Latvia plans to build a new factory producing modular powder charges for artillery ammunition in Iecava parish, LETA reports. The factory will have a production capacity of 50,000 charges annually. The plant is expected to begin operations in 2026. The project will cost an estimated EUR 12mn, with EUR 1mn to come from EU co-financing…
Latvia’s ruling coalition will soon need to discuss “painful decisions” on taxes, Prime Minister Evika Silina stated, LETA reports. Speaking in an interview with TV3, Silina said that simplifying taxation was an important priority. The Ministry of Finance has developed potential proposals for changes on real estate tax, labour costs, corporate income tax, VAT, small…
Latvia’s State Audit Office (LRVK) has criticised the Ministry of Education and Science for ineffective policies in attracting and retaining teachers, LETA reports. A significant portion of new teachers leave within five years due to systemic issues, including constant changes, insufficient teaching materials, poor remuneration, and uncertainty about reforms. The audit notes that the ministry’s…
The planned synchronisation of the Baltic electricity grids with Western Europe in February 2025 will slightly increase electricity prices for consumers, according to Lithuanian Energy Minister Dainius Kreivys, BNS reports. The impact on prices will be minimal, around a few percent, he said. Lithuanian power grid operator Litgrid estimates that the synchronisation will cost consumers…
Latvia’s Ministry of Economy and Ministry of Welfare have proposed reducing the amount that employers pay for sick leave, LSM reports. Under the proposal, the first day of sick leave would remain unpaid, while days 2-3 would be compensated at 60% of the salary and days 4-8 at 70%. From the 9th day onwards, the…
The Latvian government has appointed Brigadier General Georgs Kerlins as the new Chief of the Joint Staff of the Latvian National Armed Forces (NBS), LETA reports. Kerlins will take up the post on 1 August 2024, replacing Major General Andis Dilans. Kerlins has served in the NBS since 1992, currently as Latvia’s military representative at…
Unemployment in the Baltic States was highest in Lithuania in May 2024, according to Eurostat data, LETA reports. The unemployment rate stood at 7.7% in Lithuania, 7.4% in Estonia, and 6.7% in Latvia. The EU average was 6%.
Latvia’s gross energy consumption totalled 185 PJ in 2023, which was 1 % less than in 2022, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Final energy consumption totalled 170 PJ, which was 0.9 % less than in 2022. Transport used 52 PJ (30.6%) of energy, followed by households with 45 PJ…
Most drivers in Latvia routinely exceed the speed limit, creating what Transport Minister Kaspars Briskens calls a “speed pandemic,” BNS reports. A study by Riga Technical University reveals that only 29% of drivers adhere to speed limits. Reducing the average speed by 2 kmph could save 20 lives. Briskens said he would push for increasing…