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Category: Business

Rīgas karte and Baltic Communication Centre managers suspected of large scale fraud

16.11.2022 Ogres

This week Latvia’s Corruption Prevention and Combating Bureau (KNAB) requested the prosecution office to commence criminal prosecution of former board member of Rīgas…

Euribor interest rate rise to affect car lease market

14.11.2022 Ogres

Luminor Bank warns leasers that the Euribor interest rate may considerably affect their payments across their entire lease contract term. After several years…

Apartment market in Estonia slumps to a low not observed since 2016

12.11.2022 Ogres

In October 2022 apartment-related deals in Estonia dropped to the level of 2016. It is likely this level will remain across the entirety…

Inflation forces residents in Latvia borrow more often; average loan amount reaches EUR 6 500

12.11.202212.11.2022 Ogres

In the first nine months of 2022 there was a 10% increase for loans amounts. The average consumer loan amount reached EUR 6…

European Commission predicts 1.9% growth for Latvia this year

11.11.2022 Ogres

The latest economic outlook from the European Commission (EC) indicates that Latvia’s GDP will have grown by 1.9% this year. At the same…

Attitude towards investments differs across Baltic States

11.11.2022 Ogres

Nearly two-fifths of residents in Baltic States invest in different financial instruments, according to results of SEB Bank’s Baltic residents survey*. In Latvia…

Import and export volumes between Russia and Latvia is up despite sanctions

10.11.2022 Ogres

In September 2022 Latvia’s foreign trade turnover reached EUR 4.61 billion. This is 34.2 % more at current prices when compared with a…

Latvian Stevedoring Company Association wants a competent and professional Ministry of Transport

10.11.202210.11.2022 Ogres

Latvian Stevedoring Company Association (LSA) wants to see a competent and professional minister in charge of the country’s Ministry of Transport. The candidate…

Meta plans major layoffs

09.11.2022 Ogres

On 9 November, Meta Platforms Inc. shared that they will be laying off 13% of their workforce (approximately 11 000 workers). It follows…

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