Latvia’s GDP down by 0.6% in Q3 2022
Compared with the same quarter of 2021, seasonally unadjusted calendar data from the Central Statistical Bureau (CSP), Latvia’s gross domestic product (GDP) has…
Category: Business
AST: without new tariffs the company would lose six million euros every month
Latvian electricity transmission system operator Augstsprieguma tīkls (AST) has calculated that without new tariffs it would suffer approximately six million euros worth of…
Warning for businesses – number of fraudulent accounts is on a rise
Scammers have started forging accounts of partners of different companies in an attempt to scam Latvian businesses of their money, reports Swedbank, warning…
Ignitis Group purchases wind turbine park project in Lithuania
On Friday, 25 November, International green energy company Ignitis Renewables signed a purchase contract for 100% of shares of a company developing a…
Energy expert: the tariff increase by Sadales tīkls will impact Latvia’s energy independence course
The decision by Sadales tīkls JSC (ST) to increase the tariffs for users that produce electricity using generators or solar panels will halt…
Estonian police and FBI arrest suspects over cryptocurrency fraud
Estonian police and FBI arrested Sergei Potapenko and Ivan Turõgin, who are suspects in the cryptocurrency fraud case. This is one of the…
OECD predicts Latvia’s economic growth may exceed that of Estonia this year
On Tuesday, 22 November, the Organisation for Economic Cooperation and Development (OECD) a report in which the organisation predicts Latvia the second most…
Producer price level in Latvia up by 32.3% in 2022
When compared to October 2021, the level of producer prices in Latvia industrial sector increased by 32.3% in October 2022. The price level…
October’s inflation in Latvia higher than average in EU and Eurozone
In October 2022 inflation in Latvia was higher than the average observed in the European Union and Eurozone, according to data published by…
