Minister of Finance Arvils Aseradens (New Unity) has expressed hope that work on Latvia’s 2026 state budget will soon move forward in the Cabinet. Aseradens admitted that talks with coalition partners were taking longer than usual, but said this was understandable given the very limited resources available for new political initiatives. According to him, these…
Various analysts believe that September will bring several factors that will lower crude oil prices on the world market. Although at the end of August the price of oil increased compared to the middle of the month and was traded at $68 per barrel, a short-term price decline is expected in the future. “Experts who…
The Competition Council (KP) has imposed a total of 513,508 euros in fines on the companies Adapteris, Alpex, Infrakom, Siltumtehserviss and Apkure IM for participating in a cartel of engineering-utilities construction firms. Acting KP Chair Ieva Smite told a press conference that the uncovered cartel consisted of two groups: a Riga group (Adapteris, Alpex, Infrakom)…
The World Bank has estimated that Ukraine’s reconstruction will require at least 500 billion euros, while Ukraine’s official institutions suggest the figure could be twice as high. The question of how to help Ukraine recover was also discussed by Ukrainian and Ventspils entrepreneurs during an off-site session of Ukraine’s Transport Infrastructure Development Committee, held in…
Global Positioning System (GPS) disruptions in Latvian airspace were recorded 969 times during the first eight months of this year – 2.6 times more than in the same period last year, representatives of the state-owned company Latvijas gaisa satiksme (LGS, Latvian Air Navigation Services) reported. In August alone, 195 GPS disruptions were registered – 19.5…
In July, Latvia’s unemployment rate stood at 6.6%, higher than the European Union (EU) and euro area averages, according to data published on September 1 by the EU statistics office Eurostat. Among EU member states, higher unemployment rates in July were recorded in Spain (10.4%), Finland (9.5%), Sweden (8.7%), Greece (8%), France (7.6%), Estonia (7.2%)…
The Ministry of Economy, Environment and Agriculture of Ukraine and the Ministry of Agriculture of the Republic of Latvia have signed a protocol on mutually beneficial cooperation in the fields of agriculture, food safety and rural development. The document, based on a previously concluded Memorandum of Understanding between the two countries, was signed by Ukraine’s…