Estonian economic downturn accelerated again in the third quarter
In the third quarter of 2023, the gross domestic product (GDP) decreased by 3.9% compared with the same quarter of 2022. The GDP…
Category: Business
BNN ANALYSES | Chilly Vilnius and Beijing trade sees a thaw, but spring will not come before end of 2024
Linas Jegelevičius Lithuanian and Chinese officials are talking about defrosting diplomatic relations, but a political spring will not come before the Lithuanian parliamentary…
Olainfarm to grow base capital by nearly five million euros
Latvian medicines manufacturer Olainfarm has plans to grow its base capital by nearly five million euros in order to ensure future development of…
Minister warns Latvia will have to raise excise tax because of 12% VAT rate for fruits and vegetables
In order to adopt a 12% VAT rate for fruits and vegetables in Latvia next year, it will be necessary to find an…
Estonia: average monthly gross wages reach 1 812 euros in Q3, median at 1 500 euros
According to Statistics Estonia, in the third quarter of 2023, the average monthly gross wages and salaries were 1 812 euros, which is…
Week in Lithuania | President urges Foreign minister to “calm down”, court slaps harsh jail sentences for ex-MPs
Last week, Seimas launched second impeachment process against MP Grazulis; Seimas speaker proposes scrapping employment quotas for foreigners Polish bank mulls opening branch…
Former US Secretary of State Mike Pompeo joins the board of directors of Kyivstar, part-owned by Petr Aven
Former US Secretary of State Mike Pompeo will join the board of directors of Kyivstar, a Ukrainian telecoms company part-owned by Petr Aven,…
Grain freight turnover on a rise in Latvia’s transit sector
In the first ten months of 2023 grain freight turnover at Latvia’s largest sea ports was up 14% and 32% up in the…
Latvia’s budget deficit may reach 2.6% of GDP, says head of Fiscal Discipline Council
The deficit of Latvia’s state budget may reach 2.6% of GDP, said the chairperson of the Fiscal Discipline Council Inna Šteinbuka in an…
