ECB warns of possible interest rate hike
The European Central Bank (ECB) is moving toward raising interest rates to prevent the oil price shock from creating spiraling inflation, writes Politico….
Category: Business
Latvia must choose – help prevent a global food crisis or continue feeding Russia’s war economy
The world is approaching a dangerous threshold. The United Nations has warned that disruptions to fertilizer supplies could trigger a massive humanitarian catastrophe…
Latvia “gifts” millions to Russia while its own jobs and tax revenues continue to decline
Opinion article The mineral fertilizer transshipment terminal Riga Fertilizer Terminal (RFT) has been fighting for four years for the right to operate, preserve…
Gas supplies may remain constrained until 2027, IEA warns
Liquefied natural gas (LNG) supplies are likely to remain constrained until the end of 2027 due to disruptions and infrastructure damage caused by…
Debt rising, deficit growing – latest data on Latvia’s public finances
According to the latest data published by the Central Statistical Bureau, Latvia’s general government budget recorded a deficit of 1.093 billion dollars last…
Fuel retailer: the “solidarity payment” would also be strongly felt by consumers
The so-called “solidarity payment” is a confiscatory instrument aimed at achieving political goals rather than improving public welfare, believes Aleksejs Švedovs, Head of…
Kulbergs: airBaltic cannot continue living on loans
It is not appropriate to grant another loan to the national airline airBaltic until a clear restructuring plan has been developed, said opposition…
EU agrees on steel import restrictions
The European Union agreed on the 13th of April to almost halve steel imports and impose a 50% import tariff on shipments exceeding…
Hundreds of taxi drivers protest against Bolt in Riga – demand limits on monopoly
On Monday, several hundred taxi drivers in Riga took part in a protest drive against the policies implemented by Bolt, the LETA news…
