News

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Average annual inflation in Latvia at 2.8% in 2019

13 January 2020

The average annual inflation rate in Latvia last year was 2.8 percent, LETA learned from the Central Statistical Bureau. In December 2019 as compared to November, Latvia recorded a 0.2 percent deflation, while compared to December 2018, the average level of consumer prices rose by 2.3 percent.... Read more

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Unemployment level in Latvia at 6.2% in late 2019

10 January 2020

At the end of 2019, the registered unemployment rate in Latvia was 6.2 percent of the economically active population, up 0.4 percentage points from November 2019, the State Employment Agency informed LETA. At the end of December a total of 57,808 unemployed people were registered with the Employment Agency, up from 53,783 unemployed people registered with the agency at the end of November.... Read more

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Kaspars Rozkalns to head Latvian Investment and Development Agency

08 January 2020

Kaspars Rozkalns, an employee at the Latvian Investment and Development Agency, has won the competition to become the agency's new head, LETA was told at the State Chancellery. The winner of the tender has been approved by Economics Minister Ralfs Nemiro (KPV LV) and is due to take office on January 20.... Read more

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Record number of companies liquidated in Latvia in 2019

06 January 2020

A record number of companies was liquidated in Latvia last year, as Lursoft representatives informed LETA. 23,881 companies were liquidated in Latvia in 2019, which is 3,137 companies or 15.1 percent more than in 2018 when 20,744 companies were liquidated in Latvia.... Read more