Ratings agency S&P Global (formerly known as Standard and Poor's) gave Latvia a shot in the arm September 22 by revising its outlook for the country to 'positive' from 'stable'.
26.09.2017, Economy
Latvia this year has been a “top reformer” in Organization for Economic Cooperation and Development (OECD), said the secretary general of OECD Angel Gurria on September 15, presenting an overview of the state of the national economy.
15.09.2017, Economy
Latvia’s Parliament, the Saeima, approved Latvia’s 2007 national budget on Monday, November 28, forecasting budget revenues of EUR 8.066 billion and expenditures of EUR 8.367 billion next year.
02.12.2016, Economy, Politics
A new technology that can control a city’s infrastructure is currently being tested in Rīga, and hopefully that will make it possible to turn the Latvian capital city into one of the smartest cities in Europe. This announcement was made by the Latvian telecoms company Lattelecom during the Digital Freedom Festival.
30.11.2016, Start-up, Economy, Business
Last week, Latvia’s Cabinet of Ministers approved the 2017 national draft budget, with revenues forecast at EUR 8.066 billion and expenditures at EUR 8.367 billion. In comparison to last year, revenues are expected to grow by 664 million euros, with spending rising by EUR 681 million.
19.10.2016, Economy
Liepaja the third biggest city in Latvia, located in the south-western side of the country, on the Baltic Sea coast. Liepaja is famed for its incomparable sense of culture and Liepaja is home to some of the local entrepreneurs who are spending their time to create an extra value for clients. Let's have a look on some of the most perspective ones.
Dāvis Paipa, 06.10.2016, Society, Economy, Business
Data compiled by the Central Statistical Bureau (CSB) show that, compared to June 2015, industrial production output increased by 7.9 % in June 2016 (according to calendar adjusted data at constant prices). Production output in manufacturing rose by 8.2 %, in electricity and gas supply by 9.6 %, while in mining and quarrying there was a drop of 3.2 %.
04.08.2016, Economy, Statistics
In the national finals of the Creative Business Cup, where four companies competed against one another to represent Latvia at the world’s leading competition for creative industries, the company Vividly came out on top. Vividly, which offers virtual reality solutions in architecture, will represent Latvia at the Creative Business Cup in Copenhagen this fall.
28.06.2016, Innovation, Start-up, Economy