The Competition Council (KP) has imposed a total of 513,508 euros in fines on the companies Adapteris, Alpex, Infrakom, Siltumtehserviss and Apkure IM for participating in a cartel of engineering-utilities construction firms. Acting KP Chair Ieva Smite told a press conference that the uncovered cartel consisted of two groups: a Riga group (Adapteris, Alpex, Infrakom)…
The World Bank has estimated that Ukraine’s reconstruction will require at least 500 billion euros, while Ukraine’s official institutions suggest the figure could be twice as high. The question of how to help Ukraine recover was also discussed by Ukrainian and Ventspils entrepreneurs during an off-site session of Ukraine’s Transport Infrastructure Development Committee, held in…
Global Positioning System (GPS) disruptions in Latvian airspace were recorded 969 times during the first eight months of this year – 2.6 times more than in the same period last year, representatives of the state-owned company Latvijas gaisa satiksme (LGS, Latvian Air Navigation Services) reported. In August alone, 195 GPS disruptions were registered – 19.5…
In July, Latvia’s unemployment rate stood at 6.6%, higher than the European Union (EU) and euro area averages, according to data published on September 1 by the EU statistics office Eurostat. Among EU member states, higher unemployment rates in July were recorded in Spain (10.4%), Finland (9.5%), Sweden (8.7%), Greece (8%), France (7.6%), Estonia (7.2%)…
The Ministry of Economy, Environment and Agriculture of Ukraine and the Ministry of Agriculture of the Republic of Latvia have signed a protocol on mutually beneficial cooperation in the fields of agriculture, food safety and rural development. The document, based on a previously concluded Memorandum of Understanding between the two countries, was signed by Ukraine’s…
A meeting between the Prime Ministers of Ukraine and Latvia, Denys Shmyhal and Evika Silina, took place in Kyiv. The parties discussed bilateral cooperation across various sectors. The Head of the Ukrainian Government expressed gratitude to Latvia for its support and consistent assistance to Ukraine in military, political, humanitarian and sanctions-related areas. “We value Latvia’s…
The implementation company of the “Rail Baltica” railway project in Latvia, SIA Eiropas Dzelzcela linijas (EDzL), and the mainline constructor ERB Rail have signed an agreement to start construction work. Construction of the Rail Baltica mainline in Latvia will begin on the southern section from Misa to the Lithuanian border, which is divided into several…