Inflation is not expected to slow down in Latvia in the coming months, economists surveyed by Latvian Radio said. As a result of fluctuations in demand and supply, rapid price changes can be expected.
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Ukrainian war refugees have limited access to cash for the time being because the possibility of changing Ukrainian hryvnia in Latvia is provided only by individual currency exchange companies, Latvian Radio reported March 8.
The Ministry of Defense (AM) has allocated EUR 450,000 in grants to seven Latvian companies for the development of innovative products related to the defense sector, Latvian Radio reported March 7.
The price of grain and cereals had been constant for years. Since the autumn of 2021, it has been soaring and reached the highest point in November and December. Food producers addressed by Latvian Radio on February 3 say that the increase in prices of final products will be unavoidable.
In recent years, more and more fraudsters engage young people in their illegal activities as so-called 'money mules': helping fraudsters to legalize and transfer money, Latvian Radio reported February 2.
Latvian Radio explored the immigration and emigration statistics and their connections with the Covid-19 crisis in a report January 13.
2021 shows a positive trend in the statistics of new companies, as their number is growing slowly, Latvian Radio reported January 11.
Three companies in the tourism sector have opened insolvency proceedings, while a total of 20 have been suspended last year. Experts surveyed by Latvian Radio January 11 predict that this year there will be further bankruptcies of companies in the tourism sector.
More than half of Latvia's population does not have enough savings to cope successfully with unexpected financial difficulties, according to a survey of residents conducted by Luminor Bank, Latvian Radio reported January 10.
European countries are banning fur farming one after another, in total 18 have already banned it. Discussions on the ban have been launched in Latvia but it is still unclear how to deal with it from a business perspective, Latvian Radio reported January 4.
It has been exactly one year since vaccination against Covid-19 began in Latvia. On December 28 last year, medics received their first shots. Gradually others could also get the jab. Latvian Radio asked how the vaccination process has been affected by decisions taken by the government and communication on them?
Although the most active time for delivery services is over, the companies surveyed by Latvian Radio December 27 acknowledged that nothing is over yet. As usual, there will be a lot of work until the end of January.
In the catering sector, a lack of workforce was prevalent before the pandemic. Now it is even more pronounced due to the constraints, and recently more and more employees decide to go abroad, Latvian Radio reported December 15.
Latvian food producers say they are no longer able to offset the increase in production costs so the price of the final product on store shelves will rise, Latvian Radio reported December 14.
The State Land Service has received additional funding to make data of four different registries available free of charge as of next year, Latvian Radio reported December 13.
For 20% of natural persons, income per month in Q3 of this year does not reach the minimum wage. Most of them are employees in companies, according to data from the State Revenue Service (VID), Latvian Radio reported November 29.
In the last ten years, the average age of Latvian society has grown by four and a half years and the population of working age is gradually declining, Latvian Radio reported November 29.
The two years of the pandemic have changed people's shopping habits. Retail representatives surveyed by Latvian Radio November 4 said that people shop less frequently and buy more in one go.
It has been a week since a 'lockdown' has been introduced in Latvia to reduce the wave of Covid-19 spread. Experts surveyed by Latvian Radio October 29 say that not enough time has passed to see a huge difference but some progress is observed.
Despite temporary unemployment in many sectors, there are areas that lack workforce, Latvian Radio reported October 27.
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.
Food retailers are faced with additional costs in order to meet all the requirements related to Covid-19. Merchants surveyed by Latvian Radio October 15 say that the two years of the pandemic have brought significant costs.
The entry of Lidl will increase competition in the Latvian market, but retailers do not fear a significant decrease in customer number, Latvian Radio reported October 7.
In Rīga, the price of a taxi ride, as well as the wait time, have increased significantly in recent months. This is because demand is much higher than the number of taxi drivers, Latvian Radio reported September 4.
Minister for the Interior Marija Golubeva (Development/For!) will visit the Belarus border for the second time in a month, Latvian Radio reported September 3.
The Rail Baltica project has reached a new stage, and Thursday, September 2, the construction of the first railway overpass over Lāčplēša Street will be launched.
State JSC Latvian Railway plans to dismiss 700 employees in the coming months, Latvian Radio reported August 20.
The Rīga City Council intends to implement changes to the e-ticket system on Rīga public transport, which will be felt by public transport passengers in a year or two, Latvian Radio reported August 19.
Several businesses do not sufficiently clean wastewater in their treatment plants, according to the State Environmental Service (VVD), Latvian Radio reported August 18.
Latvia ranks at more than twice the European average for illegal gambling on the Internet, Latvian Radio reported August 18.
Latvia has more than 190 thousand adult persons with disabilities, and only about 27% are employed. This is half the average in the European Union, Latvian Radio reported August 16.
Gambling revenue decreased by 26% in the first half of 2021 due to the constraints of the pandemic, Latvian Radio reported August 12.