In a situation of growing global economic crisis and complications caused by the war, replacing a minister that is responsible for resolving very important economic issues is irresponsible, according to Latvian Chamber of Commerce and Industry (LTRK). Prime Minister Krisjanis Karins announced on May 16, that the Minister of Economics Janis Vitenbergs would have to…
On May 12, Latvian Saeima passed in the second and final reading urgent amendments to the Law on Assistance to Ukrainian Civilians. Amendments are intended to provide aid to persons in Latvia who voluntarily provide accommodation to Ukrainian refugees. It is planned to provide private persons with the right to receive benefits to compensate additional…
“More and more external factors emerge and strike at the food industry. This industry is in a state of crisis. Food is becoming more expensive, and our local farmers and manufacturers are becoming weaker on domestic and international markets. The crisis has grown and the future is looking rather grim,” warns director general of Latvian…
“Ukraine’s complete victory is in our interests, as is the restoration of their independence and territorial integrity. This is a requirement for lasting peace in Europe,” said Latvian Saeima speaker Inara Murniece on May 8, during her meeting with vice-speaker of Ukrainian parliament Olena Kondratiuk. During their meeting, the parties discussed aid for Ukraine in…
Operational data on the airport performance showed that this April, more than 419 thousand passengers used Riga Airport; in turn, in the first four months of the year the airport serviced over 1.1 million passengers. “The increase in the number of passengers in April is related to both new and renewed routes from Riga at…
Compared to March 2021, industrial production output rose by 6.3% in March, according to calendar adjusted data at constant prices. Output increase was registered in manufacturing (+10%) and mining and quarrying (+9.2%). In turn, the supply of electricity and gas decreased by 18.6% due to a decrease in the volume of electricity produced in CHP…
In April, Latvian state company Latvian State Roads (LVC) received letters from all major construction companies engaged in road construction procurements. Construction companies outlined in letters they are unable to do their jobs at the prices that were proposed before February 24, when Russia invaded Ukraine. The offers received in procurements in March and April…