The Baltic States' joint venture, RB Rail, has announced a two-year procurement on temporary employee hiring, according to information from the Procurement Monitoring Bureau (IUB) reported by LETA September 30.
Economy
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) and released September 29 show that, compared to August 2019, in August 2020 total retail trade turnover rose by 4.4 %.
The Bank of Latvia has adjusted its forecasts for the development of gross domestic product (GDP) this year and next year, Uldis Rutkaste, head of the Monetary Policy Board of the Bank of Latvia said September 29.
Latvian monetary financial institutions, mainly banks, have been working on profits of €93 million in first eight months of 2020, according to information published by the Bank of Latvia September 28.
Excise duty should be increased carefully in order not to increase the amount of smuggling, said economist, researcher Arnis Sauka, in an interview to Latvian Radio September 28.
As the situation in the tourism industry is getting tougher and tougher, Latvian Television investigative program De Facto spoke to industry representatives September 27 to find out what it looks like at the moment and what the future might be.
In case of a second wave of COVID-19, it is necessary to find a balance between health and economy sectors, Economics Minister Jānis Vitenbergs (KPV LV) said in an interview to Latvian Radio September 28.
The updating of Latvia's list of countries requiring self-isolation for 10 days for new arrivals on September 25 means that from September 26 only people travelling from the Vatican will be able to do without a quarantine regime.
On Thursday, September 24, Latvia's Minister for Finance Jānis Reirs, the Head of the Financial Intelligence Unit Ilze Znotiņa and the U.S. Ambassador to Latvia John L. Carwile signed the Terms of Reference between the Republic of Latvia and the US Department of Treasury, prescribing the provision of technical assistance of the U.S. Department of Treasury in the field of anti-money laundering and countering terrorism and proliferation.
Developers have announced a second stage of construction at the 'Business Garden Rīga' business park in the Latvian capital. Vastint Latvia is planning to launch its second phase of construction following a tender and is in the process of selecting construction partners.
According to the September edition of the "Payment Radar" produced by the Latvian central bank (Latvijas Banka, LB) the spread of the coronavirus COVID-19 and the related restrictive measures concerning people's daily lives have significantly affected payment habits in Latvia over the last six months.
The Ministry of Economics (EM) wants to replace the 10-day self-isolation after returning from abroad with extensive COVID-19 testing, said Deputy State Secretary Raimonds Aleksejenko to Latvian Television September 23.
September 23 data of the Labor Force Survey conducted by the Central Statistical Bureau (CSB) show that in August 2020 actual unemployment rate comprised 8.6 %, which is 0.3 percentage points more than in July.
European Road Police Network “ROADPOL Safety Days” have ended tragically in Latvia, as people have been injured and killed, said Juris Jančevskis, State Police representative, on Latvian Television September 23.
Re:Baltica, the Baltic Center for Investigative Journalism, has published more stories outlining the vast scale of money-laundering operations that have taken place in the Baltic states, including Latvia, over recent years.
On September 22, in a statement to Nasdaq, pharmaceutical manufacturer JSC Grindeks identified major strategy development directions until 2025.
Passenger turnover at Riga International Airport in August this year has dropped by 77%, as compared to August 2019, according to September 22 data by Central Statistical Bureau.
We have reported extensively in the past about the propensity of Ģertrūdes iela (Gertrude Street) in central Rīga to gobble up the occasional motor car, but in a new development that is likely to be of great concern to all residents of the Latvian capital, another street appears to want its portion, too.
Arvīds Borherts-Smiļģis has created a workshop in Dobele that makes bicycles in line with each customer's wishes, Latvian Television reported September 22.
Government parties on Monday, September 21, agreed on the framework for the country's next year's budget, said Prime Minister Krišjānis Kariņš (“New Unity”).
Data of the Central Statistical Bureau (CSB) published September 21 show that, compared to July, in August 2020 the level of producer prices in Latvian industry remained the same.
The Baltic Center for Investigative Journalism, Re:Baltica, released a new series of reports September 20 revealing the vast scale of suspected illicit flows of cash via Latvian banks between 2006 and 2017.
In Latvia, 80.5% of the European Union (EU) funds available during this planning period have been invested in various projects, according to information compiled by the Ministry of Finance September 19.
Economics Ministry (EM) said September 18 that the Latvian-Estonian wind energy park planned in the Gulf of Rīga could be ready by 2030.
September 18 data of the Central Statistical Bureau (CSB) show that at the end of the second quarter of 2020 there were 20 thousand job vacancies in Latvia, which is 10.4 thousand vacancies or 34.2 % less than in the second quarter of 2019.
The Ministry of Economics (EM), the Latvian Investment and Development Agency (LIAA) together with the financial sector have developed a questionnaire for foreign investors intended to save time, EM told Latvian Radio September 18.
Rīga has maintained and even strengthened its position as the most affordable of the Baltic capital cities in the residential real estate market despite changed conditions as a result of the coronavirus crisis, according to Swedbank's latest Baltic Housing Affordability Index released September 17.
Trade must be not only free but also fair, said Valdis Dombrovskis, executive director of the European Commission, who currently performs the duties of EU Trade Commissioner, in an interview to Latvian Radio September 18.
The Saeima conceptually supported amendments to the Electricity Market Law, which provides for the abolition of the mandatory procurement component (OIK) for electricity consumers, said the Saeima Press Service September 17.
Seasonally and calendar non-adjusted data of the Central Statistical Bureau (CSB) published September 17 show that, compared to the second quarter of 2019, in the second quarter of 2020 hourly labor costs increased by 6.2 % or 60 cents, reaching EUR 10.27.