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. […]

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. […]

Ramunė Rimgailaitė
Economy

Bank of Latvia: A special day and not only for Lithuania

This is an historic day for Lithuania and all the other Baltic States. Long and hard work on putting the economy right has been rewarded with an official invitation to join the euro zone as of 1 January 2015. Another wall then comes down for the people of the Baltic States, not least when it comes to business relations. This is one aspect that Latvia can’t help but value given its long border of almost 600 km with Lithuania. […]

No Picture
Uncategorized

Organizers threaten to pull high-profile music festival from Latvia following sanctions against Russian performers

Russian composer and organizer of the New Wave music contest, Igor Krutoy, warns will consider moving the annual festival out of Latvia‘s Baltic resort Jurmala. His statement follows a decision by the Latvian government to refuse entry to several Russian pop performers due to their vocal support for Moscow’s policies in Ukraine. […]

Radvilė Morkūnaitė-Mikulėnienė
Foreign affairs

Young conservatives suggest banning pro-Kremlin artists from entering Lithuania

Members of the youth branch of the Homeland Union-Lithuanian Christian Democratic Party (TS-LKD) turned to the state leaders and responsible officials, calling on them to take measures in order to make sure that some Russian performers, who they say spread Moscow’s propaganda, are put on the list of people undesirable in Lithuania. […]