Latvia has borrowed 1.25 billion euros on international financial markets, according to information published by the State Treasury. On September 25, the State Treasury, on behalf of Latvia, priced a 10-year eurobond issue, raising 1.25 billion euros with a yield of 3.583% and a fixed coupon rate of 3.5%. Latvian government securities were purchased by…
According to an informational report submitted to the government by the Ministry of Finance titled “On Priority Measures to Be Included in the State Budget Law for 2026, 2027 and 2028”, an additional 565.5 million euros is planned for the government’s set priorities in the 2026 state budget – security, support for families with children,…
The Latvian Health and Social Care Workers’ Trade Union (LVSADA) demand for an additional 133 million euro to raise medical workers’ salaries by at least 13.5% is currently not realistic, according to the Minister of Health Hosams Abu Meri (New Unity). His communications adviser Ilona Osa noted that Latvia’s fiscal space for next year amounted…
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…