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Wednesday 08.04.2020 | Name days: Dana, Dans, Danute, Edgars

Inflation in Republic of Latvia reportedly at 1.4% in March

Compared to March 2019, the average level of consumer prices rose by 1.4 % in March 2020. Prices of goods have increased by 0.9 % and prices of services by 2.7 %.

Lithuania’s BC chief: «Latvia’s COVID-19 support for business has been swifter»

It is official: Lithuania is extending lockdown until April 27 to combat the coronavirus pandemic which death toll in the country stood at 15 as of Wednesday noon. As many as 912 persons were diagnosed with COVID-19 by then.

Riga International Airport plans to lay off 500 employees

Because of consequences caused by COVID-19, Riga International Airport plans to lay off 500 employees, as BNN was informed by the company.

Kilometre-long freight train from China to pass through Latvia this week

This week a freight train pulling 100 containers forming a kilometre-long chain will pass through Latvia on its way from China to Kaliningrad Oblast, as BNN was told by Latvian Railway.

Design work commences across the entire Rail Baltica route in Latvia

Rail Baltica project management joint company RB Rail has signed two contracts on behalf of Latvia’s Transport Ministry for design and design supervision services on the remaining sections of Rail Baltica route in Latvia, as BNN was informed by the company.

Budget revenue in Latvia approximately 7% behind plan in March

With the spread of COVID-19 crisis in March Latvia’s state budget revenue has dropped 7.2% behind the plan, according to unofficial information from LETA.

Large mine closes in Estonia after one of 800 miners tested positive for COVID-19

In Estonia, it has been decided to close one of two large oil shale mines after one miner tested positive for COVID-19, Estonian public broadcaster ERR reports.

Shuttle buses and express buses on hold in Riga

LLC Rīgas mikroautobusu satiksme has decided to shut down shuttle bus services on all routes in Riga until the state of emergency in Latvia is over, as confirmed by RMS.

Belarus introduces ban on buckwheat exports

Belarusian government has prohibited temporarily the export of buckwheat and other staple foods, state news agency BelTA reported.

Agricultural product price level up 1.5% in Latvia last year

Compared to 2018, price index of agricultural output increased by 1.5 % in 2019, which was mainly due to the 5 % rise in prices of livestock products. Price index of crop products grew by 0.9 %.

Labour costs in Latvia considerably below EU and Eurozone average in 2019

Average hourly labour costs in Latvia were EUR 9.9 last year, which is considerably below the average of European Union (EU) and Eurozone, according to data published by Eurostat on Tuesday, 31 March.

Electricity price drops to the lowest level of the past seven years

This year there has been a rapid decline of electricity wholesale price in Latvia. Nord Pool price in Latvia’s area reached its historically lowest point in March, according to market data of the Public Utilities Commission.

Fuel sales in Estonia down by 30% to 50%

Petrol stations in Estonia have during the outbreak of COVID-19 and emergency restrictions observed a significant fall in the sales of fuel, Estonian public broadcaster ERR reports.

Round timber price decline observed in Latvia in first half-year of 2019

Compared to the 1st half of 2019, the average purchase prices both of coniferous round timber and of deciduous trees fell in the 2nd half of 2019. The largest drop was recorded in the prices of black alder sawlogs in diameter 18–24 cm, while the smallest decline was observed in the prices of asp sawlogs in diameter 18–24 cm.


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