Daily magazine about Latvia www.latviannews.lv
Fortune knocks at every man`s door once in a life, but in a good many cases the man is in a neighbouring saloon and does not hear her.
Mark Twain
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1722

Transit association considers halting expensive railway electrification project

After the government’s decision to go through with railway electrification, which is one of the most expensive projects in Latvia’s history, President of Baltic Association – Transport and Logistics Inga Antāne considers turning to the Central Finance and Contracting Agency to halt this half a billion euros worth project at least until the government can secure full transparency and provide strategic solutions to halt cargo decline.
1744

Riga Black Balsam enters the market in US

Riga Black Balsam brand has begun exploring the market in the United States of America. Exploration of the market commenced with New York, followed up by a presentation of Riga Black Balsam in Texas, Florida, San Francisco and Illinois in 2018, as reported by the company’s representatives.
1723

Special information system for investors to be formed in Latvia

To help promote Latvia’s competitiveness in foreign markets and attract more direct foreign and local investments and increase the level of awareness of local and foreign investors, Latvia’s Cabinet of Ministers approved the formation of a new Export and Investment Information System.
1724

Riga International Airport’s turnover reaches 40.5 million euros in 2017

Net turnover of Riga International Airport reached EUR 40.5 million in nine months of 2017, according to data from the airport’s unaudited account for the nine-month period of 2017.
1728

Contributions to third level pension fund plans reaches new record high peak

Residents’ interest for pension savings continues increasing – the size of contributions made to different private pension plans in nine months of 2017 reached a new historic peak, according to a report from the Finance and Capital Market Commission.
1694

Industrial production output up 5.4% in Latvia in October

Compared to October 2016, industrial production output increased by 5.4 % in October 2017. Production output rise was recorded in manufacturing (of 5.9 %), mining and quarrying (10.7 %) and electricity and gas supply (3 %).
1752

Cargo and passenger traffic increased in Latvia in nine months of 2017

Compared to the nine months of 2016, the volume of freights carried by land and pipelines had increased by 2.3 million tonnes or 2.7 % and freight turnover by 3 % in the nine months of 2017.
1721

Endziņš: consideration of MPC 2 is pure madness

Considering that electricity costs in Latvia are higher than they are in neighbouring states, thinking of Mandatory Procurement Component 2 is pure madness, said chairman of Latvian Chamber of Commerce and Industry Jānis Endziņš in an interview to Rīta panorama programme of LTV.
1730

Eurostat: Latvia unemployment level was eighth highest in EU in October

In October 2017, Latvia’s unemployment level was 8.2%, which was the eighth highest among EU member states for which data is available, according to data from Eurostat.
1773

Latvia’s high-grade alcoholic beverages market declines every year

According to data from Estonian alcohol industry, more than 2.1 million litres of high-grade alcoholic beverages were sold at stores located in border regions in the first nine months of 2017. Thereby Latvia’s high-grade alcoholic beverages market has declined 1.5% in the first nine months of the year.
Photo
Celebrations the 25th anniversary of the fall of the Berlin Wall
Entertaiment & Arts

Producer: many young people come to work in the film industry

Latvia’s film industry has been steadily growing these past several years, and it is especially gratifying that many young people are coming to work in the industry, says director and producer, representative of Film Angels Productions Jānis Kalējs.