Posts tagged as economics

Baltic States are the poorest in EU

By Kasparas Jankauskas on Wednesday, January 6, 2021

The Baltic States remain among the poorest regions in the EU. Despite the measures implemented by the leadership of Lithuania, Latvia, Estonia, the level of the minimum wage in these countries is one of the lowest in Europe. The question of setting a minimum wage is one of the most analyzed and debated topics in economics. Over recent years and in the context of the economic and social crisis engendered…

Downtime aid measures approved by government

Tuesday, November 10, 2020

On November 10, the Cabinet approved the decision to introduce downtime benefits of up to €1,000 and subsidize up to €500 of the salaries for employees at companies affected by the COVID-19 crisis. The subsidy for employees is planned at a rate of 70% of the three-month (August, September, October) average salary declared by the company. Subsidies will be paid to the employee (employed, self-employed and patent payers). The subsidy…

State of emergency: needed or not?

Thursday, November 5, 2020

Although Prime Minister Krisjānis Kariņš (New Unity) is convinced that an emergency state should be announced on Friday, the government’s views differ, Latvian Television reported November 4. During a state of emergency, the government has far more rights to limit the activities of the population. For example, in the spring, during the emergency state, a government decision was sufficient to allow administrative penalties for the failure to wear masks in public transport,…

Economics Ministry wants to ditch self-isolation

Thursday, September 24, 2020

The Ministry of Economics (EM) wants to replace the 10-day self-isolation after returning from abroad with extensive COVID-19 testing, said Deputy State Secretary Raimonds Aleksejenko to Latvian Television September 23. Asked whether EM still insists on increasing the 10-day cumulative COVID-19 incidence rate threshold (from the current 16 to 25 infections per 100 000 inhabitants), after which self-isolation should be observed when entering the country, Aleksejenko said that the Ministry would actually…

Stockholm School of Economics in Rīga makes global business school Top 20

Wednesday, May 13, 2020

The Stockholm School of Economics in Rīga (SSE) has been named among the top 20 business schools in the world by the British financial daily The Financial Times . SSE is named in 19th spot in a ranking of the top 50 schools, based on customised and open-enrolment programme providers, sandwiched between Cambridge University’s Judge Business School in 18th and the University of Chicago’s Booth School of Business in 20th. “It is especially gratifying…

Latvian ports see cargo turnover fall 15.9% in Q1

Thursday, April 12, 2018

In the first three months of 2018, all Latvian ports together handled 15.556 million tons of cargo, down 15.9% from the same period in 2017,writes LETA, according to the information released by the Transport Ministry. Bulk cargos, which dominated in the Latvian ports in January-March this year, fell 16.7% year-on-year to 8.263 million tons. Coal cargos contracted 26.9% to 4.228 million tons, chemical cargos were down 23.7% to 625,000 tons…