The railway electrification project in development by LDz is potentially lethal for Latvia’s national economy, says former head of Corruption Prevention and Combating Bureau’s Operative Investigations Office Juris Jurass, adding that it may be one of the biggest crimes currently being planned in the country. Jurass asked Aivars Lembergs if talks similar to those that…
In 2016 gross consumption of renewable energy resources in Latvia constituted 68.7 petajoules (PJ). Compared to 2015, the consumption of renewables has risen by 5.7%, whereas over the past ten years – by 14.1%. As the gross consumption of renewable resources (mainly formed by domestic energy resources) increased, Latvian dependence upon imported energy resources reduced…
Latvian State Border Guard currently evaluates offers for procurement of new helicopters. The country’s National Armed Forces, one the other hand, has no plans to procure new helicopters in the near future. Until then, old helicopters will be kept repaired and in battle-ready condition, according to available information. It should be noted that Latvia currently…
Compared to Q1 Latvia’s gross domestic product at constant prices increased by 1.2% in Q2. Compared to the corresponding period of 2016, in Q2 the GDP grew by 4% according to seasonally and calendar non-adjusted data and by 4.8% according to adjusted data. In Q2, the GDP amounted to 6.8 billion euros at current prices…
Latvia’s unemployment level was 8.5% in July. This is the eighth highest level among EU member states, according to data published by Eurostat. According to this data, unemployment levels were higher in Spain (17.1%), Italy (11.3%), Cyprus (10.8%), Croatia (10.6%), France (9.8%), Portugal (9.1%) and Finland (8.8%). The lowest unemployment levels were registered in the…
Compared to July 2016, the total retail trade turnover rose by 3.9% in July 2017. Turnover of retail trade in food products increased by 4.6%, and turnover of retail trade in non-food products grew by 3.3%. The most significant turnover growth in non-food product group was recorded in retail sale of information and communication equipment…
The number of companies that are indebted to State Revenue Service continues to increase. Since May there has been an increase in the number of people engaged in business activities, as well as the number of debtors to SRS, according to data from the Credit Information Bureau. CIB’s database has information about 44,000 businesses’ and…