Latvian Competition Council investigates another potential construction cartel
Latvian Competition Council has suspicions of a possible tender coordination among some of the biggest road construction companies in the country. Searches were…
Category: Business
PHOTO: two new Stena Line ferries to be deployed on Ventspils-Nynäshamn route
Staying true to the plan to expand operations in the Baltic Sea, Swedish Stena Line has invested EUR 200 million in the Ventspils-Nynäshamn…
Lithuania changes travel rules for Denmark, Finland
As the epidemiological situation in Denmark, Finland and Luxembourg has improved, Lithuania has removed them from its red list of travel restrictions, where…
Rail Baltica Estonia chief: the project will not be ready by 2026
Although construction Rail Baltica railway line is already underway in all three Baltic States, it is not possible to accomplish the project in…
LPUF: growth of food prices will continue in Latvia
The situation in the food production sector is critical. The reason is because growth is observed on all positions of expenditures. This means…
Retail trade volume in Latvia up 3.7%
Compared to August 2020, total retail trade turnover rose by 3.7 %in August 2021. Turnover of retail trade in food products declined by…
PHOTO: the long-awaited opening of Lidl in Latvia
Food products, household goods, low prices, new products – just some of the reasons why Latvians have awaited the opening of Lidl chain…
Latvian government agrees to reduce VAT for books and printed press to 5%
Books and printed press will be applied with Value Added Tax (VAT) of 5% from now on, as decided by Latvia’s government. VAT…
Bank of Latvia upgrades GDP growth outlook to 5.3% for 2021
The Bank of Latvia has upgraded the GDP growth outlook from 3.3% to 5.3% for 2021, as confirmed by the central bank’s Monetary…
