Inflation in Latvia reaches 21.5% in August
Compared to August 2021, the average level of consumer prices increased by 21.5% in August 2022. Compared to August 2021, the average level…
Category: Business
European Commission proposes limiting enormous revenues of energy companies
The European Commission (EC) wants to limit the excessive revenue energy companies receive thanks to the rapidly growing electricity prices, as announced on…
Latvian Prime Minister says country may have to adopt a price cap of some kind
Looking at the adopted households support mechanism’s effectiveness in a situation when prices of energy resources are significantly up, it is likely Latvia…
Euro value to U.S. dollar drops to a new low
On Monday, 5 September, the value of euro before the U.S. dollar dropped to a new low since December 2002. This new drop…
Latvian authorities report 1 383 violations of sanctions
Since the end of March, when the European Commission first started compiling data from members of the European Union regarding different violations of…
Daugavpils satiksme procures 20 buses powered by natural gas
With aid from the European Union Cohesion Fund Daugavpils satiksme JSC purchased 20 Scania Citywide buses powered by natural gas. The purchase cost…
PM: Latvijas gāze is not interested in peace in Latvia and peace of mind in people’s heads
Latvijas gāze JSC (LG) management and owners are not interested in peace in Latvia and peace of mind in people’s heads, said Latvia’s…
Heating tariff planned to be doubled in Riga
Rīgas siltums JSC (RS) plans to double the heating tariff in Latvia’s capital on 2 October, according to the company’s suggested tariff changes….
Standard type apartment prices going down in Latvia for the first time since 2020
In August 2022 there was a drop in prices of standard apartments – prices decreased by 1% when compared to Q2 of 2022….
