Riga’s Hydroelectric Power Plant gradually restores water levels in water reservoir
The water level in the water reservoir of Riga’s Hydroelectric Power Plant (HES) is gradually being restored to allow everyday operations, as reported…
Category: Business
Latvian government approves additional support measures for households and businesses
On Tuesday, 27 September, Latvia’s government approved a new package of support to help compensate energy resource price increase for households and businesses….
Citrus Solutions to build new prison in Liepaja for EUR 125 million
The procurement committee has picked Citrus Solutions LLC as the winner in the tender for the construction of a new prison in Liepaja,…
Bank of Latvia upgrades GDP growth outlook to 3% for 2022
The Bank of Latvia has upgraded the country’s GDP growth outlook for 2022 from the previous 2.9% to 3%, as reported by the…
BNN ASKS | Electricity – why is it the way it is?
«How is the electricity price formed? Why is it so high on the exchange? When will it go down? Will the state support…
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…
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…
