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…
Category: Business
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…
Conexus service tariff to grow by 37.3% in December
Unified natural gas distribution and storage operator Conexus Baltic Grid (Conexus) gas distribution system service tariff will grow by 37.3% starting with December,…
Latvian Liepājas autobusu parks company agrees to pay fine for cartel involvement
Competition Council (KP) media representative Zane Gorškova reports that the council and Liepājas autobusu parks (LAP) public transport company signed an agreement to…
Latvian company punished for attempt to breach sanctions
Since August 2023 Latvian prosecution office has presented fines to two businesses in criminal cases regarding the breach of international sanctions imposed on…
Tidying up Riga Central Market will cost several dozen million euros
In order to tidy up and reorganise Riga Central Market funding will reach several dozen million euros. A more specific amount will be…
Estonian Climate Ministry provides funding for Tartu – Riga train route
Next year a direct train route will be established between Estonian student town of Tartu and Latvia’s capital city. Latvia’s northern neighbour’s Climate…
