Official involved in scandalous Latvian army food procurement dismissed
An official of the defence sector involved in the scandalous procurement for logistical services and food for the needs of the Latvian army…
Category: Business
Restrictions on state business prevent them from working with innovations, says LMT chairman
State companies are under numerous restrictions that do not allow them to work with innovations, said board chairman of Latvijas Mobilais telefons LLC…
Latvia’s state budget deficit at 4.4% of GDP in 2022
Last year Latvia’s state budget had a deficit of EUR 1.721 billion or 4.4% of GDP, according data from the Central Statistical Bureau…
BNN ANALYSES | Industrialists’ executive rings alarm bells: businesses suffer without Chinese market
Linas Jegelevičius Lithuanian politicians who assumed a bellicose stance towards China fail to heed local business interests and furthermore – make then uncompetitive,…
Latvian government considers closing down shopping malls for weekends
Limiting the open hours of shopping malls for weekends is not only a matter or economy or survival for smaller traders but also…
Approximately one-third of Baltic residents have savings up to EUR 5 000
By saving up a portion of their monthly income, 31% of Baltic residents have managed to accumulate up to EUR 5 000 in…
Latvian government passes amendments to the Electricity Market Law
On Tuesday, the 11th of April, passed amendments to the Electricity Market Law that provide for prohibiting electricity trade deals with Russia and…
Latvijas gāze predicts gas prices to drop 24 – 37% in May
Latvijas gāze JSC plans to reduce the price of natural gas for households that use gas to prepare meals by 37% in May…
Agricultural product price level up 33.9% in Latvia last year
The Central Statistical Bureau of Latvia reports that, when compared with 2021, the agricultural price index increased by 33.9% in 2022. It was…
