Lending activity in Latvia has shrunk more than three times, Bank of Latvia reports
Lending activity relative to the size of the economy in Latvia has gone down more than three times after the global financial crisis,…
Category: Business
Latvian residents’ deposits in state bonds exceed EUR 200 million
Latvian State Treasury’s office reports that on Wednesday, the 4th of October, the volume of Latvian residents’ deposit volume in bonds issued by…
Budget Committee’s decision on mortgage loans is risky, Bank of Latvia expert warns
The decision by the Saeima Budget and Finance Committee to support amendments to the law and provide a 50% discount on consolidated interest…
Latvian ruling coalition to support only local fruit and vegetable producers
The government coalition has agreed to support only local fruit and vegetable producers instead of the entire range of producers, said Latvian Prime…
LDz chief: Kazakhstan is Latvia’s important rail transport partner
When it comes to rail transports, Kazakhstan is an important partner to Latvia, says Latvian Railway (LDz) board chairman Rinalds Pļavnieks, and the…
Ministry: Latvia and Kazakhstan are interested in expanding mutual cooperation
Over the course of the past several years road transport intensity between Latvia and Kazakhstan has increased. The overall situation in the railway…
Petr Aven’s mobile operator Veon leaves Russia
Veon, the Amsterdam-listed mobile operator owned by Pyotr Aven, announced on Monday. the 9th of October, that it is leaving the Russian market…
New Salacgrīva bridge to be built within two years, says transport minister
Last week, Transport Minister Kaspars Briskens (P) met with Dagnis Straubergs (LRA), Chairman of Limbazi County Council, to find solutions for the bridge…
Latvia’s inflation below EU average
Latvia’s annual inflation was 3.6% in September, below both the European Union (EU) and the euro area average, according to data published by…
