Economy
Latvian designer wins NASA acclaim
The sensor “AMII” created by the Latvian company “KOB ART” is ranked among the winners and recognized as the best prototype in a competition launched by the U.S.' National Aeronautics and Space Administration (NASA), the company's representatives said on July 14.
Jūrmala city might introduce year-round entrance fees
The Mayor of Jūrmala Gatis Truksnis called a meeting on July 14 to decide on amendments to the Jūrmala City Council's binding rules on the entry of vehicles in the administrative area of the city. Currently a toll is payable for all motor vehicles entering Jūrmala.
airBaltic signs codeshare agreement with Icelandair
Latvian national airline airBaltic said July 13 it had signed a codeshare agreement with Icelandair that "opens new markets for the carriers by allowing them to sell and issue airline tickets jointly throughout their  networks. 
Rīga-Liepāja flights to take off again
Starting Monday, July 13, the national airline airBaltic will renew scheduled flights between Riga and Liepāja four times a week, Kurzeme Regional TV reported on July 10.
Foreign trade figures suffer due to coronavirus
Provisional data released by the Central Statistical Bureau (CSB) July 10 show that in May 2020 the foreign trade turnover of Latvia amounted to EUR 1.93 billion, which at current prices was 24.1 % less than a year ago.
Latvian-created online plugin popular worldwide
Mārtiņš Balodis completed his studies at university and immediately founded the information technology company WebScraper, now used by 350 000 people worldwide. The company offers customers an automated way to obtain data from different home pages, Latvian Television reported on July 9.
Riga airport laid off fewer employees than expected
Riga International Airport Although was planning to lay off more than 500 employees due to the COVID-19 crisis, but only dismissed 353 in reality, said Chair of the airport board, Laila Odiņa, to Latvian Radio.
Riga tests red traffic light radar
A new type of traffic radar has been installed at the intersection of Brīvības and Krustabaznīcas Street in Riga. The radar detects drivers who do not mind the red light, Latvian Television reported on July 8.
100 new electric vehicles available for public use in Riga
Around 700 electric cars are currently on Latvian roads, but now another 100 are joining them. These environmentally-friendly cars will be able to be booked by an app and driven daily, reported financial institution Altum on July 7.
Tērbatas Street traffic-free for a month
It is planned to close nearly all Tērbatas Street in Riga from July 15 to August 16, giving it to pedestrians and traders, as well as to the development of cultural events, according to the agenda of the meeting of the temporary administration of Riga municipality Tuesday, July 7.
Economic hit of COVID-19 may be smaller than feared, economist says
Latvia has succeeded in overcoming the first wave of the pandemic more successfully than most other European Union and world countries, and now finds itself in a strong position according to many economic indicators, according to Mārtiņš Āboliņš, economist with Citadele Bank.
More Latvian-grown produce to be available in shops
Non-governmental organisations of farmers and traders, as well as the Minister for Agriculture, signed a memorandum of cooperation in order to promote the increased availability of quality fruit, berries and vegetables produced in Latvia to consumers,  the Ministry of Agriculture said on July 6.
Rail Baltica discussion available to watch online
Policymakers responsible for coordinating, funding, and realising the €5.8bn Rail Baltica project presented their latest plans and timelines for completion during a webinar titled ‘Rail Baltica as driver of economic development in the post-COVID recovery’ on 1 July 2020.
Negative wholesale electricity price in Latvia for the first time
For the first time in history, a negative wholesale electricity price has been observed in Latvia - on July 6 of this year from 5 to 6 a.m., the price of electricity on the Nord Pool exchange in the Latvian price area was minus €0.09 per megawatt hour (MWh), the public service regulation commission (SPRK) told news agency LETA on  July 6.