The Transport Ministry is currently analyzing concrete proposals made by potential investors of Latvia’s national carrier airBaltic and is not ruling out the airline’s full privatization, the ministry’s state secretary Kaspars Ozolins told the LETA news agency October 23.
European Commission Vice President Jean-Claude Juncker promises support to Latvian farmers whose crops were struck by severe flooding this fall, reports Latvian Radio.
A swish new website has been unveiled to showcase some of the best in Latvia's business offerings to the rest of the world.
The Constitutional Court ruled today that Section 6 of the Solidarity Tax Law was not in line with the principle of equality enshrined in the Constitution, reports LETA October 19.
For over ten years already, two ABLV Bank co-owners have been ranked first in the annual top of Latvia's millionaires collated by the business newspaper Dienas Bizness.
Latvian energy concern Latvenergo has been named the most valuable company in the country for the tenth time.
Estonian gambling company Olympic Entertainment Group (OEG) has filed a court action regarding the decisions of Riga City Council to ban most gambling activities in central Riga, the company said in a market announcement October 18.
Two residential buildings worth €20m are set to appear on the left bank of Daugava in Latvia's capital Riga by summer 2018, according to a press release by the developers.
After being fined close to €28m by the European Commission for removing a rail track to Latvia, Lithuanian Railways (LG) now say they will rebuild the missing link, reports LETA October 18.
A leading scientist has accused Latvia of lying to the EU and the European Commission over projected spending on research and development in 2020.
The Rigas siltums (Riga Heat) heating company is to sack 230 people next spring after it lost a public procurement deal, reported Latvian Radio October 17.
Aivars Gontarevs has been appointed the board chairman of Rigas Namu Parvaldnieks (RNP) municipal housing manager, while Ardis Pavilsons has been appointed a board member, LETA was told at the Riga City Council on October 16.
Latvia's former top financial regulator, Financial and Capital Market Commission (FKTK) head Kristaps Zakulis, has been confirmed as a member of the board at Luminor Bank, the LETA newswire reported on Friday 13th October.
The Latvian Finance Ministry has spent 100,000 euros on publicizing and promoting the contents of its 2018 budget among a selection of media outlets, Latvian Radio's Edgars Kupčs reported October 13.
Latvia's airBaltic airline said October 13 it had been given an award by an aviation industry news portal.
Latvian state-owned development finance institution Altum said October 11 it had successfully issued the first "green bond'' of its kind in central and eastern Europe.
Latvian national airline airBaltic on October 11 confirmed it had temporarily taken its seven brand new Bombardier CS 300 airliners from its flight schedules pending technical checks, reported LTV's Panorama daily news show.
Journalists from the Baltic Center for Investigative Journalism, Re:Baltica, have released the latest in a series of features examining the future of Latvia's labor market.
Lithuania's parliament on October 10 became the last of the three Baltic states to ratify an agreement that clears the line for the ambitious Rail Baltica infrastructure project to proceed.
Latvia's iconic drinks brand, Latvijas Balzams, was granted more than 4 million euros' worth of tax rebate by the cabinet of ministers October 10.
The cabinet of ministers on October 10 approved the budget prepared by Finance Minister Dana Reizniece-Ozola, paving the way for it to be sent to Saeima on October 11.
The Swedish telecommunications group Telia, the private shareholder in the Latvian telecommunication companies Lattelecom and Latvijas Mobilais Telefons (LMT), has notified the Latvian Economics Ministry that it would agree to the Latvian state obtaining a controlling stake in any new company created as a result of a merger between Lattelecom and LMT, Economics Minister Arvils Aseradens (Unity) told TV3 commercial television October 9.
The latest data of the Central Statistical Bureau (CSB) released October 9 show that during the year (in September 2017, compared to September 2016) the average level of consumer prices increased by 2.9 %. Prices of goods increased by 2.9 % and prices of services by 3.0 %
Latvia’s 2018 budget revenues are planned at EUR 8.75 billion, while expenditures are projected at EUR 8.95 billion, according to the draft law on the 2018 state budget, which has been drawn up by the Finance Ministry and submitted to the government, LETA reported October 6.
With the onset of autumn, permissible speed limits on several major roads have dropped, the State Road agency reminded drivers October 6.
The Competition Council has slapped a EUR 3.7 million fine on home improvement and DIY store Depo for being involved in a retail cartel. Depo disputes the penalty and says it will appeal, reports the LETA news agency.
The Landscape Award of the Council of Europe has been given to the project for regeneration of the Daugavpils Fortress in Daugavpils, south eastern Latvia, the Latvian Ministry of Environment and Regional Development announced October 4.
Investigative journalism outfit the Baltic Center for Investigative Journalism, Re:Baltica, has released the second feature in its ongoing series about the demographic challenges facing Latvia.
In future compulsory vehicle insurance will be needed even for off-road vehicles operating only on private land, after the Latvian cabinet approved changes to tax laws proposed by the Finance Ministry.