the proportion of households making ends meet easily or very…
During the development of the 2020 budget for Latvia, parties forming the coalition conceptually agreed on an increase of wages for teachers starting with September 1, as reported by Education and Science Ministry. To discuss Education and Science Ministry’s planned steps towards increasing teachers’ wages, minister Ilga Suplinska and ministry representatives plan to meet with…
At the end of February the level of registered unemployment in Latvia was 6.3% of economically active population, down by 0.1% MoM, as reported by the State Employment Agency (NVA). At the end of February a total of 58,247 unemployed people were registered with NVA, down by 585 people. The lowest registered unemployment level at…
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.…