Categories: Latvia in review

Irish Presidency is committed to finalize approval of the EU budget in the coming weeks

On June 6, Prime Minister Valdis Dombrovskis held a meeting with Prime Minister of Ireland Enda Kenny to discuss the most important issues on the European Union (EU) agenda coordinated by Ireland – the current presiding country of the EU. The Prime Ministers devoted particular attention to current negotiations between the European Parliament, the EC […]

Future Government Meetings to be Broadcast Online

State Chancellery On Tuesday, June 11, live broadcasting of the Cabinet of Ministers’ meetings will be launched, providing the opportunity for every stakeholder in Latvia and across the world to follow the government decision-making process. The first live broadcasting of the government sitting will be launched on Tuesday, June 11, at 11:30, in Vērmanes Garden […]

EC Supports Euro in Latvia; Dombrovskis Thanks Society, Entrepreneurs

Latvian Institute On June 5 the European Commission (EC) published its 2013 Convergence Report on Latvia, concluding that Latvia has achieved a high degree of sustainable economic convergence with the euro area and proposes that the Council decide on Latvia’s adoption of the euro as from 1 January 2014. „The positive assessment of the EC […]

GDP Up 3.6% in Q1

Central Statistical Bureau Data compiled by the Central Statistical Bureau (CSB) show that Gross Domestic Product (GDP) at current prices in the 1st quarter of 2013 was 3.597 billion lats. According to seasonally non-adjusted data, in the 1st quarter of 2013, compared to the 1st quarter of 2012, GDP has grown by 3.6%, but, according […]

Consumer Prices Drop 0.1% in May

Central Bureau of Statistics Latest data compiled by the Central Statistical Bureau of Latvia show that compared to May 20121, the average level of consumer prices in May 2013 has reduced by 0.1%. Prices of both goods and services have diminished by 0.1%. The average level of consumer prices during the last 12 months has […]

Mariss Jansons Receives Siemens Music Prize

Latvian Institute Latvian conductor Mariss Jansons received the Siemens Music Prize on June 4, widely regarded as the Nobel Prize for Music. The Prize celebrates its 40th anniversary this year. The Bavarian Radio Symphony Orchestra led by Jansons played in the ceremony. As reported, the lifetime achievement award also entitles him to a 250 000 […]

Bank of Latvia Issues New 1-Lats Coin

Bank of Latvia On Monday, 10 June, the Bank of Latvia will issue a new 1-lats circulation coin with the kokle featured on the reverse. It is legal tender in the Republic of Latvia. The coins will be circulated in the same way as any other circulation money, reaching commercial and other enterprises as well […]

Fish Eagle Reality Show

A webcam has been installed in a fish eagle nest on a pine tree in the Kurzeme region near Skrunda. Three eaglets have hatched and are now being cared for by their parents. Watch the live feed here: Text: Latvian Institute

Latvian Midsummer on National Geographic

A picture of the Latvian Midsummer featured on the National Geographic’s Travel 365 section.

Two Travellers to Trek 2100 Kilometres along the Historic Amber Road

Latvian Institute Two Austrian travellers, Helmut Kapeller and Walter Kultscher, will be embarking on a 2100km long trail along the historic Amber Road starting in Riga. Their trek will begin on Saturday, June 1, and last approximately three months, en route to Carnuntum, Austria, crossing Latvia, Lithuania, Poland, and Czech Republic on the way. The […]

Cēsis Art Festival Shifts Culture’s Paradigm from Consumption to Investment

Latvian Institute The annual art festival “Cēsis 2013” and its enjoyed success serve as good proof for culture’s ability to shift its paradigm from consumption to investment, Jānis Rozenbergs, vice mayor of Cēsis, told the reporters at a press event today. Latvian Minister of Culture Žaneta Jaunzeme-Grende pointed out that it’s worth investing in culture, […]

cargo ship in Latvia

Latvia Seen as Kazakhstan’s Strategic Partner in Baltic Region

Chancery of the President President Andris Bērziņš started the second day of his official visit to the Kazakh city of Astana today, June 3, meeting with Prime Minister Serik Akhmetov and Parliament Speaker Nurlan Migmatulin. He and the Kazakh head of government also opened the Latvian-Kazakh Business Forum. Both of Kazakhstan’s senior officials confirmed that […]

Retail Trade Turnover up 6,2% in April

Latvian Institute Compared to April 2012, the total retail trade turnover in April of this year increased by 6,2%, according to calendar adjusted data at constant prices, the Central Statistical Bureau reports. The rise in the food commodity group comprised 2,8%, while retail trade in non-food products increased by 8,4%, of which retail sale of […]

Wages and Purchasing Power on the Rise

Central Bureau of Statistics Data compiled by the Central Statistical Bureau of Latvia show that the average wages and salaries in the country are growing for the third year in a row. Compared to the first quarter of the previous year, gross wages and salaries in the 1stquarter of 2013 have increased by 4.2% (from […]

