News

25 February 2020

Last year, Riga International Airport was the third fastest-growing airport in European capital cities, the airport's representatives informed LETA, citing a report by Airport Council International (ACI) on airports' performance in 2019. The number of passengers at Riga Airport rose 10.5 percent last year, which is the third steepest growth after Vienna Airport and Milan Malpensa Airport. ... Read more

24 February 2020

The international rating agency S&P Global Ratings has raised Latvia's credit rating from A to A+, with a stable future outlook, the ratings agency announced. This is Latvia's highest ever ratings level. The agency points out that prudent fiscal policy will continue to support Latvia's already modest debt decline, despite somewhat weaker medium-term economic growth prospects. ... Read more

14 February 2020

As part of the forthcoming tax changes, several ministries have proposed applying a reduced value added tax rate to medicines, certain food products, restaurants and newspapers, according to ministries' proposals for changing tax policy guidelines for 2021-2025.... Read more