24 January 2022
Investment of foreign companies and individuals in share capital of Latvian companies last year reached EUR 11.29 billion, according to Lursoft business database. The steep rise was caused by registration of Swedbank Baltics holding in February 2021. ... Read more
11 January 2022
Operational data on Riga Airport performance show that the number of passengers handled at Riga Airport in 2021 exceeded 2.35 million, which is an increase of 17 percent as compared to 2020. In comparison to 2019, the number of passengers dropped by 70 percent. London, Tallinn, Frankfurt, Kiev and Amsterdam were the most popular destinations from Riga in 2021.... Read more
01 December 2021
When entering Latvia at Riga International Airport, persons will have the opportunity to take a voluntary Covid-19 test, the government approved on Tuesday. The new requirement will take effect on Thursday, December 2nd.... Read more
01 December 2021
RIGA, Dec 1 (LETA) - In the third quarter of 2021, the average monthly gross salary in the country for full-time work was EUR 1,280, according to the data of the Central Statistical Bureau (CSB). Compared to the third quarter 2020, the average monthly salary increased by EUR 121 or 10.4 percent, but the hourly wages before taxes - by 4.4 percent - from EUR 8.09 to EUR 8.44.... Read more
26 October 2021
The Saeima yesterday endorsed in principle a bill on Latvia's 2022 budget in which consolidated revenue is planned at EUR 10.6 billion, while expenditure is projected at EUR 12.4 billion. Latvia's general government deficit is planned at EUR 1.62 billion, or 4.8 percent of GDP.... Read more
26 October 2021
The Saeima on Monday endorsed in principle and gave urgency status to draft amendments to the Personal Income Tax Law, which will raise non-taxable minimum income for working and retired people to EUR 500 in 2022.... Read more
21 October 2021
Strict Covid-19 lockdown rules have come into force in Latvia from today until November 15. During this time period, all stores, except for those selling essential goods, will be shut, and only the most essential services will be available. The rules effective during the lockdown are intended to restrict in-person contacts of people from different households as much as possible in order to ease pressure on the healthcare system, prevent the necessity to limit critical healthcare services and prioritize patients.... Read more
19 October 2021
In September 2021, Latvia's actual unemployment rate was 6.4 percent, down 0.5 percentage points from August, shows the Labor Force Survey conducted by the Central Statistical Bureau (CSB). This is the lowest unemployment rate recorded since December 2019 when it was 6.6 percent, the CSB said.... Read more
27 September 2021
Norway at present in the eighth largest investor in Latvia with direct investments exceeding EUR 350 million, LETA learned from the Norwegian Chamber of Commerce inLatvia. The total turnover of companies in Latvia with Norwegian capital, according to Lursoft, exceeded EUR 1.15 billion, according to Lursoft.... Read more
15 September 2021
Even though there had been short episodes in regions where vaccines had not been available, but overall there are no problems with availability of vaccines, said HealthMinister Daniels Pavluts (For Development/For), answering Prime Minister Krisjanis Karins' (New Unity) questions.... Read more
