Latvia goes back to buying Russian gas; authorities take notice
Latvian state company Latvijas gāze has started purchasing gas from Russia, as reported by LTV. The head of he company Aigars Kalvītis admits…
Category: Business
Retail trade turnover in Latvia down 0.7%
Compared to June 2021, total retail trade turnover reduced by 0.7% in June 2022. Turnover of retail trade in food products grew by…
Majority of Ukrainian refugees in Latvia employed in the industrial sector
Since January 2022 a total of 34.7 thousand Ukrainian citizens have arrived and registered their residence in Latvia. The majority of them –…
KNAB to investigate possible bribe offer to the chief of FID
Latvia’s Corruption Prevention and Combating Bureau (KNAB) has taken notice of the claims made by the ex-chief of Office for Prevention of Laundering…
Natural gas tariffs may grow rapidly in Latvia next January
There will definitely be enough gas to satisfy our residents’ needs this winder, said Minister of Economics Ilze Indriksone in an interview to…
OPINION | Europe starts battling inflation, but no quick victory should be expected
Citadele Bank’s opinion This week the European Central bank (ECB) made a historic decision – the base interest rates were increased in the…
Survey: every sixth Latvian resident has received a raise thanks to price rise compensation
As a result of efforts to compensate the rapidly growing everyday expenses, 16% of Latvian residents have received a raise. Most of those…
Latvian court receives criminal case involving multiple ABLV Bank employees accused of money laundering
The prosecutor’s office has submitted a new criminal case to a court of law in Latvia. In it multiple former ABLV Bank managing…
Latvia’s budget deficit above EU’s average in Q1 2022
In Q1 2022 Latvia’s general government budget deficit ratio to GDP was higher than the average in the European Union, according to data…
