Commerce chamber demands government to extend aid in energy crisis

The Latvian Chamber of Commerce and Industry (LTRK) requests the government to take immediate action to overcome the energy crisis, LTRK said in a statement on January 18.

The support solutions proposed so far are insufficient and the situation is critical for both entrepreneurs and citizens, according to LTRK.

The LTRK, pointing to the increase in energy prices, drew attention to the fact that it affected all economic operators in all sectors. Therefore, companies are assessing the possibility of reducing their economic activity or ceasing it at all. Consequently, the rise in unemployment could be expected in the near future in various sectors, particularly among energy-intensive companies.

As “the situation has become critical and poses a serious threat to the economy”, the LTRK calls on the government for immediate action to address this crisis at the highest level, supporting both entrepreneurs and citizens.

Prime Minister Krišjānis Kariņš said that the government is currently discussing proposals to alter the aid mechanisms.

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