Date: 02.09.2020.

International Internet Magazine. Baltic States news & analytics Friday, 04.12.2020, 16:49

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PM: public service media to leave advertising market in Latvia in 2021

PM: public service media to leave advertising market in Latvia in 2021

02.09.2020

Public service media - Latvian Television, Latvian Radio and the web portal lsm.lv - will leave the advertising market next year, Prime Minister Krisjanis Karins (New Unity) told journalists on September 2nd, cites LETA.

Keyword tags: Advertising, Financial Services, Latvia, Legislation, Markets and Companies



Latvian government substantially expands air travel opportunities

Latvian government substantially expands air travel opportunities

02.09.2020

The Cabinet of Ministers in Latvia on September 2nd agreed to permit air travel to countries where the the 14-day cumulative number of Covid-19 cases per 100,00 population is twice as high as the European Union's average number, stipulating at the same time that those returning from these countries must self-isolate for 14 days, informs LETA.

Waves in the sea go up and down – one. Waves in the sea go up and down – two? Rhyme on Latvia's GDP

Waves in the sea go up and down – one. Waves in the sea go up and down – two? Rhyme on Latvia's GDP

02.09.2020

A month ago, the previous series of the GDP flash estimate revealed that the second quarter saw Latvia's economy shrink relatively significantly, i.e. by 7.5% quarter-on-quarter. At the same time, the contraction was less dramatic than in other EU countries. This series or specified GDP production and expenditure components reveal a more detailed picture of the "culprits" driving the change. Moreover, they show that GDP contracted by 6.5%, i.e. less than previously expected.


Latvian Government approves proposal to carry out tax reform in 2021

Latvian Government approves proposal to carry out tax reform in 2021

02.09.2020

The Cabinet of Ministers on Wednesday approved the proposal to carry out tax reform in 2021, intended to promote the social protection of the country's residents.

"Baltic Bubble" will cease to exist this Friday

"Baltic Bubble" will cease to exist this Friday

02.09.2020

Since Covid-19 cases in Lithuania and Estonia continue to rise, the so-called "Baltic Bubble" will cease to exist as of this Friday, Prime Minister Krisjanis Karins (New Unity) said at a government meeting today.


02.09.2020

Freight transportation in Latvia dropped 18.1% in H1

Central Statistical Bureau (CSB) data show that in the 1st half of 2020 compared to the 1st half of 2019, freight carried in transport by land and pipeline has reduced by 18.1%, but at ports – by 30.1%.

02.09.2020

Investments by pension funds in Estonia decline in Q2

The volume of investments in Estonia by Estonian pension funds declined by 1.3 percentage points in the second quarter of 2020 compared with the first quarter, making up 12.89% of the total volume of the funds, referred LETA/BNS.

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