The total proportion of grey economy in Latvia’s fishing industry may be around 40%, says fish processing company Brivais vilnis chairman Arnolds Babris. “I think its presence in the fishing industry is roughly the same as it is in the country – around 40%,” said Babris. He admits there are companies in the industry, which…
Overall, Latvian consumers are satisfied with the purchases they make on Internet stores. 65.3% of respondents believe Internet stores are safe and reliable. 44.7% of respondents say they have never had any problems when shopping on the Internet, according to results of a survey performed by Gudriem.lv. People who have had problems often mention two…
The current market situation shows that Latvia should speed up its education reform and think about attracting additional human resources from other countries, said Latvian Finance Minister Dana Reizniece-Ozola. “We have a number of problems. We see unemployment is in decline, dropping to 7.2% in the past three years, whereas the number of employed people…
A mutual contract has been signed between Latvian Defense Ministry and Danish Defense Ministry for the procurement of anti-air missile launchers used by the Danish armed forces, as confirmed by Latvian Defense Ministry. It is planned that the launchers will be delivered in the first half of 2018. As noted by Latvian Defense Minister Raimonds…
In recent years, Latvia has managed to reduce the electricity price difference with other Baltic neighboring countries, as reported by Enefit Chairman Janis Bethers. “Although Latvian households still pay the most for electricity, these expenses will continue declining. The price difference with Estonia, which historically has the lowest wholesale prices, has declined nearly 2-fold,” says…
The high price on butter in Latvia will not remain so high for long, said Farmers Saeima Vice-Chairperson Maira Dzelzkaleja-Burmistre. “We will not have to deal with such a high price for long,” she said. She adds that the price should stabilize in the next couple of months. It is likely, however, that it will…
Next year’s fiscal space has been estimated at EUR 60 million, as noted by Finance Minister Dana Reizniece-Ozola, adding that a more precise estimate will be available at the end of August. In July, the minister predicted the country’s fiscal space might be slightly above EUR 80 million. She promised to provide precise numbers in…