About two months ago, the government was warned that if it did not act quickly and concretely, it could lose a lot of money available for the transport sector from European Union (EU) funds. The Ministry of Transport has decided to invest in the construction of the Rail Baltica international stations. However, the European Commission (EC) has not yet had its say on whether Latvia can do so, Latvian Television reported on October 16.
Author's articles
What to do with the Rail Baltica stations underway in the center of Riga and at the airport? There is no money to finish them, leaving them half-built is not really an option either. What to do then? That's what the Parliamentary Commission of Inquiry into the Rail Baltica project tried to find out on Monday, October 14, at both construction sites.
An initial public offering (IPO) of shares in Latvian national airline 'airBaltic' should be carried out before the end of this year, after which the state's stake in the airline will decrease from the current 97.97% to 25% plus one share, the government decided in a closed session on Friday, August 30, reports LTV.
It has previously been publicly stated that the amount needed to meet the current commitments with the builders for the Rail Baltica project is €39 million. Part of this was allocated by the government last week to pay the bills. Project implementers say this is far from enough, Latvian Television reported on August 4.
Online shopping via cheap shops such as AliExpress and Temu has become very popular in the EU, including Latvia. The price of these goods will likely rise slightly in the coming years as they will be subject to additional import duties. The fact that there is none at the moment puts local traders at a disadvantage, Latvian Television reported July 21.
Cases of fraud on the Internet and over the phone have become so commonplace that almost everyone has come across attempts by fraudsters to steal data or money. One particular case was experienced this year, when a million euros were defrauded from a company at one time through the company's accountant, reported Latvian Television May 28.
Almost two years ago, the country's largest companies - energy giant Latvenergo and Latvian State Forests - announced that they would develop a joint project of wiind farms. The company "Latvijas Vēja parks" (Latvian Wind Park, LVP) was set up at the time. The first parks could be operational in 2028, Latvian Television reported on May 26.
The sluggish lending by banks is widely cited as one of the problems of Latvia's economic underdevelopment. But, as the banks' own data show, this has the potential to change. There is interest in borrowing from both citizens and businesses, and the banks themselves are also interested in lending, Latvian Television reported on May 15.
In gratitude for his significant contribution to the promotion of mutual cooperation between Latvia and Canada in the military field and strengthening the security and defense of Latvia, on May 13, the President of Latvia Edgars Rinkēvičs presented the Order of Viesturs, First Class, to General Wayne Eyre, Commander of the Canadian Armed Forces.
There have been years of fighting between residents and wind farm developers, and over the years Latvia has fallen well behind its neighbors in the development of wind energy. Latvia now plans to implement a compensation system for those whose properties are close to wind turbines, Latvian Television reported on May 5.
How correct is it that the Latvian gas company "Latvijas gāze" paid out several million euros in dividends to Russian state companies on its profits last summer? This question has been brought to court. The case against the company was brought by lawyer Mārtiņš Kvēps, who believes that the fact that we are allowing dividends to end up in the hands of the Kremlin is a stain on the entire country, Latvian Television reported on May 2.
Energy prices soared around the world after Russia's full-scale invasion of Ukraine. This helped energy companies, including Latvijas gāze, to make good profits. Coupled with the company's retained earnings from previous years, Latvijas gāze could pay out a significant sum to its shareholders - almost €110 million.
Energy prices soared around the world after Russia's full-scale invasion of Ukraine. This helped energy companies, including Latvijas gāze, to make good profits. Coupled with the company's retained earnings from previous years, Latvijas gāze could pay out a significant sum to its shareholders - almost €110 million.
In Latvia, the main audit authority – State Audit Office – carries out annual inspections of all main public institutions, including the State Chancellery. One of the loudest scandals in Latvian politics in recent months has been linked to the State Chancellery – the special flights of former PM Krišjānis Kariņš. Why did the State Audit Office not reveal these violations before? Latvian Television asked the question on April 18.
Along with discussions on the need to exclude manganese ore from Latvian transit, talks have started on whether Latvia should abandon trade with aggressors altogether. But how much would it cost Latvia, how many people would lose their jobs, and what impact would such a step have on the Latvian economy? Latvian Television surveyed a few experts on March 25.
As of Wednesday, March 20, the day in northern latitudes has once again become longer than the night. And to celebrate it, the spring equinox was marked several places in Latvia with songs, swings and a series of other ancient Latvian Spring and Easter traditions.
An envelope wage scandal in the prime minister's party Unity has been made public by former party office employee Normunds Orleāns. The political force calls this a lie. The allegations will still be assessed by the Corruption Prevention and Combating Bureau (KNAB), Latvian Television reported on March 11.