Producer prices in Latvia’s industry rose by 0.4% in June 2023, compared to June 2022, according to data from the Central Statistical Bureau, LSM reports. Prices of products sold on the domestic market rose by 3.8%, while prices of exported products dropped by 3.6%. Compared to May 2023, producer prices in Latvian industry declined by…
Latvian capital Riga’s acting mayor, Vilnis Kirsis (New Unity), has invited all political groups in the current ruling coalition in the Riga City Council for talks to form a new coalition on 25 July 2023, LETA reports. Kirsis suggested that the talks could be held either with each political group individually or with all groups…
The Latvian Food Retailers Association (LPTA) has asked Agriculture Minister Didzis Smits to provide proof for his claim of 300% markups on food prices in stores, Baltic News Network reports. If the minister cannot provide such proof, LPTA will ask him to retract his statement. Earlier, Smits claimed that food retailers had applied 300% markups…
Latvia will soon have several new ambassadors, LSM reports. Latvia’s former long-term ambassador to Russia, Maris Riekstins, will become Latvia’s new permanent representative to NATO. Riekstins served in the same post in 2011-2025 as well. Meanwhile, Sanita Pavluta-Deslandes will replace Andrejs Pildegovics as Latvia’s ambassador to the United Nations. Also, Solveiga Silkalna, former adviser to…
Part of a wall of the wastewater treatment plant in the Latvian port city of Liepaja collapsed on 23 July 2023, Baltic News Network reports. The State Environmental Service (VVD) said that around 1,250 m3 of untreated sewage leaked into the environment as a result of the accident, LSM reported. Municipal authorities urged residents to…
Latvia’s Foreign Ministry has repeated its strong recommendation for Latvian citizens not to travel to Belarus and Russia due to the current tense security situation, LSM reports. The ministry warned that travellers may be subjected to provocations. Diana Eglite, press secretary at the Foreign Ministry, urged people to assess risks. In June 2022, a Latvian…
The international credit rating agency, Fitch Ratings, has reaffirmed Lithuanian shopping centre developer Akropolis Group’s long-term borrowing rating at BB+ with a stable outlook, GlobeNewswire reports. The agency noted Akropolis Group’s good financial and operational performance, leading market position, and low vacancy rate. Nerijus Maknevicius, CEO and board chairman of Akropolis Group, said that the…
The Principality of Monaco may establish a permanent office in the Latvian capital, Riga, The Baltic Times reports. Andris Kuznieks, deputy head of the European Commission’s representation in Latvia, offered premises for regular cultural activities to showcase Monaco. The issue was discussed during a visit to Latvia by Professor Franco Borruto, consultant on health care…
The movements of the Russian private military company, Wagner Group, in Belarus do not present any direct threat to Latvia, the Ministry of Defence stated, LETA reports. The ministry noted that Latvia’s national security authorities have been on high alert ever since Russia started its full invasion of Ukraine. Meanwhile, Latvian President Edgars Rinkevics said…