Swedbank’s profit in Q1, compared to the same period of 2018, grew to EUR 29 million. The reason for this was increased economic activity by the bank’s clients and therefore bigger income for the bank, as reported by the bank’s representative Janis Krops. Net interest income, when compared to Q1 2018, grew by 6%, which…
Latvia’s Competition Council has applied a fine of EUR 2.4 million to Riga’s public transport company Rigas satiksme for participating in a prohibited agreement in the so-called nano-water case, as reported by the council on April 24. The Competition Council uncovered a prohibited agreement in two of Rigas satiksme’s price surveys on procurement of nano-technological…
The situation with Deglava Bridge in Riga is the result of past policy, said Latvia’s Prime Minister Krisjanis Karins. This is the result of the municipality investing money in free tickets instead of infrastructure, said the prime minister. He also said that dismissal of conclusions made by the State Construction Control Bureau, as was done…
Latvian road construction company SIA Binders experiences a shortage of workers. Because of that, the company plans to attract guest workers from Ukraine and Belarys, says Bindars board chairman Aigars Seja. “The situation remains largely unchanged year after year. The number of potential workers keeps getting smaller. We search for people every season. Our human…
The number of laying hens in Latvia, when compared to 2017, increased by 19.2% in 2018, reaching 3 million, according to data from the Central Statistical Bureau of Latvia. Compared to the previous year, the total number of domestic birds has increased by 9.3%, reaching 5.4 million, which is the largest index since 1992. Opposite…
Although sunlight in Latvia is an underappreciated source of energy, there has been an increase of interest towards use of solar energy among Latvian households. This is proven by the fact that in the last three years the number of households that produce their own electricity has doubled, according to data compiled by energy company…
In the field of maintenance of state roads it is necessary to outline priorities and leave only main roads with high traffic intensity and the most important regional roads in the hands of the state, said Latvia’s Transport Minister Talis Linkaits. “It is wrong for the state to answer for every gravel road. We need…