Latvian authorities shut down Baltic International Bank; police unit breaks into bank’s headquarters
In order to ensure the stability of Latvia’s financial sector and to protect the interests of the bank’s clients, the Finance and Capital…
Category: Business
Latvia’s foreign trade turnover in October 22.2% higher than a year ago
In October 2022 Latvia’s foreign trade turnover accounted for EUR 4.2 billion. In actual prices it was 22.2% higher when compared with the…
Baltic Sea region receives another 480 million towards «green» investments
On Monday, the 12th of December, the European Commission and the Nordic Investment Bank signed the InvestEU guarantee agreement. The value of this…
Wage growth in Baltic States in last decade – the most rapid among OECD members
The average wage growth in Baltic States in the past ten years has been the most rapid among members states of the Organisation…
Luminor economist predicts inflation in Latvia will dive
Inflation will remain high for the next two to three months. After that, however, the inflation index will experience a sharp drop and…
Lithuania completes cross-border gas interconnection improvement project
On Wednesday, the 7th of December, work on improving Lithuanian-Latvian gas interconnection was completed in Lithuania’s Pasvalys district, as confirmed by Lithuanian gas…
Latvia’s Sadales tīkls hopes solar energy will contribute to the grid
Next year clear and solar energy producers could help cover up to one-third of the distribution network’s total energy consumption, predicts electricity distribution…
Latvia and Estonia the only EU countries with GDP drop observed in Q3 2022
In Q3 2022 Latvia was one of two countries in the European Union (EU) in which a GDP drop was observed, according to…
Hungary blocks European Union financial aid to Ukraine
Hungary has used the right of veto and blocked an 18 billion euro aid loan to Ukraine after the European Union (EU) delayed…
