Stena Line acquires rights to provide ferry services in Ventspils
To reinforce Stena Line’s positions in the Baltic Sea region and expand ferry services, the company has acquired ferry terminal services at Ventspils…
Category: Business
State Revenue Service reports overall tax debts are down in Latvia
At the beginning of April 2023 the overall tax debts, including active and halted tax debts and debts with payment term extensions were…
Retail trade in Latvia down deeper than average in EU and Eurozone
Retail trade turnover in Latvia in March, when compared with the same month of 2022, has gone down by 8.9%, which is a…
Does inflation still play a significant role for unjustified price surges?
TV3 programme Nekā personīga publishes thoughts on this topic from Latvian economists, as well as the measures taken by the Competition Council to…
Amendments to Law on Ports to include municipalities in their management
To continue the sea port reform and improve the involvement of municipalities in sea port management, Latvia’s Ministry of Transport has developed and…
Russia takes over the assets of foreign companies
Russia has announced that it is temporarily taking control of the assets of Finnish energy group Fortum and German company Uniper, writes Reuters….
Tallink Grupp prepares for lay-offs in Estonia and Latvia
Ferry traffic company Tallink Grupp has informed trade unions and unemployment insurance institutions in Estonia and Latvia about plans for collective lay-offs. These…
First two solar parks in Latvia to be completed by the end of 2023
Latvenergo JSC plans to complete and make operational the first two solar panel parks in Latvia by the end of the year, as…
Latvia will soon experience severe shortage of specialists with vocational education
“How to achieve Latvia’s sustainable growth and promote growth of welfare?”, as the country’s Ministry of Economics rhetorically asks in its media release…
