Data from the Central Statistical Bureau (CSB) show that, compared to February, in March 2018 the level of producer prices in Latvian industry rose by 0.2 %.
In April the next tenders for the detailed technical design of the railway line in Estonia and Lithuania were announced, continuing implementation of the design phase of the Rail Baltica project, the RB Rail company said.
Lawyers representing Latvia’s ABLV Bank, the local Latvian bank which is currently liquidating itself in response to U.S. allegations of institutionalized money laundering, have called on the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury to cancel planned sanctions against the bank.
The property fund East Capital Baltic Property Fund III, which is part of the East Capital asset management company, has purchased the Galleria Rīga shopping center in Rīga, East Capital told LETA April 19.
On April 19 the Saeima supported a bill banning Latvia's banks from doing business with shell companies in the first reading.
The British Steel consortium has repeatedly voiced a wish to purchase Latvia’s insolvent KVV Liepajas Metalurgs steelworks as a whole, according to a letter written by British Steel at the disposal of LETA.
For the second year, a social media campaign has been launched by government officials from various agencies and departments targeting the shadow economy and dishonest activities in business and the workplace.
David Cohen, former deputy director of the U.S. Central Intelligence Agency and supervisor of the Financial Crimes Enforcement Network (FinCEN), now a partner at the international law firm WilmerHale, is representing Latvian commercial bank ABLV Bank in its dispute with FinCEN, the bank told LETA April 18.
On 11 April 2018, Latvia's fiberglass company Valmieras stikla šķiedra (Valmiera Glass) opened its second factory in Dublin, Georgia, USA.
Four candidates remain in the competition to become Latvia's new anti-money laundering chief, according to an official release from the government press office April 17.
The Latvian Cabinet of Ministers on April 17 approved several legislative proposals by the Finance Ministry to unify the deadlines for regular payments of taxes administrated by the State Revenue Service.
From 17 to 22 April, Latvia's Finance Minister Dana Reizniece-Ozola is attending the World Bank Group (WBG) and the International Monetary Fund (IMF) Spring Summit in Washington D.C., the ministry said April 17.
The coalition has agreed to reduce the mandatory procurement component in electricity rates by using part of the joint-stock power utility Latvenergo's profit, Economics Minister Arvils Aseradens (Unity) told reporters after the coalition's meeting April 17.
Latvian airline airBaltic said April 16 the first class of its new pilot academy had enrolled.
Latvia's Constitution Protection Bureau is to review information about a tram procurement in Daugavpils, which involves a company from Russia's military-industrial complex, reported TV3 commercial television April 16.
Latvia’s ABLV Bank whose shareholders made a decision on voluntary liquidation, will fire 250 employees in April, said ABLV group’s spokesman Arturs Eglitis April 13.
An initiative between state institutions and the Partnership of Latvian Construction Entrepreneurs seeks to set the minimum monthly wage in the construction sector at €780, which is close to twice the minimum monthly pay in Latvia, reported Latvian Radio April 13.
Baiba Rubesa, CEO of RB Rail AS, the joint venture established to oversee the Rail Baltic railroad project, said that it is difficult to predict to what extent the project will receive European funding after the withdrawal of the United Kingdom from the European Union.
Last year Latvia's flag-carrier airline airBaltic posted €4.6 million in net profit, up from €3.4 million in 2016.
In the first three months of 2018, more than twice as much alcohol was sold on the Latvian-Estonian border than during the same period last year, according to sales figures of alcohol producers and importers, reported Estonia's public broadcaster ERR.
The Finance Ministry has completed work on rules for the first receipt lottery in Latvia, which stipulate that the first lottery would be organized in August of 2019, the ministry told LETA April 10.
Latvia's labor costs have grown three times since joining EU, according to data published April 9 by Eurostat.
The Latvian government on April 10 upheld the bill proposed by the Finance Ministry to restrict financial transactions by high-risk customers in the Latvian finance sector.
The Cabinet of Ministers on April 10 approved the Economics Ministry's proposal to step up the supervision of energy producers in order to prevent them from cheating with mandatory purchase component (MPC) licenses.
Data by Latvia's Central Statistical Bureau show that the average level of consumer prices rose by 2.2% on year, with prices of goods growing 1.6% and prices of services by 3.7%.
About 20,000 Latvian enterprises should cease cooperation with shell companies, Daiga Kiopa, a board member of Lursoft business database operator told LETA news agency April 10.
A forum dedicated to the Rail Baltica railway is taking place April 10 to April 11 in Tallinn.
The European Central Bank said on April 6 it has asked the European Court of Justice to decide whether Latvian authorities have violated the law by preventing the head of Latvia's central bank from doing his job while he is investigated for suspected corruption.
Latvia's Finance Ministry has mapped out a bill with amendments to the Latvian Law on the Prevention of Money Laundering and the Financing of Terrorism, banning finance bodies from doing business with shell companies.
Latvia should only seek to attract high-skilled employees at the moment, as the local job market is not yet saturated and local job shortages mean increasing focus should be put on mobility, Latvia's PM Māris Kučinskis told Latvian Radio April 5.