Bank of Latvia governor promises economic recession will not be as deep as it was in 2008
There will be an economic decline or recession, but it will be shallow, said Bank of Latvia governor Mārtiņš Kazāks in an interview…
Category: Business
Energy-intensive manufacturing plants in Latvia will have access to state aid
Energy-intensive manufacturers in Latvia will have access to state aid to help compensate growing energy resource costs, as reported by Ministry of Economics….
Experts: support for transit is critically important during a crisis
«If no support is provided in the near future, the next half-year will be very difficult and many people will suffer,» said the…
Latvian government may decide on energy price cap before 14th Saeima elections
The government in Latvia may convene a week prior to the next Saeima elections to decide on setting energy resource price cap, said…
Association: prices of cheeses and grain products have more than doubled in Latvian
Prices of cheese and grain products have more than doubled over the course of the year, according to data from Latvian Traders Association…
Prices of dwellings in Latvia up by more than 15%
Compared to Q2 2021, prices of dwellings rose by 16.5% in Q2 2022. Prices of new dwellings increased by 13.8%, but of existing…
Authorities to investigate Latvijas gāze’s decisions in creating gas reserves
The Office of the Prosecutor General of Latvia has commenced an investigation of the situation with gas reserves for the 2022/2023 heating season,…
Freeport of Riga plans to create the biggest solar panel park in Latvia
The Freeport of Riga has plans to create the biggest solar panel park in Latvia in Spilve fields. The planned power output is…
Ship with fertilizers on board stuck in Gulf of Riga due to sanctions
Since the start of March a ship with 55 000 tonnes of potassium chloride remains anchored at the Freeport of Riga. Due to…
