The ongoing corruption scandal in Rīga's satiksme municipal transport company will seriously affect Latvia's reputation and its ability to attract potential investors, said Andris Grafs, the head of the Baltic Institute of Corporate Governance in Latvia.
On December 14 the Bank of Latvia upped the country's GDP growth forecast for 2019 to 3.5%.
Latvian farmers made their ways to Brussels on December 13 in concert with colleagues from Estonia and Lithuania to protest against the low levels of payments they get from the European Union in comparison with farmers in other countries.
Latvia’s airBaltic carrier will increased the number of flights on the Rīga-Liepāja route from three to five per week starting summer season 2019, the company told the LETA news agency.
Housing affordability improved in all three Baltic capitals in the third quarter of 2018, according to an index produced by Swedbank.
A new report from Swedbank, titled "How much havoc would Brexit bring?" attempts to estimate the potential impact of the United Kingdom's increasingly disorderly exit from the European Union.
Two of the most familiar sights on the streets of Rīga are to join forces after the Competition Council, Latvia's competition watchdog, greenlighted a deal in which Reitan Convenience, the owner of the Narvesen kiosk chain, will buy the Caffeine Roasters chain of cafes, which operates in 60 locations across the Baltics.
At the moment, investment banks are making an independent assessment of the possibility of listing the Latvian national airline airBaltic's shares on the stock exchange to attract new capital, the chief executive and chairman of the airline, Martins Gauss, told LTV's Morning Panorama show December 12.
The latest data of the Central Statistics Office show that in November 2018, compared to November 2017, the average level of consumer prices rose by 3.0%. Prices of both goods and services grew by 3.0%.
Traffic will be organized in a very different manner in central Rīga, with Kr. Barona street possibly closed to vehicle traffic and other changes introduced in the coming years.
In addition to Czech train manufacturer Škoda Vagonka, the Spanish company Construcciones y Auxiliar de Ferrocarriles (CAF) has filed an application with the Latvian procurement authority claiming violations in a negotiations procedure held by Pasažieru Vilciens rail passenger carrier to select a supplier of new electric passenger trains, according to the information published on the internet website of the Procurement Supervision Bureau.
Data from the Central Statistical Bureau show that, compared to January–September 2017, over the first nine months of 2018 the volume of freight carried by land and via pipelines in Latvia increased by 7.6 million tonnes or 8.6 % and freight turnover rose by 5.4 %.
Latvia's strong economic growth continued into the third quarter of the year according to data compiled by the Central Statistical Bureau (CSB) and released November 30.
Data released by the Central Statistical Bureau (CSB) November 29 show that in the 3rd quarter of 2018, compared to the 3rd quarter of 2017, the average monthly gross wages and salaries grew by 8.0 % or EUR 75, reaching EUR 1 006 for full-time work.
Latvia's financial regulator, the Financial and Capital Markets Commission (FKTK) released a statement on the evening of November 28 insisting that the SWIFT (Society for Worldwide Interbank Financial Telecommunication) international payment system was operating normally in Latvia, in an apparent rebuttal of statements made by Finance Minister Dana Reizniece-Ozola on November 27.
On November 29th, the day before the influential technology, startup, policy and lifestyle Digital Freedom Festival opens, the Magnetic Latvia business center at Rīga International Airport will host what organizers call "an unprecedented startup experience event".
Among all districts of Latvia the highest cereal yield last year was recorded in Dobele county according to experimental statistics from the Central Statistical Bureau (CSB).
Latvia’s airBaltic carrier has opened application process for the spring group of 2019 at airline’s newly established Pilot Academy, LETA learned from airBaltic spokeswoman Alise Briede.
I am intrigued to find out why molecular biologist Vitalijs Skrīvelis has chosen to meet me at Zilaiskalns. It is certainly a special place, a hill that rises from the flat fields and forests of north Vidzeme that is rich in legend and folklore, but not perhaps what you would expect from someone of a scientific mindset.
Latvia is one of the top ten countries in the world when it comes to gender equality in the workplace, according to recent research.
The shadow economy should be cut below 20% of GDP within the next few years, said Ieva Jaunzeme, who has been nominated to head the State Revenue Service (VID).
Saeima will repeatedly review amendments to the Labor Law, which stipulate cutting overtime pay 50 percent under general collective agreements and which President Raimonds Vejonis has returned to Saeima for revision.
The European Commission has approved Latvia's 2019 draft budgetary plan, pointing out that the plan is broadly compliant with the Stability and Growth Pact for 2019.
Latvia’s Pasažieru Vilciens (Passenger Rail) rail passenger carrier will purchase new electric trains from Spanish company Talgo, the rail company’s CEO Rodžers Jānis Grigulis told the press November 21.
The influential Latvian technology, startup, policy and lifestyle Digital Freedom Festival, has announced details of this year's program.
If you find yourself in Lithuania, you have gone slightly too far.
Latvia is celebrating its 100th birthday this weekend, and there's also the Staro Rīga festival. Traffic movement will be severely restricted throughout the capital, particularly in Old Rīga and the historical center.
Mintos, a Latvia-based financial technology company, has raised 5 million euros in funding which it will use to provide its clients with personal IBAN accounts and debit cards, the company announced November 14.