In January-November the port of Ventspils handled 19.471 million tons of cargo, up by 4% YoY, the port authority reported. Transshipment of liquid bulk cargo fell by 2%, to 9.615 million tons, and general cargo – by 7%, to 2.307 million tons, while dry bulk cargo grew by 17%, to 7.549 million tons. The port’s…
SEB Bank clients who have a mobile phone with Android OS are now able to pay for goods and services using their phones. It is possible to use mobile phones for transactions up to EUR 150 in Latvia and abroad using contact-free terminals, the bank reports. To use a smartphone for transactions, it is necessary…
Every year each household in Latvia spends 200 and more euros on food that ends up thrown away, as concluded in a research performed by Environment Protection and Regional Development Ministry. Aside from food, people also throw away packaging, which makes it impossible to recycle. In December the ministry commenced a special initiative “Thrown out,…
As part of the expansion of the Origo shopping center and the construction of the Origo One business center, reconstruction of the Elizabetes and Satekles street crossing in December will be performed by Linstow Centre Management (LCM). LCM project director Andris Kublacovs says the crossing between Elizabetes and Satekles streets is one of the most…
In October the level of producer prices in Latvian industry dropped by 0.6%. The level of prices of products sold on the domestic market dropped by 0.6%, and prices of exported products – by 0.5%. The level of prices of products exported to euro area countries decreased by 0.4% and of products exported to non-euro…
One major priority for the Bank of Latvia should be responsibility over the stability of the financial system, said potential candidate for the post of the Bank of Latvia and ex-chairman of the Finance and Capital Market Commission (FKTK) Uldis Cerps. The contender for the important post said it was highly important to outline this…
To find necessary funding for healthcare, Latvia’s Finance Minister Janis Reirs proposes creating “a fair system” in the context of the expected tax reform in which all employed taxpayers will be able to participate. On November 20 the minister mentioned that 600,000 taxpayers paid social tax in full, which was used to finance healthcare. 250,000…