The Transport Ministry has proposed introducing a fixed fee for taxi rides from the Rīga International Aiport to the city center, Transport Minister Tālis Linkaits (New Conservative Party) told Latvian Radio February 21.
The major Rail Baltica railroad has been delayed for at least two to two-and-a-half years, and it is clear that the track will not be built in its entirety by 2026, said Transport Minister Tālis Linkaits (New Conservative Party) appearing on Latvian Radio's Krustpunktā February 21.
The Control Service (Latvian Office for Prevention of Laundering of Proceeds Derived from Criminal Activity) last year issued 186 decrees and achieved freezing of €101.5 million of laundered money, according to the information released during the annual meeting of prosecutors today.
The Mexican cement producer Cemex, S.A.B. de C.V. (Cemex) announced on Wednesday it was selling its assets in the Baltic and Nordic countries to the German construction materials maker Schwenk for €340 million, Cemex told LETA.
Prime Minister Krišjānis Kariņš announced February 20 that he was giving officials just over one month to draw up "substantial" reforms to the anti- money laundering system currently operating in Latvia.
Despite the belt-tightening measures taken so far, the subsidy needed by Rīgas Satiksme municipal transport company this year might increase by another €12 million to €134 million, the company’s acting CEO Anrijs Matīss told LETA February 20.
Latvian airline airBaltic announce February 20 that it will end its Boeing 737 fleet operations in autumn 2019, one year ahead of the original plan.
This week, Latvia again becomes for the Baltic startup ecosystem, gathering more than 2,000 tech enthusiasts, experts, speakers and students from all over the world. More than 20 different side events are taking place all over the city celebrating ideas, startups and innovations, with the leading event - TechChill startup conference - hosting attendees eager to get inspired and meet like-minded people for the 8th year in a row.
The Danish lender Danske Bank will close all of its banking activities in the Baltic countries and Russia.
A total of 176 asylum seekers were registered in Latvia last year, according to the Office for Citizenship and Migration Affairs.
The number of companies being liquidated has risen dramatically as a result of ongoing efforts to destroy Latvia's reputation for money-laundering and to clean up the financial sector, according to data from the official Lursoft company register.
There are delays in returning the deposits of the clients of the folded ABLV bank, as the involved parties have not agreed upon the depth in which to probe account histories of potentially suspect clients, reported LTV's investigative show De Facto. Latvia's PM Krišjānis Kariņš has become involved, saying an agreement must be reached by February 20.
Latvia's state-owned Pasažieru Vilciens rail company is to buy electric trains from Škoda Vagonka, Pasažieru Vilciens head Jānis Grigulis told the press February 15.
Latvia is officially giving up on its former ambitions to become a regional financial hub, after the government on February 12 discussed Finance Ministry proposals to delete wording expressing such hopes from the country's Financial Sector Development Plan.
The Latvian Finance Ministry said February 14 it expects to see economic growth of 3.2% in 2019 and 3.0% in 2020. After that, growth rates are likely to tail off further to around 2.9% in both 2021 and 2022, the Ministry said in drawing up its Latvian Stability Program for 2019-2022.
The Supreme Court of Norway has ruled against the Latvian trawler Senator and banned it from crabbing in Svalbard, the ship’s owner Pēteris Pildegovičs told LETA.
Last year 2.4 million flash payments worth €494 million were made in Latvia last year, the Bank of Latvia reported.
Provisional data released February 12 by the Central Statistical Bureau show that in 2018, the foreign trade turnover of Latvia at current prices reached EUR 27.8 billion – EUR 2.25 billion or 8.8 % more than in 2017.
The car of State Audit Office Elita Krūmiņa burst a tire after running into a pothole en route to Zaķusala for an interview with LTV, she told the One on One program February 12.
The first 18 startups financed by ALTUM accelerator programs have "graduated" to the next level of their business lives, a release from ALTUM said February 12.
The supervisory board of RB Rail AS announced in Vilnius February 12 it had appointed Finnish executive Timo Riihimäki as the new Chief Executive Officer and Chairperson of the Management Board of the Rail Baltica Joint Venture.
The Latvenergo energy company will start selling natural gas to households under its Elektrum brand, Latvenergo representative Ivita Bidere told the LETA newswire February 12.
In 2018, construction output in Latvia grew by an astonishing 21.9 %, according to the latest data compiled by the Central Statistical Bureau (CSB).
The latest data released by the Central Statistical Bureau (CSB) February 11 show that in January 2019, compared to January 2018, the average level of consumer prices in Latvia rose by 3.0 %.
The new government of Krišjānis Kariņš (New Unity) has ruled that there won't be a wage raise for teachers this year, despite the previous government's plan of a hike to €750 instead of the current €710 a month, the PM told the press February 7.
Ruffalo Noel Levitz, a US higher education company, has bought Latvia's Funderful for an undisclosed amount, Funderful founder and CEO Raimonds Kulbergs told the press February 8.
Latvia will likely continue to be among the European Union's fastest-growing economies in 2019, but at a slower rate than recently, European Commission vice-president and former Latvian Prime Minister Valdis Dombrovskis said February 8.
Latvian airline airBaltic confirmed February 7 it had hired New York-based investment bank Greenhill as its financial adviser.