Latvian government agrees to reduce VAT for books and printed press to 5%
Books and printed press will be applied with Value Added Tax (VAT) of 5% from now on, as decided by Latvia’s government. VAT…
Category: Business
Bank of Latvia upgrades GDP growth outlook to 5.3% for 2021
The Bank of Latvia has upgraded the GDP growth outlook from 3.3% to 5.3% for 2021, as confirmed by the central bank’s Monetary…
Lidl chain store finally announces opening date in Latvia
Chain store company Lidl has announced plans to open 15 stores in Latvia on Thursday, 7 October. Lidl will open stores in Riga,…
Lithuanian company fined USD 6.1 million for involving western actor in CBD advertising
A court in the US has ordered Lithuanian company Mediatonas to pay 6.1 million US dollars (5.25 million euros) for unauthorised use of…
Baltic States plan to agree on unified mechanism to secure stable gas supplies
Latvia, Lithuania and Estonia plan to reach an agreement on a single mechanism to secure gas supplies, according to legislative acts passed by…
Estonia marks second fuel price record in one week
In an upset to Estonian drivers of combustion engine vehicles the fuel prices in the country continue to rise at record pace. On…
Buy two nights, get one for free. Lithuania is creative in subsidising tourism this autumn
Lithuania fighting another wave of the pandemic is aware of its potentially serious effects on the tourism sector, therefore a creative way of…
Electricity prices in Latvia reach the peak since market liberalization
In September the average monthly price reached 123.50 EUR/MWh, which is 41.4% more when compared to August. This is the highest electricity price…
Losses of Latvian airBaltic air line down to EUR 61.515 million in first half of 2021
The turnover of Latvian airBaltic airline was EUR 49.963 million in the first half-year, which is 41.6% when compared to the first half-year…
