The Presidium of the Baltic Assembly has demanded “immediate efforts in Europe” to ensure total victory for Ukraine in the war against Russia, LSM reported. In their statement, the Baltic parliamentarians insisted that support for Ukraine must be “continuous, sufficient, timely, and far-sighted.” They warned other European parliaments not to underestimate the long-term impact on…
The number of unemployed people in Latvia totalled 63,100 at the end of 2023, which was 700 more than in the same period of 2022, according to the Central Statistical Bureau’s (CSP) estimate, LSM reports. The country’s actual unemployment rate stood at 6.6%, which was unchanged from a year earlier. The number of unemployed men…
Latvia’s Office of Citizenship and Migration Affairs (PMLP) has identified 985 Russian citizens who did not comply with the law on immigration and may therefore have to leave the country, LETA reports. The persons have two weeks to respond to notifications urging them to legalise their status. Some of the persons may already have left…
Hong Kong-based investment firm PAG Private Equity will acquire full control of Latvia’s Food Union Group, which produces ice cream and other frozen foods, LSM reports. PAG expects to complete the transaction in the first quarter of 2024. Food Union will continue under present management and business structure. PAG has been an investor in Food…
The Latvian government, which took office in September 2023, has approved a plan of action, LSM reports. The plan foresees 269 specific measures in line with the government declaration. The action plan is divided into three main priorities: “Prosperous Latvia,” “Safe Latvia,” and “Latvian and inclusive Latvia.” All state institutions must submit reports on the…
Satisfaction with life in the Baltic States was lowest in Latvia in 2022, according to Eurostat data, LSM reported. Residents in Latvia rated their overall life satisfaction at just 6.8 out of 10 points in 2022, which was up from 6.7 in 2021. The indicator stood at 7.1 (7.0) points in Lithuania and 7.2 (7.2)…
Food prices in Latvia will grow by less than 4% in 2024, Ieva Opmane, economist at the Bank of Latvia, forecast, LSM reports. The price hike will be higher than average inflation but much less than in 2023 and 2022, she said. The rise in food prices will depend on consumer income, energy prices, harvests,…
The Latvian parliament, the Saeima, has approved the seizure of the so-called Moscow House in central Riga, LSM reports. The state is likely to auction the property. The building used to serve as a Russian cultural centre owned by the Moscow city government. Latvia’s State Security Service (VDD) reported that the building was used to…
Latvia and Lithuania were among the largest exporters of beer to Russia in 2023, LRT reported, citing Russian news agency RIA Novosti. According to the report, the value of Lithuania’s beer exports to Russia amounted to USD 36.5mn in 2023, which was up by 1.9 times from 2022, accounting for just over 15% of Russia’s…
