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Saturday 29.02.2020 | Name days:

Electricity tariffs not to change for 49% of Latvia’s households

After analyzing the data of all households’ consumption in 2010, it was found that the annual electricity consumption is less than 1 200 kWh for 61% of households in Latgale, 51% in Kurzeme, 48% in Zemgale and 46% in Vidzeme; therefore, they will pay for electricity in line with the current electricity tariff.

External trade grows 26.4%

The total external trade turnover at current prices formed 10 507.3 million lats last year – 26.4% or 2 195.3 million lats more than in 2009.

Foundation: LNG projects in Latvia and Lithuania can be mutually compatible

Projects of liquefied natural gas (LNG) reception terminal with a re-gasification plant can break Gazprom’s monopoly in the three Baltic States and Poland, creating a competitive regional market through supply diversification and mutual interconnection.

Debt for consumed heat rises by 40 million lats

This year, the debt for the consumed heat in Latvia has amounted to 61 million lats, of which 16 million lats large debt has formed in Riga.

Activities of Scandinavian banks in Latvia – promising in the long term

The major Scandinavian banks operating in Latvia in terms of assets and loan portfolio volume (61.5% of the total banking market in late 2010) – Swedbank, SEB banka, Nordea Bank and DnB Nord Bank – suffered huge losses during the crisis years due to the issued loans in the fat years.

Regulator: chaotic attempts instead of energy policy implementation

Latvia does not have an energy policy – there are only spontaneous attempts to achieve something. We do not have a targeted, systematic policy, which is necessary if we want to be competitive in the world and adjust to this area, believes the Public Utilities Commission Acting Chairman Ivars Zariņš.

Neste Latvija: fuel excise tax rise to affect all sectors

Fuel excise tax rise will have a direct impact on fuel prices, which in turn will boost costs of other sectors as well, Neste Latvija general manager Arttu Airiainen says. He explains that many ordinary drivers, carriers and food will feel the impact of it.

Milk procurement price spikes 70% in Latvia

Since October 2009, when the milk procurement price started to surge, up to 2011 - it has already spiked 70%. While the climb amounted to 15% last year, Latvian central union of dairy farmers Head Jānis Šolks told the business news portal BNN.

Cheapest commodities bought the most at antique shops

If previously antiquities, paintings and furniture were the most purchased by real estate brokers and others working in this business, now the customers of antique shops are mainly people who have saved up money during the crisis.

Electricity price in Latvia likely to be higher than in UK and France

On Monday, February 14, the Public Utilities Commission is holding a meeting on the submitted new electricity tariff draft by AS Latvenergo. It provides that households with an average monthly consumption over 100 kWh of electricity will have to pay significantly more than in the previous years.

Economist: investments - matter of life and death for Latvia

Investments are of vital importance for Latvia, it is a matter of life and death and it is now the mater of the political policy - how the government plans attracting them, according to SEB banka economist Dainis Gašpuitis.

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