Latvian dairy sector in panic; some companies consider closing down entirely
Dairy farms in Latvia are forced to sell property and cut down nearby trees to free up territory, feed their livestock and avoid…
Category: Business
Lower inflation does not promote consumption, says Citadele Bank economist
Inflation in Latvia went down rapidly in recent months. Since June it has been significantly below 10%. However, this has yet to bring…
SEB Bank once again predicts decline of Estonia’s economy – by 1.8% this year
Estonian public media ERR reports that SEB Bank’s latest outlook states that the country’s economy is expected to experience a decline for a…
Energy expert warns: power network should be disconnected from Russia, but prices will go up
The decision by Baltic States to de-synchronise from Russian-controlled “BRELL” group is a very correct step, but to little attention is provided to…
LTV: Latvian export to Russia remains stable despite sanctions
Despite sanctions and other business risks associated with Russia, exports of Latvian goods to this country remains stable. In the first half of…
Week in Lithuania: teacher trade union announces it will stage a warning strike, President reflects on Prigozhin’s demise
Last week, Lithuania rolled out new €41 million military aid package to Ukraine; President paid visit to Kyiv Army, border guards start joint…
This year rail freight volumes may fall by 20-25%
Latvian Railway (LDz) board chairman Rinalds Pļavnieks in an interview with Latvijas Radio on Tuesday the 15th of August stated that the amount…
Latvian Ministry of Finance predicts continued drop in exports of goods
Data compiled by the Central Statistical Bureau of Latvia on foreign trade of goods for June indicates that the value of export goods…
OPINION | Populist discussion or rational action – what will save food prices?
Noris Krūzītis, Chief Executive of Latvian Food Retailers Association (LPTA) The food price hike affects all of as, and in a time when…
