Latvian State Police report possible involvement of VID in so-called Koknese cocaine case
Officials from the State Revenue Service (VID) may have been involved in the biggest drug trafficking case in Latvia’s history. In October 2022…
Category: Business
Several dozen LNG tankers stuck near Spanish coast, waiting for permission to dock and unload gas
There are several dozen tankers loaded with liquefied natural gas (LNG) are waiting near the Spanish coast for permission to unload their cargo….
Turkish steel exporters coming to Latvia and Estonia
Between 23rd and 27th of October Turkish Steel Exporters’ Association (TSEA) will be in Estonia and Latvia with the aim of strengthening their…
Serial apartment offers on a rise on Latvia’s housing market
In Q3 2022 the number of serial apartment offers in Riga increased significantly. Since the start of the year their numbers have almost…
IMF cuts Lithuania’s economic growth outlook for 2023 by half
According to the latest outlook from the International Monetary Fund (IMF), economic growth in Lithuania and other countries of the world may turn…
Energy-intensive manufacturing companies still able to sign up for state support
On Tuesday, 11 October, Latvia’s Cabinet of Ministers once again passed the support programme for energy-intensive manufacturing companies to help compensate the consequences…
Economist: inflation will be dictated by future dynamics of gas prices
The main force behind inflation in Latvia remains based in three main groups – housing, food and transport, which compose 18.4% of total…
September’s expected inflation in Latvia at 22.2%
In September 2022, compared to September 2021, the average level of consumer prices increased by 22.2 %. Compared to September 2021, the average…
Rise of housing prices in Latvia more rapid than average in EU and Eurozone
Housing prices in Q2 2022 in Latvia increased by 16.5% when compared to the same period of 2021. This is more rapid than…
