Rural tourism growing but problems from unfair competition, bureaucracy
More and more tourists are discovering the charms of the Latvian countryside, but their hosts are increasingly plagued by unfair competition and mounting bureaucracy, says Lauku Ceļotajs (LC), which represents hundreds of countryside entrepreneurs running guesthouses, rental properties and attractions.
Trade growth marches on
Provisional data of the Central Statistical Bureau (CSB) show that in October 2017 Latvian foreign trade turnover amounted to EUR 2.31 billion, which at current prices was 10.3 % more than in October 2016.
Who wants to be a pilot?
Latvian airline airBaltic is inviting aspiring airline pilots to apply the airline’s newly established Pilot Academy.
Inflation steady in November
The latest data of the Central Statistical Bureau (CSB) show that during the year (in November 2017, compared to November 2016) the average level of consumer prices rose by 2.7 %.
First batch of next TechChill hopefuls named
Next year startup extravaganza TechChill will host the Fifty Founders Battle, a startup pitch competition showcasing the most promising and inspiring startups from the Baltics, Nordics and beyond.
Black Balzams heads Stateside
The Latvian alcoholic beverage producer Latvijas Balzams is planning to expand its exports of Rigas Melnais Balzams to the United States, the LETA newswire reported December 6.
Sycamore fund interested in Latvian gas stake

International investment fund Sycamore is ready to purchase shares in the Latvijas Gaze natural gas utility for several hundreds of millions of euros, said Indrek Rahumaa, Estonian businessman, Sycamore fund manager and one of Latvia’s Lauma International textile company owners, in an interview with Latvian daily Diena December 5.

Business climate improvements need to continue, say foreign investors

The last five years have seen improvements in Latvia's business culture, particularly with regard to rules governing insolvency administrators, but there is still plenty to do to make the country more attractive to foreign investors, the leading representative body of foreign investors said December 5.

Industrial production up on year, down on month

Data released by the Central Statistical Bureau (CSB) December 4 show that, compared to October 2016, in October 2017 industrial production output increased by 5.4 % (according to calendar adjusted data at constant prices).

Invitation to discuss U.S. - Latvia trade links

On 11 December at 14.00, the Ministry of Foreign Affairs and the Investment and Development Agency of Latvia (LIAA) are holding a discussion on economic relations between Latvia and the United States of America and priorities for 2018.

Construction costs on steady trend

Data released November 29 by the Central Statistical Bureau (CSB) show that, compared to September, in October 2017 the level of construction costs in Latvia rose by 0.3 %.

Thousands of tax debtors apply for waiver of penalties

Since October 1 when the Latvian State Revenue Service announced a waiver of late payment interest and penalties on tax debts as a one-off measure to stimulate legal business, altogether 6,629 tax debtors have submitted applications to pay the principal tax debt and have their penalties waived.

Digital Freedom Festival starts in Rīga

The Digital Freedom Festival, which has quicklt become one of the hottest tickets among the start-up crowd, gets underway in Latvian capital Rīga November 27.

Positive outlook for SMEs in Latvia

The outlook for small and medium-sized enterprises (SMEs) in Latvia is favorable, the European Commission's Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs said in its annual report on European SMEs presented at the SME Assembly in Tallinn.

Latvian tax system in top 20 worldwide

The Latvian tax system is the most attractive among the three Baltic states and ranks 13th by the Total Tax and Contribution Rate (TTCR) among 190 world countries covered by the latest Paying Taxes report produced by PricewaterhouseCoopers (PwC) auditors and the World Bank Group.

Latvian banks join pan-European payment system

An instant payment system, RT1, run by EBA Clearing, a company established by European banks, went live 21 November 2017, with two Latvian banks involved, the Latvian central bank (LB) said in a statement.

Tourist numbers continue rapid growth

The impressive post-crisis rebound in Latvia's tourist industry shows no sign of slackening with figures for the third quarter of the year showing double-digit growth continues.