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…
This year’s September may turn out rather good for gardening and fruit harvest, predicts Latvian Rural Advisory and Training Centre’s senior gardening specialist Maris Narvils. He says there are currently no concerns for any sudden weather changes to impact fruit growers in the coming weeks. September may be rather beneficial to gardening work and fruit…
The law that provides stricter language requirements for procurement of agriculture land is not discriminatory towards citizens of other European Union member states, says Latvian Agriculture Ministry, commenting on complaints submitted to EC center for setting conflicts Solvit by foreign businessmen in relation to the requirements imposed by Latvia on privatization of land. “According to…
State institutions have to perform specific functions to secure payment of taxes in the interest of all residents. Without a doubt, every person working in state administration should promote awareness of residents on the importance of paying taxes. However, according to international practices, there are other creative tools to motivate people to participate voluntarily, explains…