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Sunday 23.02.2020 | Name days: Haralds, Almants

Fuel prices in Latvia increase 6.1% starting with 2020

Following the increase of excise tax starting with 1 January 2020, fuel prices in Latvia have increased in amplitude from 1.7% to 6.1%, according to observations by LETA.

Study: 62.1% of businesses are negative about road state and transport quality

62.1% of businesses consider the quality of local and international transport and the state of roads in Latvia poor or very poor, according to Turība University’s Business Index.

Rīgas satiksme receives new board; both Jakriks and Epalte-Drulle approved

Following documents submitted by the selection committee, the council of Riga municipality’s public transport company Rīgas satiksme has approved a new management board, the company affirms.

Estonia raises minimum wage by 44 euros

Minimum wage in Estonia has from the beginning of the year 2020 been increased by 44 euros from 540 to 584 euros before taxes.

Latvia is doing everything to avoid getting grey-listed, says Kazāks

Latvia is doing all it can to avoid a possible negative scenario, when Financial Action Task Force may include Latvia on a list of countries found to have strategic problems with money laundering and terrorism financing prevention, otherwise known as the grey list, LETA was told by Bank of Latvia governor Mārtiņš Kazāks.

Lithuania to consider dropping smallest- value euro coins

To take one and two-cent coins from circulation, such is the idea the Bank of Lithuania will start a discussion on. Retailers, however, see risks in consumer mood over rounding sums up.

Latvian state-owned company Ventas osta officially registered

On Friday, 27 December, state-owned company Ventas osta was officially registered by the Enterprise Register of the Republic of Latvia, according to information from Firmas.lv.

Bank analysts: unemployment decline might stop in Latvia next year

The unemployment level decline in Latvia will become slower or even stop next year, according to bank analysts. Swedbank senior economist Agnese Buceniece says under slower economic growth demand for labourers will gradually calm down. The first signals for this came up from business surveys.

As excise tax goes up, prices of alcoholic drinks may grow by three euro per litre in Latvia

If Latvia increases excise tax for alcohol in March next year, it is expected the prices for alcohol may increase considerably – as far as three euros per litre, according to Latvian Alcohol Industry Association.

Progress made in Estonian-Latvian joint project for renewable energy

Estonian government has made a decision to review issue of a construction permit to create a wind turbine park in the Gulf of Riga, which would allow Estonia and Latvia to implement a joint renewable energy project, as reported by Eesti Energia representative Oskars Kupše.

Italian glacier pollution prompts resort to go plastic-free

In Italian Alps, a ski resort is endeavouring to become the first in Europe to ban plastic after scientists discovered that a nearby glacier contained a significant amount of microplastics.

Kariņš: Ventas osta to ensure professional and depoliticized port management

Ventas osta, the state company created to perform the functions of Ventspils port, will provide a professional and depoliticized management of the port, says Latvia’s Prime Minister Krišjānis Kariņš.

Alcohol and tobacco products to become more expensive in Latvia next year

In accordance with the Law on Excise Tax, with 1 January 2020 onward, excise tax on tax products and tobacco products will increase, reminds State Revenue Service.

Freeport authority: Ventspils port has returned to operating normally

With the US Department of Treasury Office for Foreign Asset Control lifting sanctions against Ventspils Freeport and Ventspils Freeport authority, the port has returned to operating normally, as announced by Ventspils Freeport authority public relations head Inga Ieviņa.

Transport Ministry’s representative appointed as Ventspils Freeport board’s chairperson

Inguna Strautmane, a representative of Latvia’s Transport Ministry, has been appointed as Ventspils Freeport board chairperson. Finance Ministry’s representative Ģirts Valdis Kristovskis has been appointed as the freeport board’s vice-chairman.

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