The number of nights spent by guests at Latvia’s hotels and other tourist facilities in the first four months of this year grew 12.1% against the same period last year to 1.268 million, according to the data released by the Central Statistics Bureau (CSB).
A new platform designed to encourage foreigners to form startup businesses in Latvia has opened.
Prime Minister Māris Kučinskis told Latvian Radio June 21 he was prepared in principle to pay cash to farmers as a result of a period of dry weather this spring and summer, if it would save them from bankruptcy.
In 2017 gross energy consumption in Latvia comprised 194.9 petajoules (PJ), which is 5.5 % more than in 2016, according to data from the Central Statistical Bureau (CSB).
17 out of 21 cogeneration plants, which have had their licenses pulled by the Economics Ministry, have appealed these decisions, said Economics Ministry’s deputy state secretary Janis Patmalnieks at the Saeima national economy, rural, environment and regional policy committee meeting on June 19.
A second outbreak of African swine fever (ASF) among domestic pigs this year has been registered in a farm in western Latvia, the Latvian Food and Veterinary Service said.
Latvia's central bank (Latvijas banka, LB) said June 18 it was revising its growth forecast for the country downwards slightly.
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) on June 15 announced it was imposing a penalty on one of two people named for manipulating the financial markets.
The joint venture of the three Baltic States RB Rail AS has announced tenders for producing design guidelines and studies regarding the impact of the project, the company told the press.
In some much-needed good news for Latvia's banking sector, Swedish-owned SEB banka has won an annual Fair Trade Award for building its business and relations with employees, suppliers and partners on the basis of respect, honesty and sustainability.
The governing council of the European Central Bank (ECB) meets in the Latvian capital June 14, in an important but rather awkward get-together with council member and Latvian Central Bank governor Ilmārs Rimšēvičs under investigation by domestic anti-corruption police.
Skonto Prefab is a prefabricated concrete elements producer, founded in 2002 and based at an 8-hectare manufacturing site in Salaspils near Riga. But that's not where we are today. Concrete may be extremely useful but it is not the most poetic of materials. It would be hard to compose an Ode to Concrete or paint a magnificent landscape full of prefabricated concrete, even if it was livened up with a few dashes of steel reinforcement and cross-laminated timber.
Latvia's State Police on June 12 swooped the Vairāk saules restaurant chain, which owns six eateries in Rīga. Four people have been detained and a whopping 34 searches were carried out - in restaurants and residences of the people involved in the case - reports LTV.
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) announced June 12 it had decided to allow ABLV bank to undergo a process of self-liquidation.
Rīga retained its place as the most affordable of the three Baltic capitals when it comes to the cost of housing, according to the latest Housing Affordability Index (HAI) from Swedbank.
Provisional data released June 11 by the Central Statistical Bureau (CSB) show that in April 2018 the foreign trade turnover of Latvia amounted to EUR 2.13 billion, which at current prices was 13.0 % more than in April 2017.
The Latvian airline airBaltic and the national airline of Portugal TAP Air Portugal have concluded a cooperation agreement, known as codeshare agreement which will enable airBaltic passengers more options to travel to destinations in Brazil, Portugal and Africa, the airlines said in an announcement.
The latest data from the Central Statistical Bureau (CSB) released June 8 show that during the year in May 2018, compared to May 2017, the average level of consumer prices rose by 2.3 %. Prices of goods grew by 1.9 % and prices of services by 3.2 %.
Construction works have stopped at Rīga's tallest towers, the Z-Towers that look like enormous salt and pepper shakers, reported LTV June 6.
The Association of Latvian Commercial Banks (ALCB) has produced a summary of the financial trends in the banking sector during the first quarter of 2018 - a period of considerable developments caused by the collapse of ABLV bank and a subsequent scramble to clean up the non-resident banks. As a result, there are some eye-catching statistics among the data.
The nominated candidate for the position of head of the State Revenue Service (VID), Latvia's tax collection authority, announced June 7 he was withdrawing his candidacy with immediate effect.
According to the latest data from the Central Statistical Bureau (CSB), in 2017, as compared to 2016, the number of same-day trips taken by Latvian residents grew by 5.8 % and their expenditure grew by 11.1 %. In contrast, compared to the previous year, the number of overnight trips reduced by 2.6 % though expenditure rose by 21.0 %.
Potential investors from Turkey have showed interest in the airport in Daugavpils, south-eastern Latvia, the Mayor of Daugavpils, Rihards Eigims (Our Party), said at a news conference in the city council June 5.
It is generally assumed that the chief benefit of running a profitable business is the ability to extract that profit and spend it on yourself in a manner that is either modest, immodest or downright luxurious, according to the level of profit achieved - and one's own appetite for the finer things in life.
The number of so-called "shell companies" - corporate entities designed simply to carry out complex financial transactions, often as part of money-laundering schemes - doing business via Latvia banks is in sharp decline, Latvia's financial regulator said June 5.
The Association of Latvian Commercial Banks’ (ALCB) on June 1 published its Lending Index, which recorded "rapid growth of lending in the private sector over the last three years."
Latvia's financial regulator, the Financial and Capital Markets Commission (FKTK) has still not decided whether or not to accept a self-liquidation plan proposed by ABLV bank three months ago, reported LTV June 1st.
The identity of the new head of Latvia's State Revenue Service (VID) was announced June 1.
Citadele Group on May 31 announced its results for the first three months of 2018, revealing a net profit increase of 3% to EUR 9.4 million, of which Citadele Bank made EUR 6.6 million.