The Vilnius-Rīga train route, which opened four months ago, has already brought several thousand visitors to the Latvian capital. The hospitality industry says that route has contributed positively to Riga's business environment, Latvian Radio reports April 24.
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Two months ago, rules were adopted that employers can pay guest workers the average wage in the sector, instead of the national average, as was previously the case. Employers welcome the government's decision but admit that the effect will only be felt in the coming months, Latvian Radio reported April 10.
With the government's decision of January this year, employers are allowed to pay foreign workers a wage that is not less than the average gross monthly wage of Latvian workers in the sector in the previous year or equivalent to the minimum wage set by the sector's general agreement.
With the government's decision of January this year, employers are allowed to pay foreign workers a wage that is not less than the average gross monthly wage of Latvian workers in the sector in the previous year or equivalent to the minimum wage set by the sector's general agreement.
While Ukraine has been fighting the Russian military machine on the battlefield every day for more than two years now, the Latvian transit business and politicians have not closed the gates to the flow of manganese ore to the aggressor country – and Russia can use this raw material for the production of military equipment, reports Latvian Radio's 'Atvertie Faili' (Open Files) investigative show.
Merchants with an annual turnover of more than €50,000 could be required to provide non-cash payment options to their customers. Currently, there is no such mandatory requirement. The Ministry of Finance has included such an idea in its plan to curb the shadow economy, and hopes to introduce the requirement by the end of this year, Latvian Radio reported on March 20.
Last year Latvia's foreign trade turnover dropped and this year Latvian exporters will have to continue searching for ever new export markets to reduce the pressure caused by the geopolitical situation. Support for export promotion from the European Structural Funds has decreased significantly for this planning period, Latvian Radio reported on February 21.
Last year, construction sector turnover was 3.2 billion euros, and compared to 2022, growth was more than half a billion euros. This year is not likely to bring such significant growth of turnover to the sector, rather stabilization, according to industry representatives surveyed by Latvian Radi February 14.
Although several hundred criminal cases for violation of sanctions have been initiated in Latvia since Russia's full-scale invasion of Ukraine, only a tiny fraction – 22 cases – have reached the court. Seven judgments have come into force and the penalties are gradually increasing, Latvian Radio reported on February 9.
Over a year and a half, several dozen projects have been implemented in Latvia, in which local governments have changed fuel from natural gas to woodchips. This will allow the heat bill to no longer jump along with fluctuations in gas prices in global markets, as it was last winter, experts surveyed by Latvian Radio November 29 said.
While it seems Christmas is far away, the advent of holiday decor on store shelves in early November is a common practice in Latvia and elsewhere in the world. Representatives of retail stores told Latvian Radio Wednesday that this is due to early demand but it does not mean that shops have forgotten Latvian national holidays in mid-November.
The latest trade data shows the continuation of a trend that has been evident ever since Russia started its war on Ukraine and the West responded with swingeing trade sanctions – while trade with aggressor countries Russia and Belarus has quickly reduced, trade with countries bordering Russia in central Asia has markedly increased.
Latvian Radio's investigative broadcast 'Atvērtie Faili' ('Open Files') reported September 7 on why some Latvian companies are choosing to continue their exports to Russia despite that country's brutal attack on Ukraine.
Latvia has a number of jobs in different sectors and professions where it is possible to carry out work duties without knowing the Latvian language, but often even those who should know the language by law, do not. The number of complaints about the lack of Latvian-language knowledge is increasing, Latvian Radio reported on August 14.
Over the past two years, electric car numbers have increased – the sector has had the fastest growth ever. The number of electric car charging points is therefore also increasing. Several experts addressed by Latvian Radio on May 24 said that the number of charging networks is optimal, while some say Latvia is lagging behind.
Every year, Latvian residents lose several million coins of one and two cents. They are dropped on the streets and lying around in drawers and pockets, and sucked up in vacuum cleaners. For this reason, the Latvian central bank (Bank of Latvia) intends to reduce the circulation of these nominals, Latvian Radio reported April 5.
Although the volume of e-commerce in Latvia has been growing rapidly in the last three years, the pace has started to slow slightly in the last three months. Was the breakthrough in e-commerce a temporary boom during the Covid-19 pandemic time, or is Internet shopping to stay? Latvian Radio spoke to industry representatives on March 29.
The University of Latvia (LU) will expand its Academic Center in Torņakalns in the next four years. The House of Nature and House of Sciences will be accompanied by the Houses of Letters, Technology, Health, Sports, and Students. Will the Academic Center be able to make a strong push for the development of Torņakalns? Latvian Radio explored the matter on December 21.
For several months, malls have been saving energy resources in a variety of ways, both by reducing lighting intensity and indoor temperatures and by upgrading heating systems. However, Christmastime presents a new challenge: how to align austerity measures with holiday decorations, Latvian Radio reported December 7.
The distribution tariff change plan submitted by the State JSC “Sadales tīkls” (ST), which provides for an average increase of 75% from July next year, should be changed, the Minister for Economics Ilze Indriksone (National Alliance) said after meeting with the management of the ST November 23.
Both consumers and food producers are looking for ways to save during the inflation upturn. Shoppers are looking for commodities at a lower price, while food producers tighten their belts and cut production costs – looking for cheaper forms of energy, reducing their product range, also changing recipes and packaging, Latvian Radio reported on November 16.