Viktoras Pranckietis, the speaker of the Lithuanian Seimas, says Latvian Prime Minister Krisjanis Karins has reassured him that his country does not intend to purchase electricity from Belarus’ Astravyets nuclear plant under construction close to the Lithuanian border. “I met with the Latvian president, the chairwoman of the Saeima and the prime minister in Aglona…
The Deposit Guarantee Fund is sufficient to pay compensations to affected PNB Bank clients. This means not a cent from Latvia’s state budget will be used, said Latvia’s Finance Minister Janis Reirs. Reirs stressed that Latvia’s deposit guarantee system was secure and it was commendable that 99.2% of PNB Bank’s depositors would be able to…
Although the Latvian excise duty on strong alcoholic beverages has been cut by 15%, retailers haven’t yet lowered prices, as they are still selling the products purchased at the previous tax rate, Henriks Danusevics, president of the Latvian Traders Association, announced. Danusevics explained that retailers could start buying alcoholic beverages at the reduced tax rate…
In June foreign trade turnover of Latvia amounted to EUR 2.19 billion at current prices, down by 10.3% YoY, of which exports value of goods fell by 8.2% and imports value of goods by 11.9%. Latvia exported goods in the amount of EUR 982.9 billion and imported in the amount of EUR 1.21 billion, according…
Riga municipality’s public transport company Rigas satiksme (RS) has announced a personnel selection process to pick the fifth company council member, according to information published in Latvian Herald. The offered wage is EUR 1,650 before taxes. The council member is required to have higher education in law, at least Master’s degree or 2nd level vocational…
Construction work of the second stage of the Island Bridge project is ahead of schedule. However, at the same time, residents complain about the organization of traffic for pedestrians and cyclists. Riga City Council’s officials visited the bridge on July 31 to overlook progress with construction. As the delegation was told by Riga City Council…
A 15% lower excise duty rate on strong liquor is to enter into effect in Latvia on August 1. The reduced excise duty rate will apply through February 29, 2020. The reduced rate will not apply to beer, wine or other alcoholic beverages containing up to 22% pure alcohol. On July 8 the Saeima passed…