Latvian State Audit’s report shows State Real Estate is an «inefficient» institution
In the audit performed at Latvian state company State Real Estate (VNI), State Audit (VK) uncovered numerous major problem with policy-making and property…
Category: Business
Tet accuses Balticom of damaging and using company’s infrastructure
Latvian company Tet LLC has decided to turn to the State Police, accusing competitor Balticom JSC of various business violations. Last month Tet…
Latvian power distributor to install solar panels on 700 transformer sub-stations
Latvian power distribution system operator Sadales tīkls JSC has plans to install solar panels on up to 700 transformer sub-stations of various businesses…
Estonian Supervisory Authority looks into Luminor Bank’s internet banking service disruption
Estonian Financial Supervision and Resolution Authority has commenced an investigation of the situation with disruption of internet banking services provided by Luminor Bank….
Latvian Federation of Food Enterprises invites halting scandalous army food supply procurement
Latvian Federation of Food Enterprises (LPUF) invites halting the army food supply procurement worth EUR 200 million. According to LPUF, it will not…
European Central Bank may increase interest rates once again
The European Central Bank (ECB) may have to increase interest rates again due to the high inflation in Eurozone, as announced by ECB…
Cryto-currency boom continues and Bitcoin shows signs of «NFT boom»
In February the value of the two biggest crypto-currencies Bitcoin (BTC) and Ethereum (ETH) continued going up – BTC had an increase of…
Average monthly wage in Latvia reaches 1 373 euros before taxes in 2022
In 2022 the average gross wages for full-time work amounted to EUR 1 373. Compared with 2021, the average monthly earnings grew by…
Railway freight volumes going to Baltic States will continue going down, Estonian millionaire predicts
The volume of railway freight going into the direction of Baltic States will continue going down. Even at an optimistic scenario – if…
