Companies’ debts up 46% in past 12 months; number of debtors up 15.9%
At the start of the year tax debts and debts declared by various companies were registered for more than 51 600 legal persons…
Category: Business
Productivity in Latvia at 60% of EU’s average
In Latvia the productivity growth dynamic is higher than the average in the European Union. However, productivity itself is at 60% of EU’s…
Road Transport Administration proposes terminating contracts with cartel-related companies
Latvia’s Road Transport Administration (ATD) submitted a proposal to the Competition Council (KP) to terminate contracts with passenger transport companies involved in cartel…
Inflation in Latvia higher than average in EU and Eurozone in January
In January 2023 inflation in Latvia was higher than average in the European Union and Eurozone, according to data published by Eurostat. Inflation…
The chronically negative opinion of Latvia’s business environment shows signs of improvement
The overall opinion of local businessmen towards the existing business environment in Latvia showed signs of improvement last year, as reported by Turība…
Car dealers’ «schemes» cost the state about EUR 55 million every year
VAT schemes employed by used car dealers, including registration of private cars, cause losses worth approximately EUR 55 million annually, said the head…
Voice communication services in Latvia are generally of high quality, with VoLTE – excellent
Latvia’s Public Utilities Commission (SPRK) concluded that the quality of voice transmission services in Latvia remains high, the average connection time is mostly…
Fitch maintains Latvia’s credit rating at «A-»
International credit rating agency Fitch Ratings (Fitch) has decided to maintain Latvia’s rating at «A-» with a stable future outlook, according to information…
Prosecution office takes notice of questionable contracts at Latvian State Forests
Last year the prosecution office sent a warning to Latvian state forest management company Latvian State Forests (LVM) in regards to exclusive long-term…
