Italy fines fast-fashion retailer Shein 1 million euros
The Italian Competition Authority (AGCM) has fined China-based fast-fashion retailer Shein 1 million euros for misleading customers, Reuters reported. This is the second…
Category: Business
Economists: Latvia will not benefit from Trump and Leyen’s tariff agreement
The Latvian economy will not benefit from the tariff deal reached by US President Donald Trump and European Commission (EC) President Ursula von…
Teachers’ Union will fight for the recovery of illegally collected OIK charges, says Vanaga
The “Latvian Trade Union of Education and Science Employees” (LIZDA) has signed a cooperation agreement with the association “Tiesiskums.lv” to support the recovery…
Latvia seeks strategic investors for “Tet” and LMT – several dozens already identified
Several dozen potential strategic investors have been identified for the technology companies SIA “Tet” and SIA “Latvijas Mobilais Telefons” (LMT), Minister of Economics…
The battle for “airBaltic” leadership continues – new CEO to receive lower salary than Gauss
Four candidates have been selected for the third round of the competition for the position of CEO of Latvia’s national airline “airBaltic,” Minister…
“We will have nothing left to eat!” – farmers warn as LOSP harshly criticizes European Commission’s budget plan
The European Commission’s (EC) proposal for the next European Union (EU) budget endangers the future of farmers, according to Guntis Gūtmanis, Chairman of…
Inflation continues to rise – prices in Latvia increased
In June, Latvia recorded higher annual inflation than the average across the European Union (EU) and the euro area, according to data published…
Rain and cool weather hamper rapeseed development in Latvia
The sowing of summer rapeseed has concluded across Latvia, but due to excessive moisture, not all planned areas were sown. However, the unsown…
“The state must not trade its forests!” – Minister Krauze rejects possibility of selling shares in “Latvijas valsts meži”
The joint-stock company Latvijas valsts meži (LVM) must remain entirely state-owned, as state forests must not be privatized, emphasized Minister of Agriculture Armands…
