RB Rail management warns: without state funding, Rail Baltica oversight is at risk
The Baltic states must urgently agree on a clear financing model for the joint venture AS RB Rail, otherwise the oversight of the…
Category: Business
Ports will not return to former levels: Štrodaha on new business models
Cargo turnover in Latvian ports is unlikely to return to its previous levels in the coming years, Elīna Štrodaha, a board member of…
Latvia partners with German giant Rheinmetall on 275 million euros artillery ammunition plant
On Thursday, a memorandum of understanding was signed in Germany for the establishment of a Rheinmetall munitions factory in Latvia, Prime Minister Evika…
Latvia loses 67 million euros to contraband cigarettes – consumption rising rapidly
Losses to the state budget from illicit cigarette trade reached 67 million euros in 2024, marking a 31% increase compared to the previous…
Analysts predict a drop in oil prices this fall
Various analysts believe that September will bring several factors that will lower crude oil prices on the world market. Although at the end…
Caught and fined: Competition council uncovers construction cartel and imposes half-million euro penalty
The Competition Council (KP) has imposed a total of 513,508 euros in fines on the companies Adapteris, Alpex, Infrakom, Siltumtehserviss, and Apkure IM…
Ventspils entrepreneurs ready to take part in rebuilding Ukraine’s ports and railways
The World Bank has estimated that Ukraine’s reconstruction will require at least 500 billion euros, while Ukraine’s official institutions suggest the figure could…
Head of “Rīgas Siltums” dismissed – board blames inaction during tariff hike
The Supervisory Board of AS Rīgas Siltums has expressed no confidence in Chairman of the Management Board Ilvars Pētersons for failing to take…
Will ferry traffic return to Riga? Tallink sets out conditions
One of the challenges for restoring ferry traffic from Riga is the lack of a functioning terminal building, the communications director of the…
