Latvia’s Riga City Council is likely to elect New Unity’s Vilnis Kirsis as the city’s new mayor, LSM reports. Kirsis has served as acting mayor since previous mayor Martins Stakis resigned in early July 2023. The city council is scheduled to vote on the election of a new mayor on 17 August 2023. Kirsis said…
Latvian Prime Minister Krisjanis Karins announced that he intended to resign, LSM reports. He said that he would inform President Edgars Rinkevics about the resignation on 17 August 2023. Karins said that he would not head the next government and called on his New Unity party to nominate a new candidate for prime minister. Earlier,…
Latvian Prime Minister Krisjanis Karins (New Unity) announced his intention to end the current government coalition and form a new one, LSM reports. He said that New Unity’s current coalition partners, the National Alliance and the United List, had rejected his proposals for a ministerial reshuffle and revised policy priorities. Karins said that he would…
Latvia’s foreign trade turnover totalled EUR 21.39bn at current prices in the first half of 2023, which was down EUR 963.9mn (4.3%) from the corresponding period of 2022, according to provisional data from the Central Statistical Bureau, LSM reports. The total value of exports amounted to EUR 9.62bn (down 4.5%) and of imports to EUR…
Latvia’s national air carrier, airBaltic, posted the highest ever revenue and profit in the company’s history in the first half of 2023, LSM reports. The company’s six-month revenue totalled EUR 291mn, which was up 52% from a year earlier. Net profit amounted to EUR 14.6mn, which was up sharply from a net loss of EUR…
Latvia’s ruling New Unity party retained its lead in opinion polls in July 2023, according to the latest SKDS survey, LSM reports. New Unity had the support of 12.6% of respondents, which was up from 11.5% in June 2023. The Union of Greens and Farmers (ZZS) came in second with 8.0% support (7.5%), followed by…
Latvian President Edgars Rinkevics called for a review of existing electricity distribution tariffs, LSM reports. Speaking after a meeting with Prime Minister Krisjanis Karins, Rinkevics said that the behaviour of the market regulator, the Public Utilities Commission (SPRK), was “unacceptable.” He insisted that the increase in electricity tariffs was “disproportionate.” The new tariffs came into…
Latvia’s average level of consumer prices increased by 6.4% in July 2023, compared to the corresponding period in 2022, according to data from the Central Statistical Bureau, LSM reports. Consumer prices were mainly influenced by the rise in food and non-alcoholic beverage prices and of goods and services related to housing, as well as by…
The UK flag carrier, British Airways, will resume flights from Latvia’s Riga International Airport to London Heathrow Airport as of 29 October 2023, LSM reports. The company will have three flights per week on the route. Fredis Bikovs, director of the Riga Investment and Tourism Agency (Live Riga), said that the flights would be important…
