The invention Made in Latvia could ensure energy independence
From the University of Latvia comes the feasibility of generating electricity by converting geothermal or waste heat.
From the University of Latvia comes the feasibility of generating electricity by converting geothermal or waste heat.
Latvia’s economy is projected to be sluggish: labour costs present risks to growth and competitiveness, while fuelling inflation.
Half of Latvia’s electricity in 2022 came from renewable sources (53.3%). And regarding renewable energy of all sorts, it ranks third in the EU.
The ELWIND offshore wind park will provide electricity of at least 1000 megawatts and create at least 2800 new jobs in Latvia.
Multi-million projects for the construction of new industrial parks in Jelgava, Ventspils, Liepaja, and Daugavpils received the green light.
The core inflation is persistently higher than headline, while expansionary fiscal policy increases the pressure and weaken the competitiveness.
Mushroom hunting has been included among the national values contained in Latvia’s intangible cultural heritage.
Riga is setting up ten new wind power plants with a total capacity of at least 800 megawatts (MW) and a green hydrogen plant in Ventspils.
Latvia is not yet viewed as an innovation leader and is taking action to integrate into the European digital community.
The core inflation is expected to remain elevated due to the non-competitive wage growth affecting both demand and costs in the price-setting process.