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Category: Business

Week in Lihuania | Lithuanian President will seek re-election in 2024; parliament approves 2024 budget

09.12.202309.12.2023 Ogres

Last week, Lithuania’s straw garden binding tradition was added to UNESCO list; intelligence body’s whistleblower revealed his identity Lithuania reports 1175 new COVID-19…

BNN ANALYSES | Lithuania’s average salary at 1 235 euros in third quarter, but many shrug it off: “No way!”

07.12.202307.12.2023 Ogres

Linas Jegelevičius Sodra, Lithuania’s state social insurance fund, has announced that the average salary of fully employed persons in the third quarter of…

Average electricity price on a rise in Latvia

05.12.2023 Ogres

Last week the average electricity price in Latvia went up by 18% and was 147.88 EUR/MWh, as reported by Latvenergo representatives. Last week…

LSA: Ministry of Finance has decided to inflate port costs instead of providing support

05.12.2023 Ogres

The war in Ukraine and anti-Russian and anti-Belarusian sanctions significantly influence Latvian sea ports. Right now they are in dire need of some…

In eleven months Latvia imports 382 800 tonnes of cereals from Russia

04.12.202304.12.2023 Ogres

In eleven months of 2023 a total of 382 808 tonnes of cereals from Russia went through Latvia’s border checkpoints on the way…

LDz Cargo to auction off 46 freight cars at initial price of EUR 220 000

01.12.2023 Ogres

LDz Cargo, a subsidiary of Latvian Railway, will sell 47 freight cars at an initial price of EUR 220 000 during an auction…

Estonian economic downturn accelerated again in the third quarter

30.11.202330.11.2023 Ogres

In the third quarter of 2023, the gross domestic product (GDP) decreased by 3.9% compared with the same quarter of 2022. The GDP…

BNN ANALYSES | Chilly Vilnius and Beijing trade sees a thaw, but spring will not come before end of 2024

30.11.202330.11.2023 Ogres

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

28.11.2023 Ogres

Latvian medicines manufacturer Olainfarm has plans to grow its base capital by nearly five million euros in order to ensure future development of…

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