Natural gas market still requires caution, Latvenergo warns
At the end of 2022 the price of natural gas went down in Europe’s wholesale market. This was largely caused by the drop…
Category: Business
SEB Nordic Outlook predicts light global recession at the start of 2023
According to the updated forecasts listed in SEB Bank’s Nordic Outlook, the global economy continued showing a good level of stability last year….
Food Union restarts exports of products to Ukraine
Latvian dairy products producer Food Union reports that in 2022 the concern started selling the iconic cottage cheese snacks Kārums in Norway. On…
Banks downgrade Latvia’s GDP growth outlook for 2023
SEB Bank has published the latest Nordic Outlook. It indicates that commercial banks have downgraded Latvia’s gross domestic product (GDP) growth rate forecast…
Economist: Too loose subsidy rules are dangerous
Economist and former European Union Commissioner Mario Monti warned that providing support that is too easy to obtain can be dangerous and have…
Latvian government prepares sea port reform term extension
There are plans to extend until the end of 2023 the term for the liquidation of the authorities of Riga and Ventspils freeports…
airBaltic market share at Riga International Airport down to 50.9% in 2022
Latvian national airBaltic airline’s market share passenger numbers-wise at Riga International Airport went down by 6.4 percentage points to 50.9% in 2022, according…
SBSC requests additional pay for work performed on New Riga Theatre
Latvian State Real Estate (VNI) has presented an announcement in regards to the situation with ongoing reconstruction of New Riga Theatre (JRT) –…
Skulte LNG terminal developers find strategic investor
Developers of Skulte liquefied natural gas (LNG) terminal have found a strategic investor and have submitted to the government a proposal with desired…