Investors Acknowledge Progress Achieved in Latvia’s Business Environment

State Chancellery On Friday, May 31, during the 17th meeting of the Government of Latvia and the Foreign Investors Council in Latvia investors acknowledged the economic development of Latvia and encouraged further implementation of a progressive policy aimed at improving the investment environment.  Regarding the priorities of the Government for the upcoming year the Latvian […]

Latvia Invited to Start Negotiations on Accession to OECD

Latvian Institute On May 30, the meeting of the Council at Ministerial Level of the Organisation for Economic Co-operation and Development (OECD) authorised the organisation’s Secretary-General to launch accession negotiations with Latvia, Ministry of Foreign Affairs reports. Foreign Minister Edgars Rinkēvičs expresses satisfaction with the decision and accentuates that starting negotiations on the accession to […]

Municipal Election Results in Latvia

Latvian Institute On June 1 the regular local elections took place in Latvia in 119 constituencies, the borders of which correspond to the borders of nine cities and 110 counties. According to the preliminary results by the Latvian Central Election Commission, in Rīga, Latvia’s capital, the Harmony Centre party collected 58,54% of votes. It is […]

Gumball 3000 @ Rīga, Latvia

Take a look at the exotic cars and their accompanying celebrities that roared into Rīga, as the Gumball 3000 race passed through last week.

Hotel Activity in Latvia Up 5,9% in Q1

Central Bureau of Statistics The number of visitors in hotels and other accommodation establishments in the first quarter of 2013 comprised 301 300 people – 5,9% more than in the first quarter of 2012. Of the hotel visitors 34,3% were residents of Latvia and 65,7% – foreign tourists. The number of foreign visitors grew by […]

cargo ship in Latvia

Rinkēvičs Calls for Closer EU Involvement in Central Asia

Ministry of Foreign Affairs On May 24-25 in Tallinn, Foreign Minister Edgars Rinkēvičs took part in the annual Lennart Meri Conference entitled “The North-South Split – Managing a New World Order”. Foreign Minister Rinkēvičs made a presentation at the session, “Central Asia: Growing Strategic Importance?” In his address, the minister pointed out that the Central […]

Prime Ministers of Baltic Countries to Meet in Latvia

State Chancellery On Thursday, May 30, the Prime Ministers of Latvia, Lithuania, and Estonia will meet for an informal working session of the Baltic Council of Ministers. At the meeting, the Prime Ministers plan to discuss current regional issues, including the common transport and energy projects and the upcoming presidency of Latvia and Lithuania of […]

Progress on Improving Business Environment to Be Assessed

State Chancellery On Friday, May 31, the 17th meeting of the government and the Foreign Investors’ Council in Latvia (FICIL) will be held, during which the progress on improving business environment and attracting investment will be analysed. The participants of the meeting will also discuss the future challenges, progress made in the judicial system, energy, […]

Clean getaway

“It’s often a mistake to revisit a place you fall in love with, but Jūrmala didn’t let me down. The beach, the woods, the wooden villas – everything was just as magical as I’d remembered.”  

The Proposal

“Surrounded by snow, it was most unusual proposal and yet it was perfect, it couldn’t have been more romantic or more suited to my taste,” Fiona Heavey on getting proposed to in Latvia.

cargo ship in Latvia

Belgian Foreign Minister: Latvia on the Right Tracks to Become Eurozone Member

Ministry of Foreign Affairs On May 10, Foreign Minister Edgars Rinkēvičs hosted the Deputy Prime Minister and Minister of Foreign Affairs, Foreign Trade and European Affairs of Belgium, Didier Reynders, for a bilateral visit. During the conversation with Didier Reynders, Latvian Foreign Minister expressed satisfaction about the close political dialogue between both countries and the […]

Latvia’s GDP Grows 3,1% in Q1

Latvian Institute Latvia’s gross domestic product (GDP) value has increased by 3,1% in the first three months of 2013, compared to the first quarter of 2012, according to a flash estimate of seasonally unadjusted data by the Central Statistical Bureau. The GDP was impacted by increases in retail trade – of 6%, in construction – […]

IMF Expects 4% Growth for Latvian Economy in 2013

Latvian Institute Latvia’s strong economic recovery continues, and the economy is expected to grow in a balanced way at around 4% this year, the International Monetary Fund (IMF) said in its concluding comments of the Staff Visit to Latvia, May 7–13. “Inflation and the current account deficit are low and projected to remain so in […]

Dombrovskis: Baltic Sea Region Countries Should Speak with One Voice

State Chancellery On Tuesday, May 7, during the meeting Prime Minister Valdis Dombrovskis and Prime Minister of Schleswig-Holstein State Torsten Albig agreed that the Baltic Sea States should develop closer coordination of the issues which are important for the whole region and speak with one voice with their partners in the European Union (EU) and […]

Saeima Adopts Provisions on Recognition of Dual Citizenship On Thursday, May 9, the Saeima in the final reading adopted amendments to the Citizenship Law that recognise dual citizenship, set forth the procedure for granting citizenship to children born in Latvia to non-citizens and to children born abroad to Latvian citizens, as well as introduce changes in the naturalisation procedure. The amendments to […]