For the last year and a half, there is increased interest about buying property in Aizkraukle, Vidzeme region. Nevertheless, about 600 flats have no legal residents, though, practically, people may actually be living on these premises.
The economies of the three Baltic states are all growing fast, but given past experiences, is there a chance they could overheat? That is the question posed by new research from Swedbank which says "the temperature is slowly rising".
Riga International Airport's passenger turnover in January-September amounted to 5.382 million passengers, an increase of 16.8 percent on the first nine months of 2017, the airport announced on October 15.
The Cabinet of Ministers endorsed the Finance Ministry's 2019 draft state budget on October 15.
It's always nice to top a European Union league table and Latvians have done so in an area that is perhaps not always acknowledged - satisfaction with the promptness of trains.
The Finance Ministry has increased Latvia's gross domestic product growth projection for this year from 4 percent to 4.2 percent, while cutting the economic growth projection for next year, LETA learned October 11.
The Latvian parliament on October 11 in the final reading adopted amendments to the Law on Government-Funded Penions, providing that the 2nd-level pension capital can be inherited.
Snēpele. The word is pleasant. The place, no-one has heard of. It is a long way from Rīga. It is 17 kilometres south of Kuldiga, on a road no-one really takes unless they have already taken a wrong turn.
Provisional data of the Central Statistical Bureau (CSB) show that in August 2018 the foreign trade turnover of Latvia amounted to EUR 2.55 billion, which at current prices was 11.3 % more than in August 2017.
The power transmission operators from the Baltic states are due on October 10 to submit an official application to the European Commission for the funding of the first stage of the synchronization of the Baltic states' power systems with that of continental Europe.
In spring 2019, Latvia's state-majority company Lattelecom will change the brand and the company name to "tet", the company told the press October 9.
In the first nine months of this year, the State Revenue Service collected €7.01 billion in taxes for the Latvian budget, which was €77.6 million or 1.1% above the target, the tax authority said.
In its latest World Economic Outlook, the International Monetary Fund (IMF) has lowered its economic growth projection for Latvia this year and next.
Annual inflation in Latvia climbed past 3% for the first time in more than a year in Setptember according to data released by the Central Statistics Bureau (CSB) October 8.
This past summer, the Latvian State Police opened a criminal case on possible money laundering schemes at ABLV Bank, which is currently undergoing a liquidation process.
A new piece of economic research by Swedbank suggests the frequently-predicted scenario of labor and skills shortages putting a brake on the Latvian economy is getting closer to reality.
On October 4 the Latvian parliament adopted new measures to curb payday lending and protect people who take payday loans, reported LSM's Latvian-language service.
IT company Mikrotilks co-founder Arnis Riekstiņš is ranked first in newspaper Dienas Bizness' list of 100 wealthiest people in Latvia, up from fourth place last year.
Reitan Convenience, the owner of the Narvesen kiosk chain has struck an agreement to buy the Caffeine Roasters chain of cafes in the Baltics, which operates in 60 locations across the Baltics.
While Latvia's main economic risks are related to the global market, next year the crucial event to determine the course of the Latvian economy will be an upcoming report by Moneyval, a Council of Europe body dedicated to anti-money laundering (AML) and counter-terrorism financing (CTF).
I felt I was arriving at Ainaži well prepared. Halfway to the little seaside town in the very north-west corner of Latvia, I stopped at a cafe for lunch. On the table was the local Auseklis newspaper. The cover story was about tremendous interest in the first ever Blackcurrant Day. Page 2 featured the renovation of some steps. And then an absolute gift to a lazy writer: a detailed history of Ainaži.
It's certainly been an eventful year in the life of the Latvian central bank, Latvijas Banka.
Latvian Prime Minister Māris Kučinskis gained a byline in world-famous British newspaper The Financial Times September 30 with an opinion piece talking about government plans to tackle money-laundering and financial crime.
By September 18, about 3,300 creditors of the ABLV Bank, which is in the process of folding, have submitted claims for €2 billion, or about 98% of the bank's total obligations.
On 25 September, the Latvian government approved what it called a "comprehensive Action Plan" in response to the recommendations included in Moneyval’s recent evaluation of Latvia’s anti-money laundering system, which has been in sharp focus ever since ABLV bank's fortunes nosedived in the wake of money laundering accusations from the U.S. authorities.
From the outside it looks like a normal building in the Agenskalns district of Rīga. If you had to guess what went on inside, you would probably opt for the usual domestic dramas and dish-washing of any apartment block with perhaps a sprinkling of insurance brokering or book-keeping activity inside some smallish, cheapish offices.
Ignas Degutis, CFO and a member of the management board at RB Rail, on September 27 was appointed acting CEO of the Baltic joint venture, which is implementing the European standard-gauge railway project Rail Baltica, following Baiba Rubesa's resignation.
The Latvian parliament on September 27 adopted in the final reading amendments to the law on individual income tax, providing to raise the non-taxable minimum income on pensions to €330 a month in 2021.
Here are some of the key quotes from outgoing Rail Baltica CEO Baiba Rubesa's eye-opening resignation statement September 27. In a twenty-minute address she painted a picture of half-hearted commitment to the project by officials, clear conflicts of interest and needs for a major structural and financial overhaul.
Latvian national, 38-year old non-citizen Ruslans Bondars, has been sentenced in the US to 14 years in prison for offenses related to his operation of Scan4you, an online counter antivirus service that helped computer hackers determine whether the computer viruses and other malicious software they created would be detected by antivirus software, Latvian commercial TV3 television reported on Wednesday.