Unemployment level in Latvia may reach 7-8% in 2023
The unemployment level may reach 7-8% in Latvia next year, according to analysts of various banks. Swedbank’s acting senior economist Agnese Buceniece says…
Category: Business
Outlook: average inflation in Latvia in 2023 may stay at 9%
In Latvia the average annual inflation in 2023 may reach 9%. At the beginning of the year inflation may remain very high –…
Electricity price up by one-fifth in November, down by half last week in Latvia
In November 2022 the average electricity price, when compared with October, increased by 20%, according to Latvenergo Electricity Market review. Last week the…
Latvia’s Ministry of Finance warns the country is on brink of energy crisis
After two difficult years of Covid-19 the year 2022 commenced in Latvia with hopes for restoration of some order. This, unfortunately, never happened….
Freight turnover on a rise at Latvian sea ports
Latvia’s Ministry of Transport reports that, based on compiled data, freight turnover at the country’s sea ports remained positive when compared with 2021….
Riga International Airport still has not recovered pre-pandemic passenger numbers
In November 2022 Riga International Airport serviced 434.3 thousand passengers – 1.6 times more when compared with November 2021. Compared with October, the…
Foreign investors’ representative criticises Latvia’s unpreparedness for «green course»
Latvia’s ministries should cooperate in order to implement the «green course» and keep in mind that crises do not make it not mandatory…
Producer price level in Latvia up 29.6% over the course of 2022
In November 2022, as compared with the same month of 2021, the average producer price level in Latvia increased by 29.6%, according to…
Delivery of Latvia’s new trains may be delayed by at least four months
The delivery of Latvia’s new electric trains may be delayed by up to four months, warns Škoda Vagonka Chief Executive Officer Martin Bednarz….
