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…
Category: Business
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…
Nearly 13 000 households apply for energy crisis aid in three days in Latvia
In the first three days of October nearly 13 000 households applied for energy resource price increase compensation, as confirmed by ZZ Dats…
Klaipeda LNG terminal to provide Latvenergo up to 6 TWh of annual power
Latvian energy company Latvenergo JSC has acquired rights to use annual power output of 6 TWh from Klaipeda liquefied natural gas (LNG) terminal…
Rīgas siltums sets heating energy tariff at 170.59 EUR/MWh this heating season
2 October will mark the coming into force of the new heating tariff of Rīgas siltums JSC. This new tariff will be nearly…
Skulte LNG terminal given status of object of national interest in Latvia
On Thursday, 29 September, Latvia’s parliament passed in the final reading the legislative draft from the government and Ministry of Economics that provides…
