Latviski English По-русски
Saturday 24.03.2018 | Name days: Kazimirs, Izidors

Latvian households’ disposable income grew 4.9% in 2016

Compared to 2015, household disposable income increased by 4.9 %, reaching 437 euros per household member monthly in 2016.

Swedbank: housing accessibility remains high in all Baltic capitals

Housing Accessibility Index improved in all three Baltic capitals in Q3 2017. Housing accessibility in Riga benefited from wage rise and reduced loan interest rates. In spite of the improved accessibility index in Riga, the market is ruled by relative silence, according to Swedbank Baltic Housing Accessibility Index.

Flights in December have 50% probability of being delayed

Christmas is the second least appropriate time after summer for flights, according to Eurocontrol data. On top of that, there is a 50% probability that flights may end up delayed in December. This means that people should plan ahead to avoid unexpected problems along the way, according to data from Skycop.

U.S. to spend in Estonia Ämari Air Base 12 million euros

The U.S. have decided to spend 214 million U.S. dollars (181 million euros) in European air bases, with 13.9 million U.S. dollars (11.8 million euros) being earmarked for the Ämari Air Base in Estonia.

Karavela: the year was difficult for fishing industry in Latvia and elsewhere in the world

2017 was very difficult for the fishing industry in Latvia and western countries, said co-owner and marketing director of Karavela canned fish producing company Jānis Endele, commenting on the situation in the industry in 2017.

Estonia continues work on its digital currency

As Estonia is considering the introduction of a virtual currency, it is looking into three models of its future electronic money, dubbed patriotically the «estcoin».

Latvia’s inflation level was fourth highest in EU in November

November’s inflation in Latvia was fourth highest among member states of the European Union, according to Eurostat data published on Monday, 18 December.

Leader of Latvian Association of Regions announces his departure

On Monday, 18 December, Riga City Council member Mārtiņš Bondars announced his decision to leave Latvian Association of Region (LAR). The politician had previously mentioned that LAR’s recent decisions seem unreasonable and unbeneficial to state interests.

Traders association: cigarette contraband will increase dramatically

Latvian Traders Association is worried – by reducing availability of tobacco products in stores and other trade locations, the proportion of products sold ‘under the radar’ will only increase. And this is basically what amendments to the Law on Tobacco Products Circulation.

Problems in higher education funding cause concerns for education quality

There can be no certainty about the progression of Latvia’s higher education towards excellence, because no ambitious goals have been set up for its development so far, as concluded by State Audit after performing an assessment of the country’s education funding system.

Terrorism, not Russia considered larger threat in Estonia

Estonians believe terrorism is a larger threat to security than Russia's actions, stated Estonian Defence Minister Jüri Luik at the Tallinn’s International Centre for Defence and Security.

Weather in Latvia to be cold and snowy this week

Atmospheric pressure will rise at the beginning of the week. Because of that, no precipitation is expected. Wind speed will be low and mist will remain in certain regions. On Tuesday, 19 December, a low atmospheric pressure area will pass through the country, bringing some rain, snow and wet snow, as reported by State Environment, Geology and Meteorology.

Latvian residents’ opinion of government’s work remains negative

Latvian residents voiced the biggest degree of dissatisfaction about the development of the situation in Latvia and the work performed by the government. Although the previous evaluation of government’s work had increased by four points, it has since declined by two points, according to data from Baltic International Bank’s Latvian Barometer.

Newest comments