Latvia

Banks still very willing to finance businesses in Latvia

August 9, 2025

Banks are continuing to be very willing to provide business financing, Citadele Leasing CEO Girts Glazers has declared. Mr Glazers is also co-chair of the Lending Committee of the Finance [..]

Opinions

Economist discusses ways of boosting Latvia’s economic growth

May 20, 2025

During the past decade, investments in Latvia have amounted to 22.6% of gross domestic product, but increasing the volume and reducing the price could boost Latvia’s economic growth by at [..]

Latvia

57% of Latvians would invest in real estate

March 30, 2025

More than one-half of people in Latvia (57%) would invest spare money in real estate, Citadele Bank representatives told the LETA News Agency from a survey. Real estate also remains [..]

Latvia

Nearly ½ of Latvians expect no change in their standard of living over next five years: Eurobarometer

March 25, 2025

The winter 2025 Eurobarometer survey shows that nearly one-half of respondents in Latvia expect no change in their personal standard of living over the next five years. 31% responded that [..]

Latvia

Electricity prices soaring in Latvia

March 5, 2025

The average price of electricity in February 2025 increased by 65% against January’s rate to EUR 151.8 per MWh, representatives of the Enefit company have told the LETA news agency. [..]

Latvia

Kazaks re-elected to central bank presidency

February 7, 2025

Latvia’s Parliament, the Saeima, voted today to re-elect Martins Kazaks as president of the Bank of Latvia. Opposition votes were needed to ensure his re-election. Kazaks received 67 votes against [..]

Latvia

25% of Latvians have no plans to save up money

February 2, 2025

Representatives of IPF Digital Latvia, which is a provider of financial services, have told the LETA news agency that according to a survey which the company ran, 25% of people [..]

Interviews

Bank expert: Enough competition in Latvia’s banking sector

January 15, 2025

There is sufficient competition in the banking sector in Latvia, but it would not be proper to claim that it will not expand, LETA was told by the board chairman [..]

Interviews

Jānis Bergs: We’ve put our foot into the door of the United States, and now we must open it more widely

January 8, 2025

Article authored by Viesturs Deksnis. One of Latvia’s largest business delegations visited the United States last autumn, led by Latvian President Edgars Rinkēvičs. A wide range of businesspeople participated, seeking [..]

Latvia

Tax debts in Latvia reach EUR 868 million

November 19, 2024

Tax debt in Latvia at the beginning of November 2024 totalled EUR 858.006 million, which was 0.5% more than in October and 0.5% less than at the beginning of the [..]

Latvia

Latvia raising minimum wage

October 30, 2024

Latvia’s Cabinet of Ministers on Tuesday voted to increase the country’s minimum monthly wage from EUR 700 to EUR 740 as of January 1, 2025. The Latvian Welfare Ministry has [..]

Latvia

Rīga port sees 6.8% drop in cargo turnover

October 10, 2024

The Freeport of Rīga handled 13.141 million tonnes of cargo during the first nine months of 2024, which was 6.8% less than during the same period in 2023, the port [..]

Latvia

56% of Latvians expect hikes in heating costs

October 9, 2024

The Citadele Bank has told the LETA News Agency about a new survey that has been conducted – one which found that 56% of respondents in Latvia expect the cost [..]

Latvia

49% of Latvians want pension of EUR 1,200-2,000

October 9, 2024

The Luminor Bank has told the LETA News Agency that a new survey has found that 49% of respondents in Latvia would like to receive a monthly pension between EUR [..]

Latvia

Latvian welfare minister: Some 15,000 young people not studying or working

October 1, 2024

Latvian Welfare Minister Uldis Augulis (Latvian Alliance of the Green Party and Farmers Union, ZZS) declared in an interview on Latvian Public Television this morning that there are some 15,000 [..]

Latvia

Finance Latvia Association does not support the proposed windfall tax on banks

September 13, 2024

Finance Latvia Association does not support the proposed windfall tax on banks, as the association’s representatives informed LETA. However, while respecting the right of the state to set taxes and [..]

Latvia

Over 60% of Latvians would choose to invest in real estate – poll

May 8, 2024

If they had spare money, 63 percent of people in Latvia would choose to invest it in real estate – a home, land property or forest, shows a Norstat poll [..]

Latvia

Majority of residents have no idea how much one can save for his or her retirement in Latvia

March 20, 2024

The majority of residents of Latvia, or 59 percent, have no idea how much one can save for his or her retirement, according to a survey commissioned by SEB Life [..]

Latvia

Rimsevics case was a major reputational blow for central bank and Latvia – Kazaks

December 21, 2023

The indictment of former President of the Bank of Latvia Ilmars Rimsevics for bribery crimes in 2018 was a serious reputational blow to the Bank of Latvia and the country [..]

Latvia

Latvian household income rose by 9.1% in 2022 – reached EUR 740 per household member monthly

December 13, 2023

In 2022, compared to 2021, household disposable income increased by EUR 62 or 9.1 percent and reached EUR 740 per household member monthly, according to results from a survey conducted [..]

Latvia

Latvian annual inflation drops to 2.1% in October

November 9, 2023

In October 2023 Latvian consumer prices declined 0.4 percent from this past September as the annual inflation rate (October 2023 against October 2022) dropped to 2.1 percent from 3.3 percent [..]

Latvia

Significant hikes of natural resources tax planned as of next year in Latvia

October 10, 2023

As of next year, the rate of natural resources tax will be significantly increased in certain areas, according to draft amendments to the Natural Resources Tax Law approved by the [..]