Latvian producer prices dipped in July
Data from the Central Statistical Bureau (CSB) released August 21 show that, compared to June, in July 2019 level of producer prices in Latvian industry fell by 0.2 %. 
Regulator files for insolvency of PNB banka
Latvia's banking regulator, the Financial and Capital Market Commission (FKTK) announced August 22 it had applied to declare the country's sixth largest bank, PNB banka, insolvent.
iNOVUSS festival takes place in Rīga next week
In a week's time, from August 30 to September 1, what is being claimed as "the biggest innovation event of this summer" – the innovation and technology festival iNOVUSS – will take place on Lucavsala island in the middle of the River Daugava, Rīga.
Latvian, Estonian dairies team up in cross-border cooperation
Latvian dairy cooperative Piena Ceļš (Milky Way) plans to team up with Estonian cooperative Epiim and invest 100 million euros in a new dairy plant in Estonia for processing milk supplied by Latvian and Estonian farmers, Piena Ceļš board chairman Raimonds Misa told the LETA newswire August 20.
Latvia's Brain Games buys Lithuania's New Media Publishing
Board game company Brain Games Ltd. which was founded in Latvia, has acquired Lithuanian board game, puzzle and toy retailer and wholesaler New Media Publishing Ltd, becoming in the process the largest chain of board game shops in the Baltics.
No deal Brexit to cause modest rise in EU payments
In the case of a no-deal Brexit, Latvia's payments into the European Union budget could increase by about EUR 23.27 million, according to report from the Finance Ministry submitted to the Cabinet of Ministers, the LETA newswire reported August 18.
PNB banka payouts to total nearly 300 million euros
Following the suspension of PNB Bank's ability to offer services as a result of action by the European Central Bank (ECB) and the Financial and Capital Markets Commission (FKTK), almost 300 million euros will be paid out to depositors, FKTK's acting chairwoman said August 16.
Modest gains in Latvian hotel sector
Latest data of the Central Statistical Bureau (CSB) show that 781 thousand visitors stayed at Latvian tourist accommodation establishments in the 2nd quarter of 2019, which is 1.1 % more than in the 2nd quarter of 2018.
25 apply to become head of Latvia's financial regulator
A contest to find a new and confidence-inspiring head of Latvia's financial regulator, the Financial and Capital Markets Commission (FKTK) has attracted 25 applicants in the initial stage, the government press office revealed August 13, one day after submissions for the job closed.
Tax service evaluates first month of receipt lottery
The first receipt lottery draw took place last Sunday, August 12. With more than 1.7 million receipts, cheques and tickets submitted, deputy director general for taxation at the State Revenue Service (VID), Dace Pelēkā considers the first month of the lottery to have been very successful, reported on August 12.
Foreign trade figures present a mixed bag in June
Provisional data released August 9 by the Central Statistical Bureau (CSB) show that in June 2019 Latvia's foreign trade turnover amounted to EUR 2.19 billion at current prices - a figure 10.3 % less than a year before.
Farmers upbeat about harvest prospects
After two years of poor harvests, farmers can finally breathe a sigh of relief, as not only the grain harvest is expected to be good this year, but also the fruit and berry harvest, the head of the Latvian Council for Cooperation of Agriculturalist Organizations (LOSP) Edgars Treibergs told the LETA newswire.
airBaltic rolls out Lithuanian paint job
Latvian airline airBaltic has completed a full set of planes in the colors of the flags of the Baltic states, on August 8 revealing a jetliner in the Lithuanian colors to go with the already extant Latvian and Estonian flag liveries on other Airbus A220-300 planes, as previously reported by LSM.
Publishers propose 5% VAT on books
Reducing VAT on books to 5% will have only a slight impact on the state budget, but it will help to stabilise the publishing industry, said Renāte Punka, chairperson of the board of Latvian Publishers Association, in an interview with Latvian Radio on Thursday, 8 August.
Inflation up on year, down on month
The latest data of the Central Statistical Bureau (CSB) released August 8 show that in July 2019, compared to July 2018, the average level of consumer prices rose by 2.9 %.
PNB bank chairman has departed
The Chairman of the Board of PNB Banka, Briton Oliver Bramwell, has left the post he had held since 2013, the bank has announced. 
Loan commitments on the rise in Latvia
Last year saw the increase of the number of Latvian residents who struggled to pay back their loans and were forced to extend their loan repayment deadlines three or four times, said head of Consumer Rights Protection Centre (PTAC) Baiba Vītoliņa at a press-conference on August 6.