The State Construction Control Bureau of Latvia (BVKB) has commenced an administrative process and plans to assess the work performed by certified construction experts on Z-Towers. This includes assessing reports associated with the project, as confirmed by the office’s representative Elina Balgalve. She explains that the project Z-Towers has commenced well before the establishment of…
In September the foreign trade turnover of Latvia amounted to EUR 2.44 billion, which at current prices was 1.6% less than a year ago, of which the exports value of goods was 2.5% higher, but imports value of goods was 4.6% lower. In September Latvia exported goods in the amount of EUR 1.09 billion, but…
The registered unemployment level in Latvia was 5.7% of economically active population in October, or as much as a month prior, according to data from the State Employment Agency (NVA). At the end of October a total of 52,651 unemployed persons were registered with NVA, up by 56 people. The lowest unemployment level was registered…
Latvia’s State Real Estate (VNI) has commenced a new tender for the future reconstruction of New Riga Theatre (JRT). The funding left unspent this year – EUR 7 million – was returned to the state budget. The government plans to divert this money to other needs. Funding is planned to be recovered in accordance with…
The general agreement on minimal wage in the construction sector states that the minimum gross wage is to reach EUR 780 and hourly rate – EUR 4.67 – in the entire industry in Latvia. The agreement also outlines to option to receive 5% bonus if the employed person has appropriate education, which guarantees a wage…
In August the foreign trade turnover of Latvia amounted to EUR 2.37 billion, which at current prices was 9.5% less than in August 2018, of which the exports value of goods was 2.1% lower, and imports value of goods – 15.1% lower. In August Latvia exported goods in the amount of EUR 1.1 billion, but…
Justice Minister Janis Bordans allows for the possibility of constructing Liepaja Prison using a public and private partnership model, as confirmed by the city council after meeting with Liepaja Prison Administration and the minister. The ministry’s representatives were shown city’s development trends and socio-economic situation in Liepaja, ports, airport development and topical developments in entrepreneurship.…