In 2022, more companies were born in Latvia than those that disappeared, better than the EU average for the birth rate of companies, which was 14,3% against 10,5% of the EU, about the double of the company death rate of 7,85%, against 8,7% of the EU

The winner of Latvia's 'Car of the Year 2025' competition is the new Škoda Kodiaq, chosen by a jury among seven finalists; a total of 32 car models participated in this year's competition

Banks and their branches in Latvia will have to pay a solidarity contribution - 60% of excess profits - over the next three years after a new law on bank super-profits will be introduced next year

The Latvian Ministry of Defence published what it called a 'White Paper' of its spending plans for 2025, calling next year's defence budget 'the largest in Latvia's history', reaching 3,45% of gross domestic product

All passengers will be able to travel free of charge on public buses, trolley buses and trams in Riga today 18 November, Latvia's Independence Day