Latvian government makes plans to discontinue mandatory procurement component for good
Ministry of Economics reports that on the 20th of December the Cabinet of Ministers approved amendments to the Electricity Market Law. These amendments…
Category: Business
Freeport of Riga receives nearly five million in development investments this year
This amount was invested into infrastructure maintenance and development, including digital solutions, as reported by representative of Freeport of Riga. Freeport of Riga…
Number of tourists at Latvian accommodations up 65.2% compared with 2021
In October 2022 a total of 178 000 foreign and local guests were serviced at tourist accommodations around Latvia. This is 65.2% more…
Economist: high inflation in Latvia also comes from economy’s structural problems
The high inflation in Latvia is determined by not only external factors, but the existing structural problems of the economy as well, said…
SPRK: Gaso’s new tariffs comply with established methodology
Latvia’s Public Utilities Commission (SPRK) decided on the 15th of December that the gas distribution service tariff proposed by Gaso JSC complies with…
Minister: Latvia’s current priority is preparing next year’s state budget
On Friday, the 16th of December, Latvia’s Minister of Finance Arvils Ašeradens, meeting with Executive Vice-President of the European Commission (EC) Valdis Dombrovskis,…
CO2 emissions down and energy dependence up in Latvia
CO2 emissions generated by Latvia’s energy sector in 2020 went down by 15%, according to estimates published by the Central Statistical Bureau of…
Base capital of Latvian Railway increased by nearly EUR 38.5 million
Using the profits left from the previous account period, Latvian Railway (LDz) has increased its base capital from EUR 289.142 million to EUR…
Housing affordability down considerably in Latvia; buyers remain reluctant
In Q3 2022 Swedbank Baltic Housing Affordability Index (MPI) rapidly went down in all three Baltic capital cities, according to the bank’s economist…
