Kremlin ready for more Western sanctions while many Russians struggle with basic expenses
The Kremlin said on Tuesday, the 24th of October, that Russia is not worried about possible further Western sanctions, saying the country’s economy…
Category: Business
Latvia’s herring fishing quotas to be slashed by 43% next year
Latvian Ministry of Culture reports that the country’s herring fishing quota will go down by 43% next year. This was decided on Sunday,…
Latvia among 14 European countries with a drop in exports
In January-September 2023 Latvia was among 14 of 27 European Union member states in which there was a drop in exports registered when…
Nine months in financial markets – calm, but with results, expert says
SEB Bank offers its subsidiary SEB Investment Management board chairman Jānis Rozenfelds’ view on how Latvia and the biggest world economies have passed…
Shocking Eurostat data on gas prices in Latvia and neighbouring countries
European Union’s (EU) Eurostat bureau’s compiled information regarding energy resource price changes – comparing the first half of this year to the same…
European Central Bank decides not to raise interest rates
On Thursday, the 26th of October, fort he first time since July 2022, the European Central Bank (ECB) decided to maintain interest rates…
Week in Lithuania | Seimas sets up panel on lifting anti-LGBTIQ MP Grazulis’ immunity, Foreign Minister urges EU to speed up ammo deliveries to Ukraine
Last week, Lithuania asked EC for two-year tax target delay; court accepted celebrity skater’s appeal Lithuanian president hesitant on EU budget review deal…
Latvia’s GDP down 0.1% in Q3 2023; Estonia’s GDP down 2.5%
The Central Statistical Bureau of Latvia reports that in Q3 2023, as compared to the same period of 2022, Latvia’s GDP went down…
Latvian PM promises reduced VAT for fruits and vegetables
Next year it is planned to apply a reduced – 12% – VAT rate for fresh fruits and vegetables. The ruling coalition agreed…
