Latvia this year has been a “top reformer” in Organization for Economic Cooperation and Development (OECD), said the secretary general of OECD Angel Gurria on September 15, presenting an overview of the state of the national economy.
Latvia’s Parliament, the Saeima, approved Latvia’s 2007 national budget on Monday, November 28, forecasting budget revenues of EUR 8.066 billion and expenditures of EUR 8.367 billion next year.
Well-known for its magnificent coins, Latvijas Banka, the central bank of Latvia, has issued a colourful 5 euro silver collector coin dedicated to the 150th anniversary of the prominent Latvian painter Janis Rozentāls (1866–1916).
A new technology that can control a city’s infrastructure is currently being tested in Rīga, and hopefully that will make it possible to turn the Latvian capital city into one of the smartest cities in Europe. This announcement was made by the Latvian telecoms company Lattelecom during the Digital Freedom Festival.
Last week, Latvia’s Cabinet of Ministers approved the 2017 national draft budget, with revenues forecast at EUR 8.066 billion and expenditures at EUR 8.367 billion. In comparison to last year, revenues are expected to grow by 664 million euros, with spending rising by EUR 681 million.
Liepaja the third biggest city in Latvia, located in the south-western side of the country, on the Baltic Sea coast. Liepaja is famed for its incomparable sense of culture and Liepaja is home to some of the local entrepreneurs who are spending their time to create an extra value for clients. Let's have a look on some of the most perspective ones.
Data compiled by the Central Statistical Bureau (CSB) show that, compared to June 2015, industrial production output increased by 7.9 % in June 2016 (according to calendar adjusted data at constant prices). Production output in manufacturing rose by 8.2 %, in electricity and gas supply by 9.6 %, while in mining and quarrying there was a drop of 3.2 %.
In the national finals of the Creative Business Cup, where four companies competed against one another to represent Latvia at the world’s leading competition for creative industries, the company Vividly came out on top. Vividly, which offers virtual reality solutions in architecture, will represent Latvia at the Creative Business Cup in Copenhagen this fall.
There are no direct indications that the United Kingdom's decision to leave the EU would have a long-lasting impact on the economy and financial markets, said Valdis Dombrovskis, Vice-President of the European Commission, as reported by Latvian Radio.
On Thursday, June 2, Latvian Prime Minister Māris Kučinskis and the Secretary-General of the Organisation for Economic Co-operation and Development (OECD), Angel Gurría, signed the Agreement on Accession of Latvia to the OECD in Paris. Upon parliamentary ratification in Latvia, the country will officially become the organisation’s 35th member state.