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…
The Latvian airBaltic airline carried 393,312 passengers in July, up by 21% YoY. The number of passengers carried by airBaltic remains the highest it has ever been in the airline’s history. In the first seven months airBaltic carried 1,958,774 passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East. airBaltic CEO Martin Gauss…
Commission for money withdrawal from DNB Bank’s ATMs has been introduced by Swedbank and only for its own clients, DNB Bank’s representatives say. “DNB Bank has not changed conditions for its clients – DNB Bank clients will still be able to withdraw money from this bank’s ATM network in accordance with previous conditions,” the bank…
Since Q2 2016, the employment rate in Latvia has increased by 0.8%. In Q2 Latvian employment rate (62.6%) was the highest recorded since Q2 2008 (63.1%). In Q2 in Latvia there were 891.7 thousand employed persons aged 15-74. Compared to the previous quarter, in Q2 the employment rate rose by 1%, while the number of…
Continuing established cooperation, State Revenue Service and Association of Hotels and Restaurants of Latvia will form a joint work group to propose legislative initiatives, SRS representatives say. On August 11, SRS met with leading officials of LVRA. According to SRS, the meeting helped address several important cooperation matters. An agreement was also reached in regards…
The price rise for butter in Latvia was affected by multiple factors. As a result, the price of butter grew to EUR 3-4.5 thousand per 1 ton in the second half of 2016. This year, however, the price has already grown to EUR 6.3 thousand per 1 ton, as reported by Latvian Association of Traders.…
During the meeting between Danish ambassador in Latvia Hans Brask and Riga Freeport CEO Ansis Zeltins, the two officials discussed the possibility of creating a new cargo and passenger ferry line between Denmark and Riga, as confirmed by the freeport’s representative Vita Gerharde. She said the ambassador visited Riga Freeport on August 9. The main…