Latvia’s GDP down 0.1% in Q3 2023; Estonia’s GDP down 2.5%
The Central Statistical Bureau of Latvia reports that in Q3 2023, as compared to the same period of 2022, Latvia’s GDP went down…
Category: Business
Latvian PM promises reduced VAT for fruits and vegetables
Next year it is planned to apply a reduced – 12% – VAT rate for fresh fruits and vegetables. The ruling coalition agreed…
Conexus service tariff to grow by 37.3% in December
Unified natural gas distribution and storage operator Conexus Baltic Grid (Conexus) gas distribution system service tariff will grow by 37.3% starting with December,…
Latvian Liepājas autobusu parks company agrees to pay fine for cartel involvement
Competition Council (KP) media representative Zane Gorškova reports that the council and Liepājas autobusu parks (LAP) public transport company signed an agreement to…
Latvian company punished for attempt to breach sanctions
Since August 2023 Latvian prosecution office has presented fines to two businesses in criminal cases regarding the breach of international sanctions imposed on…
Tidying up Riga Central Market will cost several dozen million euros
In order to tidy up and reorganise Riga Central Market funding will reach several dozen million euros. A more specific amount will be…
Estonian Climate Ministry provides funding for Tartu – Riga train route
Next year a direct train route will be established between Estonian student town of Tartu and Latvia’s capital city. Latvia’s northern neighbour’s Climate…
Latvian state to support mortgage loan takers whose payments exceed 20% of income
The state could provide support to mortgage loan takers whose payments exceed 20% of their income. However, this support would not apply to…
Latvian PM promises redistributive economy is not her government’s objective
It is not this government’s objective to promote a redistributive economy. The objective, according to her, is supporting entrepreneurship, said Latvian Prime Minister…
