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Saturday 26.05.2018 | Name days: Varis, Eduards, Edvards

Unemployment level adjusted according to population census data

Based on the actualized data from the Central Statistical Bureau of Latvia (CSB) on the number of economically active residents in Latvia the State Employment agency (SEA) adjusted this year’s registered unemployment level in Latvia. The current unemployment level in Latvia is 12.9% - this is by 1.2 percent points higher than March unemployment level.

Household accidents – random or seasonal?

Household accidents take place more often in the first dates of the month and during the night. Also, almost half of all accidents take place during winter.

Ex prime minister: Latvia can stay out of eurozone due to Greece and Portugal

Latvia may fail to meet the requirements for entering the eurozone which have been imposed due to Greece and Portugal, the ex prime minister and former EP deputy Guntars Krasts said. However, he added that we should keep the course to euro criteria, as it complies also with provisions of the agreement with international creditors.

Manufacturing industry turnover has an annual 14.8% increase

According to seasonally adjusted data, manufacturing industry turnover increased in actual prices by 5.6% in March 2012, compared to February 2012. This includes a 2.4% increase on the local market, and an 8.6% increase on the export market.

Saeima approves National Defence Concept

Today, May 10, the Saeima (Latvian Parliament) unanimously approved the National Defence Concept. It shifts the focus from Latvia as a country, which receives security to a country, which provides it - within the framework of NATO.

Latvia’s GDP grows by 6.8%

According to seasonally unadjusted data, the gross domestic product (GDP) volume increased by 6.8% in the first quarter of 2012, compared to the first quarter of 2011.

Banking sector has the highest wages; leaders – airBaltic and free ports

The highest wages among state officials last year were paid to the CEO of Parex bank (now Reverta) Christopher Gwilliam and CEO of Citadele Juris Jakobsons, as well as traditional champions – CEO of airBaltic Martin Gauss and head of the Riga Free Port Leonids Loginovs.

Reform Party gets personal income tax decreased

The Reform Party's faction during its meeting with the Prime Minister Valdis Dombrovskis on Wednesday, May 9, obtained decrease in the personal income tax by 5 per cent which is going to be implemented within the next three years.

Riga launches road repair season

The Riga City Council informed it will soon start road surfacing repair works in fourteen streets of Riga.

TOP most popular cars in Latvia for the last decade

The last decade’s most popular cars in Latvia all belong to Volkswagen, the numbers of which increased from 82 000 in 2002 to 116 000 in 2011.

Electric energy consumption in Latvian households dropped last year

Electric energy production reached 6 093 GWh in Latvia last year, which is by 8% less than the year before. 50.5% of this energy was generated from renewable energy sources (HES, wind, biogas, biomass electric stations).

Latvia celebrates Europe Day

Today, May 9, Latvia and other European countries celebrate Europe Day. It dates back to May 9, 1950, when the French Minister of Foreign Affairs Robert Schuman presented his proposal on the creation of an organised Europe.

Economists expect 2.5% growth

The Latvian gross domestic product (GDP) is expected to grow 2.5% this year. It is less than forecast in September 2011, as the eurozone recession is dragging down growth rates, according to the latest review published by the Latvian Commercial Banks Association.

Latvia celebrates Victory over Nazism Day

Today, on May 8, Latvia celebrates Victory over Nazism Day as well as the Day of Remembrance for Victims of World War II. In Europe, and from 1995 in Latvia, this day is celebrated as the day the Second World War ended. However, in Latvia celebration events also take place on May 9 – Victory Day.

Hockey teams slam living conditions in Stockholm

National ice hockey teams, which are living in the Swedish capital of Stockholm during 2012 World Championship have expressed dissatisfaction with the living conditions. The most severe criticism comes from the Russian national team, which shares a hotel with Latvia, Denmark and Italy.

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