The unadjusted gender pay gap in the Baltic States was highest in Estonia in 2022, according to Eurostat data, LSM reported. In Estonia, women’s average gross hourly wage was 21.3% lower than that of men in 2022, which was up from 20.5% in 2021. The gender pay gap stood at 17.1% (14.6%) in Latvia and…
Latvia’s state-owned Riga International Airport (RIX) made a profit of EUR 1.6mn in 2023, which was up 4.6 times from a year earlier, LSM reported. The company’s net turnover rose by around 25% to EUR 72.5mn. Revenues from aviation services amounted to EUR 36.7mn (up 18%) and from non-aviation services to EUR 21.2mn (up 38%)….
Around 2,000 farmers protested across Latvia against the government’s agriculture policies on 5 February 2024, according to the Farmers’ Parliament (ZSA), LSM reported. Police said that the protests passed peacefully with no significant incidents, LETA reported. Farmers staged rallies with agricultural machinery in altogether 16 cities, calling for a ban on imports of Russian and…
Estonia ranks third on Estonian non-profit organisation e-Governance Academy’s updated National Cyber Security Index (NCSI), LSM reports. Estonia ranks third out of 31 countries on the index, with 85.83 points. Latvia is fifth with 79.17 points. Lithuania’s data is not included in the updated index. Estonia scored 80.02 points and Latvia 71.88 points in terms…
Latvia’s industrial production declined by 4.5% in 2023 compared to 2022, according to the Central Statistical Bureau (CSP), LSM reported. Output in manufacturing decreased by 4.5%, in electricity and gas supply by 0.8%, and in mining by 19% over a year. The drop in manufacturing output was the largest annual decline since 2009. Martins Abolins, economist…
Latvian farmers will begin holding protests across the country on 5 February 2024, the Farmers’ Parliament (ZSA) announced, LSM reports. ZSA chairman Juris Lazdins said that the composition of the current government was “particularly distinguished by its arrogance and indifference.” The organisation has submitted its demands to Prime Minister Evika Silina and Agriculture Minister Armands…
The speakers of the parliaments of the three Baltic States visited Canada and the US to discuss regional security issues and cooperation, BNS reported. They met with with the speaker of Canada’s House of Commons, Greg Fergus, and members of the Canada-Nordic-Baltic Parliamentary Friendship Group. In the US, the Baltic speakers met with the speaker…
Latvia’s tax revenue totalled EUR 13.414bn in 2023, which was EUR 1.188bn (9.7%) less than in 2022, according to the Finance Ministry, LETA reports. Annual tax revenue was 2.7% more than the EUR 13.058bn planned. General government tax revenue reached 2.9% above target at EUR 12.639bn, including EUR 10.514bn of state budget revenue (2.3%) and…
Latvian financial institutions, including banks, generated total profits of EUR 573.5mn in 2023, which was up 75% from EUR 326.3mn in 2022, according to data from the Bank of Latvia, LETA reports. The total assets of monetary financial institutions amounted to EUR 27.874bn at the end of 2023, which was up 3% from EUR 27.056bn…