Foreign investors warn: Without procurement reform, Latvia will fall behind
The Foreign Investors’ Council in Latvia (FICIL) is calling for a reform of the public procurement system to attract investment and foster Latvia’s…
Category: Business
Latvia’s road transport crisis continues – dozens of bus routes cancelled due to driver shortage
Due to a shortage of drivers, passenger carriers cancelled a total of 19 bus routes on Friday, according to the website of the…
Auditors: Like a “wallet to dip into” – the state invested 545 million in airBaltic with no clear plan or oversight
The state has not monitored the recovery of investments made in Latvia’s national airline airBaltic during the Covid-19 crisis and has so far…
“Funding still unclear, but the vision is there” – Transport Minister Švinka on the future of Rail Baltica
The Ministry of Transport will conduct calculations on the potential cost savings of the railway sector reform, which includes integrating the state-owned “Eiropas…
Competition for “airBaltic” leadership – applications from 30 countries!
The competition for the position of CEO and Chairman of the Management Board of Latvia’s national airline airBaltic has attracted over 40 applications…
Tet fined 14 000 euros for withholding key contract information from customers
Latvia’s Public Utilities Commission (SPRK) has fined telecommunications company Tet 14 000 euros for failing to provide mandatory contract summaries to customers before…
“Kālija Parks” prepares for auction – Russian cargo has blocked Ventspils terminal for four years
More than 18 000 tonnes of potassium fertilizer belonging to the Russian company Uralkali have been abandoned at the Ventspils port for four…
FIU: Latvia faces elevated risk of sanctions violations due to geographical location
Latvia faces an elevated risk of violating sanctions imposed on aggressor states due to its geographical location, according to Paulis Iļjenkovs, Deputy Head…
New methodology, old concerns – will rising costs slow down green energy?
Electricity transmission system operator “Augstsprieguma tīkls” (AST) and the Public Utilities Commission (SPRK) have introduced a solution for network balancing costs that aims…
