Construction output volume in Latvia down by 11.3%
Compared to 2021, construction output reduced by 11.3% in 2022, according to calendar adjusted data at constant prices. Construction output decline in civil…
Category: Business
Public Utilities Commission caves in to pressure from Bite’s American investor
Latvia’s Public Utilities Commission (SPRK) reports having given permission to Bite Latvija LLC and Unistars LLC to use limited 1.8 GHz and 3.6…
Ministry reports Latvia has gone through 42% of funding provided for Rail Baltica
Latvian Ministry of Transport reports that the total funding allocated by Connecting Europe Facility towards Rail Baltica railway project to Latvia is EUR…
Latvian PM says Skulte gas terminal’s construction may be financed by the state
If the developer of Skulte liquefied natural gas terminal (LNG) or its strategic investor present inadequate guarantees to the state, it is possible…
Gambling industry’s turnover reaches EUR 290.534 million in 2022
Information from the Latvian Lotteries and Gambling Supervision Inspection indicates that the total turnover of gambling companies was EUR 290.534 million in 2022….
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…
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…
