Within a month, public consultations are to start over building a business center on Zaķusala (Hare Island) beside the Latvian Television building, with an estimated €65m to be attracted from investors. The city of Riga meanwhile hopes to use the island to build a fun park complete with a Ferris wheel, reports Latvian Radio.
It is hoped the first trains from Tallinn via Riga to Kaunas and beyond will be rolling through the Baltic landscape in a decade's time -- but meanwhile wrangles about the route of the huge Rail Baltica infrastructure project continue in Latvia, reports Latvian Radio's Zane Mače.
Potential investors in the insolvent KVV Liepajas Metalurgs steelworks are from other countries, said Latvian Economics Minister Arvils Aseradens (Unity party) in an interview with Latvian public television on August 15.
The Digital Freedom Festival, in cooperation with the association Latvian Business Angel Network (LatBAN), has issued an invitation to 'pre-seed' startups to submit applications for its November Investment Session.
Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2017 the Latvian unemployment rate constituted 8.9 %.
Compared to the previous quarter, the unemployment rate decreased by 0.5 percentage points, whereas, compared to the same period of the year before – by 0.6 percentage points.
Locals of Grobiņa have seen tourist numbers grow since the opening of the new cycling connection between the town and the port city of Liepāja, reports Latvian Radio.
Summer 2017 may still be with us but Latvian national airline airBaltic on August 15 named five new destinations to which it will fly next summer.
Latvia's Transport Minister Uldis Augulis on August 15 announced a significant increase in the number of road haulage permits that will be issued to transport goods across the Latvia-Russia border.
Preliminary data released by Riga International Airport on its performance in the first seven months of 2017 show that altogether 3.4 million passengers were serviced during the first seven months of the year, which is 10.1% more than in the same period of 2016.
Latvia's tourism sector continues to head in the right direction with significant growth in visitors from both Russia and Sweden.
Latest figures show an increase in activity in the construction sector.
The prime ministers of the three Baltic states took a tour of Latvia's giant gas storage facility at Inčukalns August 11.
A telecoms giant consisting of merged Lattelecom and LMT companies floated on the stock exchange is one of the options the Latvian government is currently considering, advisors to the government said August 10.
Representatives of SIA Internet, the company running Latvia’s largest classified advertisement website ss.lv, decided on August 9 to seek a settlement of their dispute with the State Revenue Service with the help of a mediator, ss.lv lawyer Maris Rukers told LETA.
According to data by the Central Statistics Office, Latvia's exports value in the first half of this year constituted €5.39 billion (an increase of €501.5m or 10.3%), whereas the imports value comprised €6.62 billion (an increase of €810.6m or 13.9%).
The Hungarian low-cost airline WizzAir has announced that it will serve a route to the resort city of Eilat in Israel.
In July, registered unemployment in Latvia was at its lowest level over the past eight years.
Just like many other countries across the EU, Latvia is experiencing a butter 'bubble' that prompts some people to buy out store stocks of butter and the rest to churn out mixed metaphors and lazy puns.
The latest data of the Central Statistical Bureau (CSB) show that during in July 2017, compared to July 2016 the average level of consumer prices increased by 2.6 %.
Prices of goods grew by 2.6 % and prices of services by 2.9 %.
Moves by Latvia's tax authority to shut down a popular classified ads website which they say was being used to avoid tax, continue to generate more headlines in the country than anything else.
A report by the European Central Bank touts Baltic and Slovakian achievements in moving towards achieving economic parity with the rest of the EU. The report notes that the Baltic states have significantly outperformed initial expectations but does warn that challenges are ahead should the countries wish to remain on the current path of success.
Less than a year after Latvia's social media went into meltdown over chaotic road repairs on Barona iela, one of Riga's main streets, the process is repeating itself on Brivibas iela, the capital's most important and famous thoroughfare, as well as other important arteries such as Elizabetes iela, home to many hotels.
Minister of Welfare Janis Reirs participated in the opening of a new cross-border labor market integration and employment promotion project August 3.,
Data compiled by the Central Statistical Bureau (CSB) show that, compared to June 2016, in June 2017 industrial production output increased by 7.8 % (according to calendar adjusted data at constant prices).
The State Revenue Service (VID) has halted the business of the company behind the hugely popular ss.lv classifieds/personal ads website, Latvian Television reports. After VID revealed it had asked to shut down the website domain, the website now redirects its users to ss.com, what appears to be a hastily re-branded version of the previous site.
Next year's excise tax hike and increased tariffs at Latvian Railways amounts to "nuking" Latvia's transit industry, said Inga Antāne, head of the port companies' association Baltic Association - Transport and Logistics.
The United Kingdom's Evening Standard daily has run a story speculating about potential buyers for Latvian airline airBaltic.
Despite a EUR19.3 million deficit in the Latvian general government consolidated budget in June this year, Latvia closed the first half of 2017 with a budget surplus of EUR 230.7 million, the Finance Ministry said July 31.
According to flash estimates by Latvia's Central Statistics Office, in the 2nd quarter of 2017, compared to the corresponding period of 2016, GDP grew by 4.1 % according to seasonally and working days non-adjusted data and by 4.8 % according to seasonally and working days adjusted data.
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to June 2016, total retail trade turnover in June 2017 rose by 3.1 %. Turnover of retail trade in food products increased by 1.0 %, while turnover of retail trade in non-food products grew by 4.7 %.