Bank of Latvia upgrades GDP growth outlook to 1.2% for 2023
The Bank of Latvia has upgraded the country’s gross domestic product (GDP) growth outlook for 2023 from the previously predicted 0.5% to 1.2%,…
Category: Business
Week in Lithuania: Seimas fall session to start with no-confidence vote; faster power grid synchronization approved
In Lithuania, the Speaker of the Seimas has turned to the Ethics Commission in connection with the MP’s statements about Jews, while the…
Saeima wants energy producers to invest their excess revenues in green processes
Electricity producers will have to invest the extra profit from December and the first half of this year in their own or an…
Latvia is close to declaring an emergency situation in farming
Latvia is close to declaring an emergency situation in farming, Minister of Agriculture Didzis Šmits (Combined List) said in an interview with Latvijas…
Week in Lithuania: Seimas votes down a snap election; doesn’t allow artificial insemination for unmarried couples
Seimas worked hard this week and made several important decisions, and the businesses were busy as well. B2B payments provider Hokodo picks Vilnius…
Week in Lithuania: Endorses plans to establish special agency for migrants; protest staged outside Russian Embassy
Parliament speaker asks to increase NATO’s presence Viktorija Čmilytė-Nielsen, Speaker of the Seimas of Lithuania, has asked to increase military presence of the…
World Ice Hockey Championship estimated to have brought EUR 44 million to Latvia’s economy
Provisional estimates indicate that the organisation of the World Ice Hockey Championship in Riga has brought Latvia’s economy an additional EUR 44 million,…
Latvia’s gross domestic product increases by 0.8%
Compared to Q1 2022, gross domestic product (GDP) rose by 0.8 %, according to seasonally and calendar non-adjusted data at constant prices in…
Latvian ministers hope to “defeat grey businesses” using different means
On Tuesday, the 30th of May, a conference dedicated to the problem of grey economy happened in Latvia. Minister of Finance Arvils Ašeradens…
