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Sunday 25.02.2018 | Name days: Alma, Annemarija

Unemployment rate in May - 13.2%

In late May, registered unemployment rate in Latvia dropped to 13.2% of all the economically active population. If comparing to April, 2011, the unemployment has dropped 0.7%.

Latvia residents in Ukrainian money laundering schema

Ukrainian law enforcement authorities have identified a grouping, which had been laundering money via impressive public orders. Moreover, members of it are citizens of Latvia.

Latvia to invest 90 million lats for airBaltic to exist

If the state goes on with its shares in the Latvian national airline airBaltic, it should invest 90 million lats immediately for the company to exist, according to TV channel TV3 broadcast Nekā personīga referring to Transport Minister Uldis Augulis’s report on the situation in the airline submitted to the government.

airBaltic: Economy Minister must resign

Economy Minister Artis Kampars should step down after his assumptions on airBaltic insolvency, according to the Latvian national airline, adding that Latvia is the majority shareholder at the airline.

New President of Latvia could work for free

The new elected President Andris Berzins pledges to come up with a significant announcement on the first day of his presidential term. One of the most likely versions rumoured is that he could give up the salary and work for free.

Director of anti-corruption bureau may be dismissed soon

Normunds Vilnitis, director of the Corruption Prevention and Combating Bureau, days in the post are most likely numbered, as the General Prosecutor's Office has launched criminal proceedings against allegedly unlawful use of the CPCB funds.

Economists: growth likely to accelerate in next quarter

Although in the Q1 of 2011, the gross domestic product growth was mainly fueled by exporting or export-related industries, Latvia’s GDP rise lags behind Lithuania (3.5%) and Estonia (2.4%). However, the economic growth is likely to accelerate in the next quarter, economists concede.

Latvian GDP expands 3.5%

If comparing with the first quarter of 2010, the Gross Domestic Product grew 3.5% in the first quarter of 2011, according to the seasonally non-adjusted data, the Central Statistical Bureau informs.

Only 8% of population supported Berzins candidature

Shortly before the presidential elections, only 8% of the economically-active residents of Latvia, aged 18 to 55 years, approved of the possible election of Andris Berzins.

Economists: oil and crop prices still flare up inflation

Global price fluctuations and tax increases triggered price gains in Latvia, however, oil and crop price still rank among the key factors boosting energy products and food prices either directly or indirectly, economists say.

Latvia population to drop 25.6% by 2060

The number of Latvia’s residents will be down 12.7% by 2035, forming a 25.6% decrease by 2060, based on 2010 estimates with 2.248 million people living in Latvia.