In the first quarter of 2024, 1.471 million tons of cargo were sent from the port of Ventspils, which is 19.4% less than in the same period last year, and the volume of cargo received decreased by 33.2%, amounting to 877,700 tons. In the first three months of this year, 1.041 million tons of bulk … Read more
The IMF report predicts that the economy Latvia this year will grow by only 1.7%. For comparison: in October the IMF predicted that Latvia’s GDP would increase by 2.6% this year. Next year, Latvian GDP growth is planned at 2.4%. The latest forecasts say that inflation in Latvia this year and next is expected to … Read more
In 2023, Latvian insurance companies and branches of foreign insurance companies wrote a total of EUR 1.119 billion in gross premiums, compared to EUR 998.682 million in 2022. In turn, in the form of gross compensation, insurers paid a total of 710.931 million euros compared to 642.558 million euros a year earlier. The amount of … Read more