Finance

The number of students in higher education in Latvia continues to decrease, therefore the state is planning different scenarios to stimulate the education sector, for example, to more actively attract a number of foreign students ...

Banks’ profit above EU average

Although the Latvian economy was growing a little slower than anticipated in 2016, the financial market resisted the overall trend and proved its continuing stability. Last year, Latvian commercial banks continued to pursue their development strategies, ...

Largest industrial investment in country's history

A group of investors operating in the Estonian timber industry are planning to set up a wood refining plant in Estonia worth EUR one billion by 2022. The preparations for building the plant are to begin ...

Investors from 135 countries invest in Latvia

Investors from 135 countries made investments in Latvian companies last year. At the end of 2016, there were 29,273 companies registered in Latvia that were fully or partly owned by foreigners. Altogether 29,692 foreigners hold shares in Latvian companies.

Situation in Latvian job market improving gradually

The number of employed persons in Latvia was 895,000 or 61.8% of the population aged 15-74 years in the third quarter of 2016The registered unemployment level was at 9.5% of the economically active population in the third quarter ...