At the end of April the Port of Riga opened the 2019 cruise season when the 300-meter cruise ship MSC Poesia entered the port. MSC Poesia is owned by the cruise line MSC and brought more than 2,500 tourists to Riga during its Baltic cruise. The 10-day cruise started in Warnemunde, Germany, and had already…
Compared to March, consumer prices in April possibly grew by 0.6-0.8%, which means annual inflation in Latvia has reached approximately 3.2-3.4%, bank analysts predict. Swedbank’s acting chief economist in Latvia Agnese Buceniece notes that in April, when compared to March, consumer prices increased by 0.6%, whereas annual inflation was approximately 3.2% when compared to April…
Augusta Deglava Overpass was reopened for public transport on May 4. A speed limit of 20 km/h was imposed, however. Riga City Council, Transport Department, Riga City Construction Office, State Police and State Construction Control Office representatives agreed as much on May 3. During the joint meeting, participants discussed the option to reopen the bridge…
Latvian airline airBaltic on April 27 in Riga welcomed its 17th Airbus A220-300 jet of 2019, registered as YL-AAQ. This was the third Airbus A220-300 received this year, and five more new aircraft will have joined the airline’s fleet by the end of the year. “Thus far, airBaltic has carried over 2,350,000 passengers on the…
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…