A business conference held in Rīga in April has spawned eight new startup companies, organizers claim.
Latvia’s Lido catering company has resolved to use only cage-free eggs and products of such eggs after 2025, the company said.
Existing employment promotion programs in Latvia need to be improved, with a special emphasis on returning the long-term unemployed to the labor market according to conclusions expressed by experts from the Organization for Economic Cooperation and Development (OECD) at a conference in Rīga April 16.
Latvian airline airBaltic said April 16 that during the first three months of 2019 it had transported 818,129 passengers or 12% more than during the same period last year.
The Latvian Finance Ministry has completed work on a set of amendments to the Law on Taxes and Duties, which stipulate harsher penalties for tax violations, the LETA newswire reported April 14.
Latvian Fintech company Mintos said April 15 it is launching the "Mintos Impact Fund", the first initiative of which will be cleaning up the Baltic Sea together with Pasaules Dabas Fonds (the local associated partner of WWF) and WWF Deutschland.
The Fitch ratings agency said April 12 it affirmed Latvia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, citing "solid public finances, as well as institutional strengths and a credible policy framework that come with EU and eurozone membership."
Latvian Minister of Finance Jānis Reirs on April 10 met with a key U.S. official who "praised the Government's efforts in straightening out the financial sector," according to a release frmo his Ministry.
The Latvian Finance Ministry has raised Latvia’s gross domestic product (GDP) forecast for 2019 by 0.2 percentage points to 3.2 percent, according to draft Latvia’s Stability Program for 2019-2022 prepared by the ministry.
Coalition partners widely support the idea of funneling part of the income from the personal income tax to the municipality where someone is working in, Environment Minister Juris Pūce (Development/For!) said appearing on Latvian Radio's Krustpunktā show April 11.
Swedbank has increased Latvia’s gross domestic product (GDP) forecast from the previous 3% to 3.3%, according to the latest economic outlook published by the bank.
Among banks who so far served non-resident customers in Latvia, there are banks who are considering leaving Latvia’s market and obtaining a banking license in another country, said Finance and Capital Market Commission (FKTK) chairman Pēters Putniņš in an interview with LETA.
The latest data of the Central Statistical Bureau (CSB) show that in March 2019, compared to March 2018, the average level of consumer prices in Latvia rose by 2.8 %. Prices of goods increased by 2.7 % and prices of services by 2.9 %.
The Latvian Central Bank on April 11 is issuing a coin called Cat's Mill and dedicated to the literary work of Kārlis Skalbe.
Latvian airline airBaltic will increase flight frequencies on the Rīga–Reykjavik route offering three weekly flights.
The chairman of Swedish banking giant Swedbank announced his resignation April 5 in the wake of an ongoing scandal involving allegations the bank was involved in large-scale money-laundering in the Baltic states.
The head of Latvia's financial regulator has launched a bitter attack on what it called "high public officials" whom it accuses of disseminating false information about its work.
The Akropole shopping center was on April 4 opened to the public, the company told the press.
Data compiled by the Central Statistical Bureau of Latvia (CSB) show that, compared to February 2018, in February 2019 industrial production output decreased by 3.2 % (according to calendar adjusted data at constant prices).
Construction has begun at the site of a large new industrial park located on Maskavas street in Stopiņi municipality near Rīga, the company behind the project said April 2.
It seems that a shareholders' meeting at Olainfarm, a leading pharmaceuticals producer in Latvia, with the goal of "toppling" factory head Irina Maligina -- the eldest daughter of the late Valērijs Maligins -- has successfully taken place. However, it is now up to the Enterprise Register to rule whether the meeting, which was held inside a black van at the company's factory, took place legitimately, reports Rus.lsm.lv.
Latvian airline airBaltic continued its growth in 2018 and achieved strong financial results, according to the financial results for 2018 released April 2
The annual Rail Baltica Global Forum takes place in Vilnius, Lithuania April 3-4, to discuss the progress made so far on the 6-billion-euro infrastructure project and to chart future plans.
Shareholders of Latvia’s Olainfarm pharmaceutical company today elected a new supervisory board at a meeting that had been cancelled by the company’s previous supervisory board.
Latvian airline airBaltic on March 31, 2019, launched scheduled flights between Riga and Dublin, adding a new option on the competitive route.
Ships operated by Latvijas kuģniecība (Latvian Shipping Company/LSC) and the Danish company Torm are currently the two largest lines delivering oil to Venezuela following the imposition of sanctions by the United States, reports LSM's Russian language service.
The Public Transport Council on March 29 delayed an advance subsidy payment of €2.2 million to the Riga City Council for the transportation of passengers with disabilities in the second quarter of 2019, LETA learned at the council’s meeting.
The Public Procurement Monitoring Bureau has banned the Pasažieru Vilciens rail passenger carrier from concluding a train supply contract with the Czech company Skoda Vagonka, according to information released by the Public Procurement Monitoring Bureau and reported by the LETA newswire.
The Council of Latvijas Banka, the Latvian central bank, said March 28 it had adopted several legal acts that would bring "new functionalities to instant payments in order to provide innovative financial services."