Constitutional Court to look into Latvian government’s given permission to cut down young forests
The Constitutional Court (ST) reports having initiated a case over government regulations that narrowed the average size of trees to be felled, which…
Category: Business
Financial institutions’ profits up to EUR 326.3 million in 2022 despite various economic challenges
Latvian monetary financial institutions (MFI) – mainly banks – operated with profits of EUR 326.3 million in 2022, which is 26.5% more when…
Swedbank Estonia head: No reason to talk about panic
The rising Euribor rate and rising unemployment could mean that banks are reluctant to issue loans, but the CEO of Swedbank Estonia says…
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…
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…
