Riga
Uncategorized

Latvia’s annual GDP growth at 2.5 percent

Latvia‘s annual GDP growth slowed to 2.5% in the second quarter of 2014 from 2.8% in the previous quarter, according to the flash estimate by the Central Statistical Bureau (CSBL). At the same time, seasonally adjusted quarterly growth picked up to 1% (0.6% in the first quarter). […]

No Picture
Uncategorized

What Latvian farmers should do with the spare milk?

Due to Russia‘s ban on import of food products, there is now overproduction of dairy products, while procurement prices for milk are falling and many Lithuanian dairy companies have terminated their contracts with Latvian dairy farms, therefore the state should provide support for not only specific companies, but also for dairy farms, experts told the business portal Nozare.lv. […]

Valdas Adamkus in 2008
Uncategorized

Lithuanian President Adamkus predicted Crimea’s annexation six years ago

In August six years ago, as everyone’s eyes were on Beijing Summer Olympics, Russia invaded Georgia. Military actions between the two countries were short, but they have gained more significance since then as many now see the conflict as dress rehearsal for Russia’s annexation of Crimea. […]

No Picture
Uncategorized

Latvian Welfare Ministry proposes new minimum income level

The Latvian Welfare Ministry proposes to not only set a new minimum monthly income level, but also to alter the minimum pension and non-taxable minimum income, informs LETA. […]

No Picture
Uncategorized

Latvia’s fish canneries and dairy producers most vulnerable to Russian sanctions

Latvian fish canneries and dairy companies are likely to suffer most due to Russia‘s import ban, the head of the Centre for Promotion of Agricultural Markets, informs LETA. […]