In November 2018 Latvian foreign trade turnover amounted to EUR 2.47 billion, which at current prices was 7 % more than in November 2017, of which the exports value of goods was 5.2 % and imports value of goods was 8.6 % higher.

SIA Rīgas satiksme is currently in the process of evaluating the Skanste tram line project. If the audit company does not notice anything suspicious about it, the project will continue as planned, and construction procurement will be organized in spring, says the company’s representative Viktors Zaķis.

Latvian State Revenue Service reminds that 2019 marks the coming into force of multiple regulations in relation to micro-enterprise tax payers as part of previously implemented reforms.

The financing aspects of Rail Baltica project could be changed or influenced by the next European Parliament, which may turn out rather euro-sceptical, says TEN-T network corridor coordinator Katerina Trautmane.

«The amount of money high risk clients annually sent through Latvia is likely measured in hundreds of billions of euros. Even before the ABLV Bank collapse Latvian banks had ended up in international isolation – no one used them for dollar transactions,» Nekā personīga explains Latvia’s financial situation.

Industrial producer prices in Latvia grew 6.9% in November 2018 when compared to the same month of 2017, which is a more rapid pace than the average in the European Union, according to data from Eurostat.

State Regional Development Agency reports that construction procurements and procurements of goods and services organized by state administration institutions will require potential applicants to submit their offers electronically from now on.

Latvian Economy Ministry has submitted to the Cabinet of Ministers Committee a report on solutions for support of electricity producers to allow for the cancellation of the mandatory procurement component from 2022 onward and provide fair support for green energy producers based on market principles.

Most non-banking lending companies in Latvia will have been liquidated by the end of next year or beginning of 2020. This means short-term loans will no longer be available to residents, predicts Alternative Financial Services Association of Latvia.

Although not rapid, growth in the construction sector is expected next year. However, together with that we will also get all unresolved problems, including the shortage of workers and the uncertainty about the organization of big projects, BNN was told by the head of Latvian Partnership of Building Contractors Baiba Fromane.