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….
Category: Business
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…
Foreign investors’ representative criticises Latvia’s unpreparedness for «green course»
Latvia’s ministries should cooperate in order to implement the «green course» and keep in mind that crises do not make it not mandatory…
Producer price level in Latvia up 29.6% over the course of 2022
In November 2022, as compared with the same month of 2021, the average producer price level in Latvia increased by 29.6%, according to…
Delivery of Latvia’s new trains may be delayed by at least four months
The delivery of Latvia’s new electric trains may be delayed by up to four months, warns Škoda Vagonka Chief Executive Officer Martin Bednarz….
Latvian government makes plans to discontinue mandatory procurement component for good
Ministry of Economics reports that on the 20th of December the Cabinet of Ministers approved amendments to the Electricity Market Law. These amendments…
Freeport of Riga receives nearly five million in development investments this year
This amount was invested into infrastructure maintenance and development, including digital solutions, as reported by representative of Freeport of Riga. Freeport of Riga…
Number of tourists at Latvian accommodations up 65.2% compared with 2021
In October 2022 a total of 178 000 foreign and local guests were serviced at tourist accommodations around Latvia. This is 65.2% more…
