Latvia reports smallest number of new registered businesses since 2004
In 2022 there were 8 826 new businesses registered in Latvia, which is 4.3% fewer when compared with 2021. This is also the…
Category: Business
Latvian Minister of Transport orders to deal with Rail Baltica’s problems
On Tuesday, the 3rd of January, Latvia’s Minister of Transport Jānis Vitenbergs met with the leadership of RB Rail JSC and European Railway…
Latvenergo sends aid to maintain Ukraine’s energy infrastructure
Latvian state enterprise Latvenergo reports that on Friday, the 30th of December, a three-phase 110 kV transformer was delivered to Ukraine. It will…
Latvia among leaders in Europe when it comes to reducing gas consumption
Latvia is one of the leaders in the European Union (EU) when it comes to reducing gas consumption, as reported by LTV programme…
Gas to be supplied to Latvia entirely from LNG terminals
Latvia’s unified natural gas transmission and storage operator Conexus Baltic Grid JSC (Conexus) reports: Latvia’s gas supplies will not be affected by the…
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…
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….
