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Economy
airBaltic lost EUR 256 million last year
In view of the negative impacts of the Covid-19 pandemic, the Latvian airline airBaltic ended the year 2020 with a drop in revenue of 72% and a loss of €256 million, according to information from the airline April 15.
Salu bridge to undergo reconstruction
Round 2 of the Salu bridge complex reconstruction is due to take place between April 14 and July 17, and traffic changes will be in place, the Rīga City Council Transport Department said April 13.
Port takeover reform advanced by government
At a meeting on Tuesday, April 13, the Cabinet supported amendments to the Law on Ports, which provides for the state takeover of the management of Latvia's largest ports. The draft law has yet to be viewed in the Saeima.
Tests show vehicle fuel quality 'generally good'
Over the last six months, the State Construction Control Bureau (SCCB) has taken 170 samples of traded diesel fuel and 95- and 98-grade petrol fuels and tested them in an accredited laboratory.  Non-compliance with fuel standards was established in four cases.
Strong growth on year for foreign trade in February
Provisional data released by the Central Statistical Bureau (CSB) April 12 show that in February 2021 the foreign trade turnover of Latvia amounted to EUR 2.33 billion, which at current prices was 4.6 % larger than a year ago,.
Latvia's coin of the year 2020: linden leaf
The annual public survey on the favorite collector's coin of the year chose the linden leaf coin released November 2020, Latvian Central Bank representatives said April 12.
More than a virus: pandemic and online security in the Baltic states
The Covid-19 pandemic has not only an impact on business and economy but also reshaped cyberspace. The increased use of digital technologies has become the “new normal“ in many organisations. This has created security blindspots for malicious actors that have set their sights also on the Baltics.
International delivery services busier than ever during pandemic
E-commerce is rapidly evolving during the Covid-19 pandemic. For shipping suppliers, the hottest working time is generally Christmas, but due to the limits imposed by Covid-19, shipment deliveries skyrocketed. What challenges are international deliverers facing? Latvian Radio spoke to service providers April 12.
Rīga airport passenger number down 91% in first quarter
In the first quarter of 2021, the number of passengers serviced at Riga International Airport decreased by 91%, according to operational data on the airport's performance during the first three months of the year published April 9.
Annual inflation at 0.3% in March
The latest data published by the Central Statistical Bureau (CSB) April 9 show that in March 2021, compared to March 2020, the average level of consumer prices increased by 0.3 %.
Rural tourism industry hopes for 'logical' government decisions
The rural tourism industry looks forward to 'logical government decisions' that would allow the industry to work in compliance with all the requirements needed to limit Covid-19, the head of the Rural Tourism Association, Asnāte Ziemele, told Latvian Radio April 9.
How can you fly in the Covid-19 era? Interview with airBaltic's Martin Gauss
After several years of rapid growth, Latvian national airline airBaltic was brought back down to earth in 2020 by the Covid-19 crisis. It laid off staff and saw its routes and schedules cut back dramatically. Chairman and chief executive Martin Gauss spoke to LTV to review the situation and outline future strategy in a drastically changed aviation environment. You can watch the full interview above and read an edited version below.
Freshly-opened stores packed with customers
As of Wednesday, April 7, many stores, including clothing and footwear stores located outside of malls, are open again. Long lines of customers with even an hour-long wait are forming outside, Latvian Radio reported.
Industrial production ticked up in February
Data compiled by the Central Statistical Bureau (CSB) and released April 6 show that, compared to February 2020, in February 2021 Latvia's industrial production output rose by 1.5 % according to calendar adjusted data at constant prices. 
Smaller stores can re-open from April 7
After the easter holidays, from April 7, most smaller retail stores will be able to resume in-person trading, but large shopping malls will still have restrictions in place and only certain stores will be able to work in them, the government agreed on Thursday, April 1. 

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