The Ministry of Environmental Protection and Regional Development (VARAM) said October 18 it was turning to the Prosecutor General's office to demand action because of "publicly disclosed information that Riga City Council (RD) officials do not plan to recover losses from former members of SIA Rīgas Satiksme (Riga Transport) board."
Latvian airline airBaltic said October 15 it had no plans to ground its fleet and was paying precise attention to advice from the company responsible for manufaturing the engines on its fleet of Airbus A220 aircraft.
Shareholders of the Rail Baltica joint venture, RB Rail AS, approved a new Supervisory Board of the company October 15.
The Fitch Ratings international ratings agency has affirmed Latvia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, the company said October 11.
The Latvan Central bank (Latvijas Banka, LB) is inviting members of the public to invest in a new coin designed to appeal to both numismatists and mycologists. In other words, coin collectors and fungus fans.
On November 27-29, Rīga will play host to 5G policymakers, heads of major industry organisations, and business leaders from Europe, the USA, and Asia for what is described as "one of the leading 5G events worldwide" to discuss the deployment of the first commercially-viable 5G business models.
Finance Minister Jānis Reirs on October 14 delivered his 2020 budget plan to Saeima.
The Rail Baltica Joint Venture RB Rail AS has announced a tender for the provision of Notified Body (NoBo) services on the 6 billion euro infrastructure project.
Latvia's government on October 11 put the finishing touches to its 2020 budget plans, and will send its plans to Saeima on Monday October 14 to begin the process of legislative approval, the cabinet office announced after a special ministerial meeting Friday.
The state budget spending next year should be EUR 94.6 million smaller than currently planned, the Fiscal Discipline Council member Inna Šteinbuka told reporters October 10.
The Central Statistical Bureau of Latvia has launched a new data visualisation tool that gives an overview on foreign trade of goods of Latvia.
A potential strategic partner for the liquefied natural gas (LNG) terminal project at the Port of Skulte has been identified as South Korea-based Korea Gas Corporation ("KOGAS"), one of the world's leading importers of liquefied gas, reported LSM's Latvian language service October 9.
The Saeima Economic, Agricultural, Environmental and Regional Policy Committee on October 8 approved amendments to the Packaging Law, which deal with introduction of a deposit return system in Latvia and stipulate that the new system will commence on February 1, 2022; the amendments will now be reviewed by Saeima in the third and final reading.
The nominee candidate to become the head of Latvia's financial regulator received approval from the Latvian cabinet October 8 - albeit after a week's delay - though the final decision on whether she is confirmed in the job will rest with the Saeima, reported LTV.
The latest data published October 8 by the Central Statistical Bureau (CSB) show that in September 2019, compared to September 2018, the average level of consumer prices rose by 2.6 %.
The Rīga District Court has turned around an earlier verdict that the state has to pay millions in compensation to the builders of the National Library of Latvia.
This week, admissions to the She Goes Tech IT scholarship program concluded with 650 applications submitted for 80 spots. The IT classes are organized by the Riga TechGirls NGO with the goal of helping graduates start a career in IT.
October 3 saw a ceremony to award the strongest commercial brands and so-called "influencers'' in the Baltic states for the first time.
Defense Minister Artis Pabriks (For Development/For) and European Parliament member Ivars Ijabs (For Development/For) have both joined For Development of Latvia, the political party's representatives said October 3.
Latvia's tax system has again won a high position in a ranking of the revenue systems of developed countries.
While Latvian entrepreneurs often say it's difficult to find employees in the country, Latvia still has a rather high unemployment rate and there's a big reserve of labor, said Bank of Latvia economist Uldis Rutkaste at the Latvian central bank annual conference.
The government plans to raise the guaranteed minimum income to €64 a month, the Welfare Ministry said October 1.
CityBee ride-sharing company has invested €1.5 million in expanding its operations in Latvia to start car-sharing services in Riga, the company's representatives told LETA.
On 2 October 2019, Latvia's central bank, Latvijas Banka (LB), holds its annual economic conference and according to the agenda the topic is labor. You can watch a live stream witrh a choice of languages above.
Plans to install a new financial regulator to oversee important reforms of the banking sector have been put on hold in an unexpected development October 1.
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) and released September 30 show that, compared to August 2018, in August 2019 total retail trade turnover rose by 3.1 %.
Nasdaq announced Deptember 30 that Erste Group Bank AG has been granted stock exchange membership on the Nasdaq Rīga and Nasdaq Vilnius markets as of October 1, 2019.
The US private equity giant Blackstone Group has finalized its €1 billion acquisition of a 60 percent stake in the Baltic bank Luminor.
In the first eight months of 2019, Riga International Airport received 5.225 million passengers, which is an increase of 10.6% against the respective period a year ago, according to information released by the airport.
A climate study commissioned by the Rail Baltica infrastructure project predicts that within the next 30 years, summer temperatures could soar to more than 40 Celsius in the region.