Category
Economy
Sobyanin Warns Total War Economy Would Destroy Russia
Moscow Mayor Sergei Sobyanin has publicly opposed plans to fully convert Russia's economy to a military footing, saying a functioning civilian economy is essential for incomes and the state budget.
Latvijas Avīze · 3 h ago
Balticovo opens employee apartment building worth over €2 million
AS Balticovo has opened a residential building worth more than €2 million, providing homes for around 120 employees and their families. The building was created by reconstructing an unfinished Soviet-era structure.
Dienas Bizness · 4 h ago
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EU Receives Another €1.4 Billion From Frozen Russian Central Bank Assets
The European Union has received an additional €1.4 billion in income from frozen Russian central bank assets held within EU jurisdiction.
TVNET · 6 h ago
Latvian media: Saeima must urgently amend procurement rules to prevent cheap imports dominating public catering
The Saeima must urgently adopt amendments to the Food Circulation Supervision Law to restore national quality schemes in public food procurement and prevent cheap imports from dominating school and institutional catering.
Dienas Bizness · 8 h ago
Fuel prices in Latvia fall by 3.5% on average in a month — CSP
In July 2026, the average consumer price level for fuel in Latvia decreased by 3.5% compared with June, according to the Central Statistical Bureau.
LSM (rus) · 8 h ago
US returns $100bn in tariffs after court ruling
The US Trump administration has refunded about $100bn of tariffs ruled illegal by the Supreme Court, amounting to 60% of the total collected. A coalition of 25 states is now challenging a new tariff round as an unlawful attempt to restore the struck-down import taxes.
The Guardian World · 9 h ago
Saudi-led investor group completes $55bn purchase of Electronic Arts
Electronic Arts, the maker of The Sims and EA Sports FC, has been taken private in a $55bn deal led by Saudi Arabia's sovereign wealth fund, ending its 36-year run as a public company.
The Guardian World · 12 h ago
Estonian investor group becomes owner of Domina Shopping
An Estonian-based investor group has acquired 100% of SIA “EfTEN Domina” from AS “EfTEN Kinnisvarafond II”, the company behind Riga’s Domina Shopping centre. The deal value has not been disclosed, and management will remain with EfTEN Capital’s Latvian subsidiary.
BNN · 13 h ago
Construction overtime pay changes in August: 50% premium and questions about productivity
From August, the overtime supplement in construction will be 50% of the contracted wage, and the article asks whether overtime actually reflects higher productivity.
Dienas Bizness · 13 h ago
Latvia sees 6.8% rise in new business registrations over seven months
New company registrations in Latvia increased 6.8% in the first seven months of the year, though July registrations slipped 1.7% year-on-year to 908. The combined share capital of July's new firms reached €45.54 million, boosted mainly by one credit company spin-off.
Dienas Bizness · 14 h ago
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State enterprise stock listings: a divisive issue ahead of elections
Although pre-election rhetoric has quietened this summer, the question of listing state-owned companies on the stock exchange may regain momentum. Some see it as squandering Latvia's assets, while others view it as an untapped chance to create extra financial opportunities for the economy and citizens.
TVNET · 15 h ago
'I dug my own grave': Workers caught in AI transition in Philippines
Workers in the Philippines' outsourcing industry say they helped train AI systems that later replaced them, as the sector comes under growing pressure to automate.
BBC World · 15 h ago
Construction sector agreement: a step toward fairer competition, but compromises remain
The construction industry's general agreement sets a minimum monthly wage of €1,050 and an hourly rate of €6.29. A sector representative says the deal's main value lies in equal competition, but customers must also accept that quality construction cannot rely on the lowest price alone.
Žurnāls Ir · 15 h ago
European and US Stocks Rise, Oil Prices Fall
Stock prices advanced on European and US exchanges on Tuesday, while oil prices continued to decline, according to Dienas Bizness.
Dienas Bizness · 15 h ago
LIAA opens applications for foreign film and major event support
Latvia is using an €8.6 million programme to attract international film productions and large events in hopes of boosting services exports. The support scheme allows foreign producers to recover up to 30% of costs incurred in Latvia.
