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…
Category: Business
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….
Freight turnover on a rise at Latvian sea ports
Latvia’s Ministry of Transport reports that, based on compiled data, freight turnover at the country’s sea ports remained positive when compared with 2021….
Riga International Airport still has not recovered pre-pandemic passenger numbers
In November 2022 Riga International Airport serviced 434.3 thousand passengers – 1.6 times more when compared with November 2021. Compared with October, the…
