ABLV membership of banking association suspended
ABLV bank the Latvian lender at the center of serious allegations of money-laundering by the U.S. authorities has had its membership of the Association of Latvian Commercial Banks (ALCB) "temporarily suspended" the association said February 16.
Rail Baltica route finalised at last
The actual route of the planned Rail Baltica rail link through the Baltic states has been finalised following the necessary paperwork being completed in Estonia, the consortium in charge of the project said February 15.
Bank association responds to U.S. heat on ABLV
The industry body that represents most of Latvia's banks responded to the prospect of the country's second-largest bank - one of its own members - being frozen out of the dollar banking system by making the self-evident statement that using the banking system for "illicit activities" is unacceptable.
No decision on attracting specialist guest workers
The Cabinet of Ministers on February 13 postponed making a decision on how to attract skilled foreign professionals, saying that discussions are still needed on which separate professions to include on a list.
Shareholders’ conflict might delay Rail Baltica, says CEO
Arguments between shareholders of RB Rail, the joint venture in charge of implementing the Rail Baltica high-speed train project, might delay the project and absorption of the EU funds, said RB Rail CEO Baiba Rubesa in an interview with the commercial LNT television on February 13.
Construction boomed nearly 20% in 2017
The latest data compiled by the Central Statistical Bureau (CSB) show that, compared to 2016, in 2017 construction output increased by 19.5 % (according to calendar adjusted data at constant prices).  Construction output at current prices amounted to 1.7 billion euros.
Annual inflation 2% in January
The latest data released February 12 by the Central Statistical Bureau (CSB) show that in January 2018, compared to January 2017 the average level of consumer prices in Latvia rose by 2.0 %.
Listen to the voices of TechChill!
More than 2,000 participants gathered in Riga February 8 for the two-day TechChill festival which is generally regarded as the season opener for the whole Baltic Startup scene. Three stages are in operation throughout the festival with a varied agenda ranging from the deadly serious to the decidedly lighthearted.
Finance Ministry speaks against offshore ban
The Finance Ministry does not approve of the parliament's decision to ban offshore companies from bidding for public contracts in Latvia because this decision may result in litigations, Finance Minister Dana Reizniece-Ozola (Greens/Farmers) told LETA on February 5.
Latvia's Industrial production rose 8.5% in 2017
Data released by the Central Statistical Bureau (CSB) February 5 show that, compared to 2016, in 2017 industrial production output increased by 8.5 % (according to calendar adjusted data at constant prices).
Bill for Daugavpils tram upgrade rises by 2 million euros
The cost of upgrading the tram lines in Latvia's second city, Daugavpils, has increased by 2 million euros, and due to design errors the planned reconstruction of the tracks has been stuck for almost half a year and could result in the loss of European funds needed for its completion, reports Latvian Radio.
I'm staying put vows Rail Baltica CEO Rubesa
In a February 2 press conference, after news of Estonian and Lithuanian shareholders expressing no-confidence against joint venture RB Rail boss Baiba Rubesa, she suggested there may be unfair interests at play, reported Latvian Radio. 
€2m seized in petrol scam to be paid into state coffers
A second-instance court ruled that €2 million seized by finance police in a 2014 case related to illicit local sales of gasoline that should have been exported, will be paid into the state coffers, the State Revenue Service said February 2. 
Former owners of Riga Circus score big compensation
The Administrative District Court on Wednesday satisfied the claim of the former owners of the Riga Circus building, Sarmite Bivina and Biruta Kreile, for compensation worth €1,015,549, the LETA newswire learned from the court.