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…
Category: Business
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…
Residents in Latvia take fewer but larger mortgage loans and for longer terms
While in 2021 the number of issued mortgage loans had returned to the pre-pandemic level, the number of such loans issued last year…
BNN ANALYSES: Vilnius says that Beijing is softening its stance
Linas Jegelevičius Lithuanian President Gitanas Nausėda after his meeting with World Trade Organization’s Director-General Ngozi Okonjo-Iweala said that China is «softening its stance»….
