U.S. investment company Blackstone becomes owner of 80.05% of Luminor Holding shares
After purchasing 11.6% of Luminor Holding shares from Nordea, U.S. investment company Blackstone now owns 80% of Luminor Bank’s subsidiary – Luminor Holding…
Author: Ogres
airBaltic reports increased revenue, but continues operating with losses
Latvian airline airBaltic unaudited consolidated financial results for the first six months of 2022 indicate the company’s revenue is 270% higher when compared…
Ukraine nuclear reactor shut down due to shelling
One of two reactors at Ukraine’s Zaporizhzhia nuclear plant complex has been shut down due to Russian shelling, operator Energoatom said on Thursday,…
Eesti Gaas once again increases price for Estonian households
The price of the Eesti Gaas home package, which hiked in September to EUR 2.65 per cubic meter, will further rise to EUR…
With the start of the new school year, motorists in Latvia have to be especially careful
On Knowledge Day – 1 September – motorists should be especially careful when driving through populated areas and near schools, as there are…
Legal persons in Latvia to receive compensation of electricity transmission service fee
Specific support mechanisms have been adopted for businesses from 1 October onward to help reduce the negative influence of growing prices of energy…
Compensation of losses from USSR is a matter of dignity for Baltic States
On 30 August Latvia’s government reviewed the Interim Report on Estimates of Losses Caused by the Occupation by USSR and Further Action to…
Latvia’s GDP increases by 4.7% in first half-year of 2022
Compared to Q2 2021, gross domestic product (GDP) rose by 3.0% in Q2 2022, according to seasonally and calendar non-adjusted data at constant…
Russia has halted gas supplies to Europe
Russia shuts major gas pipeline to Europe, saying repairs are needed. The Russian state–owned energy giant, Gazprom, said the restrictions on the Nord…
