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…
Category: Business
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…
Continued lawsuit with banker Guselnikov costs Latvia 4.5 million euros
The international lawsuit between the Latvian state and Russian banker Grigoriy Guselnikov is in its final stage, and Latvia has no plans to…
Unemployment level in Latvia “within the norm” but still higher than EU’s average
In August 2023 the unemployment level in Latvia was 6.6%, which is higher than the average unemployment level in the European Parliament and…