Latvijas Avīze · 16 h ago
US stocks hit record high on hopes for Strait of Hormuz reopening
US stock market reached an all-time high while oil prices fell as US officials touted progress in talks to reopen the critical waterway of the Strait of Hormuz.
Al Jazeera · 16 h ago
SpaceX posts smaller-than-expected losses; revenue surges over 90%
Elon Musk's company SpaceX has released financial results showing smaller losses than forecast, while revenue rose more than 90 percent from the same period a year earlier, beating analyst expectations.
Al Jazeera · 20 h ago
Jetstar to charge up to $52 for putting carry-on luggage in overhead lockers
Australian budget airline Jetstar will remove the 7kg carry-on weight limit from February 2027 and introduce a fee of up to $52 for placing larger bags in overhead lockers.
The Guardian World · 20 h ago
Reduced VAT on food products: results of the first month
A month after the reduced VAT rate was applied to four main food groups in Latvia, the first results show that while most residents have not yet noticed a significant drop in prices, statistics indicate that products have become cheaper and purchases have increased.
LSM (rus) · 4 Aug, 20:50
Dienas Bizness: Saeima Spending Rises Without Welfare Gains
Latvia's Saeima is costing more to run year after year, while the overall well-being of the country has not improved, according to Dienas Bizness.
Dienas Bizness · 4 Aug, 18:51
Latvian bailiff declares €727,000 income, prompting calls to overhaul fee system
Sworn bailiff Indra Andrejeva declared €727,037 in income from her practice last year — dozens of times the average Latvian salary. The report highlights systemic risks and proposes three steps to reform the sector.
Dienas Bizness · 4 Aug, 17:52
Coop completes Prisma store acquisition in Estonia, rules out price hikes
Coop Eesti Keskühistu will take over Prisma Peremarket's Estonian stores by the end of August, promising to keep the product range and avoid price increases. The deal will boost Coop's Tallinn market share from 5% to 17%.
ERR News · 4 Aug, 15:51
PTAC: Prices of milk, eggs, bread and poultry fell more than expected after VAT cut
Latvia's Consumer Rights Protection Centre (PTAC) says prices for several staple foods dropped more than anticipated following the introduction of a 12% VAT rate, and most retailers are applying the new rules correctly.
LSM (rus) · 4 Aug, 14:49
Moscow Court Declares Russia's Sole Domestic TV Maker Bankrupt
A Moscow court has declared Kvant, Russia's only locally registered television manufacturer, bankrupt after retailer DNS filed a petition. The company's confirmed debts have reached 4.15 billion rubles.
The Moscow Times · 4 Aug, 13:50
BP second-quarter profit more than doubles amid Middle East conflict
BP reported a surge in second-quarter profit as Middle East conflict drove fossil fuel prices higher. The company also announced plans to sell its North Sea business and other assets.
Euronews Business · 4 Aug, 12:52
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Russia's oil refining capacity hits 24-year low
Russia's average oil refining capacity fell to 3.6 million barrels per day in July 2026, the lowest level since May 2002, according to EA Analytics data cited by Bloomberg.
TVNET · 4 Aug, 12:51
Russia's oil refining capacity drops to lowest since 2002
Russia's oil refining capacity has fallen to its lowest level since 2002, according to EA Analytics, amid Ukrainian attacks on energy infrastructure. The strikes have fueled a worsening fuel shortage, leading to sales restrictions across Russia and in Mongolia.
Dienas Bizness · 4 Aug, 11:54
“Verde” – project that finally connected Skanste with city centre
Skanste has long been a priority development area in Riga, but its growth was uneven. The project “Verde” has finally linked the neighbourhood with the city centre.
Dienas Bizness · 4 Aug, 10:50
Why Latvia’s higher education needs full-time lecturers
The role of lecturers in higher education is shifting from knowledge providers to mentors. To ensure competitive graduates, Latvia must increase the share of full-time academic staff and invest in their professional development.
Dienas Bizness · 4 Aug, 09:52
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Kucinskis: Remote Work Review in State Administration Needed, but Not All Employees Must Return
Finance Minister Kucinskis says an assessment of remote work practices in the state administration is necessary, but it does not automatically mean all institutions must end telework. The prime minister and economy minister are pushing for most public employees to return to offices, with possible exceptions for IT and specific functions.
Dienas Bizness · 4 Aug, 08:57