The number of new businesses registered in Latvia totalled 8,772 in 2023, according to data from enterprise database Lursoft, LETA reports. Meanwhile, the number of businesses liquidated amounted 7,844 in 2023, which was the lowest number since 2015. In the previous seven years, the number of liquidated enterprises exceeded the number of new businesses. Over…
Passenger rail service from Estonia’s second-largest city, Tartu, to the Latvian capital, Riga, could begin in the second half of 2025, according to Estonian passenger rail operator Elron, LETA reports. Latvia’s passenger train operator, Pasazieru Vilciens (Vivi), has proposed opening a rail link from Riga to Tartu in spring 2025. Latvia’s Transport Minister, Kaspars Briskens,…
Latvia will deport at least 1,167 Russian citizens who failed to comply with the immigration law and apply for permanent residence permits, the Office of Citizenship and Migration Affairs (PMLP) told LETA. Of the total, 789 are over 60 years old. Those subject to expulsion will have 30 days to leave Latvia if they fail…
Latvian Foreign Minister Krisjanis Karins asserts that even if Ukraine regains control of all conquered territories, Russia will still remain a military threat to Europe, LETA reports. He argued that Russia’s government was rooted in imperialist ambitions and saw external enemies as a means to distract from domestic issues. Karins highlighted the changing security landscape…
Latvia’s Office of the Prosecutor General has fined the local LPG supplier, Latvijas Propana Gaze (LPG), and its co-owner, Anatolijs Cernihs, for attempted violation of international sanctions, LETA reports. The prosecutor banned LPG from making any transactions with Belarusian companies for one year. The sanctions violation involved iron and steel products. The prosecutor confiscated EUR…
Latvia’s President Edgars Rinkevics and Foreign Minister Krisjanis Karins strongly condemned the indiscriminate terrorist attacks by Palestinian group Hamas against Israeli citizens. They stressed that Israel had the right to defend its people. Latvia stands in solidarity with the people of Israel, Rinkevics stated. Karins insisted that the violence must stop. At the same time,…
Latvia’s Ministry of Finance plans to submit draft laws on the state budget for 2024 and budget plans for 2024-2026 to the parliament, the Saeima, on 3 November 2023, LETA reports. The government will discuss the budget at its next meeting. The new coalition government’s declaration pledges to carry out a “balanced social, environmental, and…
Latvian banks made a total profit of EUR 350.312mn in the first half of 2023, which was up 2.6 times from EUR 132.526mn in the corresponding period of 2022, according to data from the Bank of Latvia, LETA reports. The banking sector’s overall profit for the first six months of 2023 was higher than for…
Latvians will elect one more MEP in the next elections to the European Parliament in June 2024, LETA reports. Currently, Latvia has eight MEPs. The European Parliament approved the European Council’s proposal to increase the number of MEPs from 705 to 720 due to demographic changes.
