The declaration of the current government, which was made during very long coalition negotiations, is very vague, Prime Minister Krišjānis Kariņš (New Unity) told Latvian Radio August 11.
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Lending in Latvia is hampered by the large proportion of gray economy, which makes many businesses and households “unbankable”, Jānis Brazovskis, board member of the Finance Latvia Association, told Latvian Radio on July 20.
In three years, electric car charging stations will have to be located every 60 kilometers (km) of the main highways, according to a decision supported this week by MEPs. Critics, however, believe that it will cost too much for countries that are not densely populated, such as Latvia, Latvian Radio's Brussels correspondent Artjoms Konohovs reports July 13.
At the NATO summit in Vilnius next week, there will be no invitation of Ukraine to join the Alliance, the Foreign Minister and the newly elected President of Latvia Edgars Rinkēvičs said in an interview with Latvian Radio on July 7.
With the Covid pandemic easing up, the tourism and hospitality industry awaited the season with high expectations. But Russia's war in Ukraine has created new uncertainty. Many tourists are canceling planned trips to countries bordering Russia and Ukraine because of security concerns, Latvian Radio reported April 28.
During the Covid-19 pandemic, the flow of foreign direct investment in Latvia has doubled, according to Latvian Radio's interview with economy experts October 20.
The Covid-19 pandemic has led to a variety of changes in lifestyle, including work environment. Last year, remote work became available in a wide variety of sectors. The number of remote workers has grown in Latvia and in Europe as a whole, according to a EURANET PLUS report October 11.
The Covid-19 pandemic has brought many challenges, one being inequality in society. The people with low incomes have been affected more than the wealthy, according to EURANET PLUS report on September 13.
The sources of waste generated have shifted during the pandemic, both in Latvia and the European Union as a whole, EURANET PLUS reported May 24.
Both consumers and retail business owners in Europe in Latvia show little hope for their future financial situation and development of the retail industry, according to Euranet Plus report March 11.
Many sectors of retail were saved by Internet shopping during the pandemic. Experts say that the trend is likely to continue, according to Euranet Plus report March 10.
The retail sector, though surviving altogether, has not succeeded equally in all segments. Grocery stores haven't been affected too much. Meanwhile, the biggest drop in activity has been experienced by clothing and footwear stores, Euranet Plus reported March 9.
Last year turned many industries' work upside down. Retail is among them, as both sellers and buyers had to and still have to adjust to different restrictions, according to a Euranet Plus report March 8.
The majority of Latvian urban residential buildings are built in the Soviet Union, and are increasingly ageing. Substantial funds are needed for the renovation of these buildings, but it is unlikely that these funds will be provided, according to Euranet Plus report February 5.
As already reported in previous stories, Latvia has a substantial volume of run-down housing built during the Soviet Union occupation period. Additional support is needed to prevent these houses turning into slums, according to a Euranet Plus report February 4.
More than 70% of Latvian urban residential buildings has been constructed in Soviet times. The existing system of property co-ownership is preventing any substantial renovation works to be carried out, according to Euranet Plus report February 3.
The majority of Latvian urban buildings were constructed in the Soviet times. The life expectancy of these apartment buildings is about to end, but it is unclear how to proceed, according to Euranet Plus and Latvian Radio report on February 1.
Trade must be not only free but also fair, said Valdis Dombrovskis, executive director of the European Commission, who currently performs the duties of EU Trade Commissioner, in an interview to Latvian Radio September 18.
The COVID-19 pandemic has created severe tension, not only in health care, but also in economy, in volumes estimated to be the largest in the world since World War II. Unlike the financial turmoil of ten years ago, this time European governments have launched an unprecedented number of support campaigns aimed at protecting citizens from losing their jobs and income due to the pandemic, reported Latvian Radio on June 30.
The biggest arguments against building the Rail Baltica rail link through the Baltic states have always taken the form of claims that it will not be worth it, as there won't be enough passengers or freight to make it economically feasible. The truth is that, while no one knows what the future will bring, forecasts do point a more optimistic picture.
The corps of Latvian-language translators working at the European Union’s headquarters in Brussels have organized an exposition of paintings and knitted mittens to show off to their colleagues and the general public there. “We were amazed at how many colors Latvia has!” the organizers of the exhibit told Latvian Radio’s EU correspondent Ina Strazdiņa at its opening Thursday.