From June 1 onward the general water supply and sewer tariff in Riga will increase by 22.4%, reaching 2.35 EUR/cubic meter instead of the current 1.92 EUR/cubic meter, according to the decision made by the Public Utilities Commission. The water supply tariff will be 1.02 EUR/cubic meter, which is EUR 0.17 more than it is…
It’s possible Latvian gross domestic product (GDP) may have increased by 4.3-5% in the first quarter when compared to the same period of 2021, according to analysts of Latvian banks. Citadele Bank economist Martins Abolins said in Q1 Latvia’s GDP growth in comparison to Q1 2021 might have been 4.5-5%. When compared to Q4 2021,…
Ministry of Welfare offers giving pensioners in Latvia another single-time benefit in December, according to the ministry’s presentation published on the Saeima’s website regarding proposals for compensation of energy price rise for households. Pensioners whose pension is under EUR 300 are proposed to be given a EUR 200 bonus, whereas for pensioners whose pension is…
The ruling coalition in Latvia plans to discuss possible solutions to compensate the rapid price rise, as journalists were told by representatives of government parties. Last week, the Minister of Welfare Gatis Eglitis presented to coalition cooperation parties the plan to increase minimal wage from EUR 640 to EUR 700 next year. On April 25,…
From May 1, onward the heating energy price will be nearly 200 EUR/MWh without VAT, according to the decision made by the Public Utilities Commission (SPRK). From May 1 until December 31, the heating energy tariff set by LLC Rezeknes Siltumtikli will be 198.13 EUR/MWh, which is 4.6 times above the current tariff – 42.8…
Terminals located at the Ventspils seaport handled 3.966 million tons of freight in the first three months of 2022, up by 10.6% YoY, according to information from Latvia’s Ministry of Transport. In Q1, a total of 2.957 million tons of freight was sent from Ventspils sea port, up by 2.8%. The volume of received freight…
The ruling coalition in Latvia has reached a conceptual agreement in favour of the proposal from the Ministry of Welfare to perform pension indexation earlier this year, as confirmed by Prime Minister Krisjanis Karins. According to the politician, this will be part of the promised aid to half a million Latvian residents who “truly need”…