New Riga Theatre’s reconstruction sage takes unexpected turn
Latvian state real estate company Valsts nekustamie īpašumi (VNI) has released a statement from board member Jeļena Gavrilova, in which officials doubt completion…
Category: Business
Latvian government to tackle tax policy after approving new budget
Immediately after approval of the state budget for 2023, the ruling coalition in Latvia plans to start working on the tax policy guidelines,…
Kazakh businessmen see great potential in cooperation with Latvia’s large sea ports
Latvian Stevedoring Company Association (LSA) met with businessmen from Kazakhstan on the 1st and the 2nd of February. Foreign businessmen were on a…
European Central Bank increases base interest rate to 3%
On Thursday, the 2nd of February, the European Central Bank (ECB) decided to increase the base interest rate by 0.5 percentage points to…
Ferry traffic at Freeport of Ventspils reaches new peaks in 2022
The sea port has registered new records in ferry traffic. Certain pre-pandemic levels have been reached and even exceeded, as reported by the…
Beverage container deposit system in Latvia turns one year old
The system’s operator – Depozīta Iepakojuma Operators LLC – reports that since the launch of the system last year, residents in Latvia have…
Constitutional Court to look into Latvian government’s given permission to cut down young forests
The Constitutional Court (ST) reports having initiated a case over government regulations that narrowed the average size of trees to be felled, which…
Financial institutions’ profits up to EUR 326.3 million in 2022 despite various economic challenges
Latvian monetary financial institutions (MFI) – mainly banks – operated with profits of EUR 326.3 million in 2022, which is 26.5% more when…
Swedbank Estonia head: No reason to talk about panic
The rising Euribor rate and rising unemployment could mean that banks are reluctant to issue loans, but the CEO of Swedbank Estonia says…
