Bank of Latvia upgrades GDP growth outlook to 3% for 2022
The Bank of Latvia has upgraded the country’s GDP growth outlook for 2022 from the previous 2.9% to 3%, as reported by the…
Category: Business
BNN ASKS | Electricity – why is it the way it is?
«How is the electricity price formed? Why is it so high on the exchange? When will it go down? Will the state support…
Bank of Latvia governor promises economic recession will not be as deep as it was in 2008
There will be an economic decline or recession, but it will be shallow, said Bank of Latvia governor Mārtiņš Kazāks in an interview…
Energy-intensive manufacturing plants in Latvia will have access to state aid
Energy-intensive manufacturers in Latvia will have access to state aid to help compensate growing energy resource costs, as reported by Ministry of Economics….
Experts: support for transit is critically important during a crisis
«If no support is provided in the near future, the next half-year will be very difficult and many people will suffer,» said the…
Latvian government may decide on energy price cap before 14th Saeima elections
The government in Latvia may convene a week prior to the next Saeima elections to decide on setting energy resource price cap, said…
Association: prices of cheeses and grain products have more than doubled in Latvian
Prices of cheese and grain products have more than doubled over the course of the year, according to data from Latvian Traders Association…
Prices of dwellings in Latvia up by more than 15%
Compared to Q2 2021, prices of dwellings rose by 16.5% in Q2 2022. Prices of new dwellings increased by 13.8%, but of existing…
Authorities to investigate Latvijas gāze’s decisions in creating gas reserves
The Office of the Prosecutor General of Latvia has commenced an investigation of the situation with gas reserves for the 2022/2023 heating season,…
