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Friday 06.12.2019 | Name days: Niklāvs, Niks, Nikolajs

Manufacturing industry output in Latvia increases 3.1% in September

Compared to September 2018, industrial production output grew by 7.3 % in September 2019, according to calendar adjusted data at constant prices.

Estonian industrial production decreases, electricity down by 43%

In Estonia, the production volume of industrial companies has dropped by five percent on year, according to official statistics.

Retail trade turnover in Latvia reduces 0.4%

Compared to September 2018, total retail trade turnover fell by 0.4 % in September 2019. Turnover of retail trade in food products grew by 0.8 %. Turnover of retail trade in non-food products (except for retail sale of automotive fuel) decreased by 1.4 %, but of automotive fuel – by 0.2 %.

Flash estimate: Latvia’s GDP increases 2.8% in third quarter of 2019

Compared to Q3 2018, the gross domestic product value increased by 2.8 %in Q3 2019 based on seasonally and calendar non-adjusted data.

Unexpectedly, Riga City Council refuses to provide funding to Rīgas satiksme

On Monday, 28 October, Riga City Council’s Finance and Administration Affairs Committee supported amendments to the 2019 budget. At the same time, for the first time in years members of the committee approved no plans for additional funding allocation to public transport company SIA Rīgas satiksme.

Gas: Denmark allows its Baltic Pipe, decision pending on Russian Nord Stream 2

Denmark has allowed the construction of the Norway-Denmark-Poland gas pipeline via its territorial waters, while it remains the only country that has not decided to allow the works of the Nord Stream 2, the Russian gas pipeline in the Baltic Sea.

Software fraud reported in multiple Latvian state institutions

Fraud with suspicious software procurements may have taken place at Latvia’s Interior Affairs Ministry, as reported by TV3 programme Nekā personīga.

EU pauses its Brexit delay decision until UK decides on early election

Last week, many professions expressed their readiness to go on strike. Latvian doctors, dissatisfied with what the state has earmarked in the national budget to health care, announced a strike, when all medical staff, except ambulance workers, are called not to go to work.

Latvian real estate cadastre values frozen for two more years

The Latvian Saeima has passed amendments to the Law on Real Estate Cadastre, which set forth extending the introduction of the new base of cadastre values from 2020 to 2022.

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