Fuel retailers versus the Latvian government: dispute over windfall tax intensifies
A windfall tax will motivate fuel retailers to reduce prices as quickly as possible, Economy Minister Viktors Valainis (ZZS) said on Tuesday in…
Category: Business
“airBaltic” seeks short-term state loan
The Latvian government is set to review a request from national airline airBaltic for a short-term loan, the Ministry of Transport (SM) has…
BNN IN FOCUS | Scandal after scandal: why million-euro IT projects in Latvia fail
Last week, it became known about fraud in information technology procurements worth 1.5 million euros, as well as the decision that votes in…
“The biggest mistake would be austerity” – MP on Latvia’s economy and the crisis
Latvia should not begin implementing austerity measures in response to the impact of the war involving Iran, as this would be a misguided…
Biofuel and fuel prices in Latvia: ministry explains the impact
In the current market situation, abolishing the biofuel blending requirement alone would not guarantee a reduction in fuel prices, the Ministry of Climate…
Riga Airport’s dominance in the Baltics is no longer so self-evident
The structure of the Baltic aviation market is gradually changing, and Lithuania is increasingly trying to strengthen its role within it, Andris Kalniņš,…
Latvian dairy sector: too much imported milk in stores
The share of locally produced milk in stores in Latvia has not significantly increased since the signing of the food price memorandum last…
Farmers warn Middle East conflict could drive up fertilizer and food prices
The conflict in the Middle East could push up fertilizer prices and create additional risks for global supply chains, which in turn may…
Oil prices reach highest level since 2022
Oil prices continued to rise on Monday amid the war between the United States and Iran, reaching their highest level since 2022, while…
