Revenue of Latvian Augstsprieguma tīkls JSC up 149% in nine months
In nine months of 2022 the turnover of Latvian power distribution company Augstsprieguma tīkls JSC (AST) was EUR 204.5 million. This includes revenue…
Category: Business
Latvia publishes a list of top most valuable businesses
This year Swedbank Baltics JSC made it to 1st place among Latvia’s TOP most valuable businesses index composed by Nasdaq Riga and Prudentia….
Economist: Latvia’s economy will continue slowing down
Latvia’s GDP went down by 0.6% in Q3 this year, and the slowing of economic activity will continue in Q4 as well, said…
Latvia’s GDP down by 0.6% in Q3 2022
Compared with the same quarter of 2021, seasonally unadjusted calendar data from the Central Statistical Bureau (CSP), Latvia’s gross domestic product (GDP) has…
AST: without new tariffs the company would lose six million euros every month
Latvian electricity transmission system operator Augstsprieguma tīkls (AST) has calculated that without new tariffs it would suffer approximately six million euros worth of…
Warning for businesses – number of fraudulent accounts is on a rise
Scammers have started forging accounts of partners of different companies in an attempt to scam Latvian businesses of their money, reports Swedbank, warning…
Ignitis Group purchases wind turbine park project in Lithuania
On Friday, 25 November, International green energy company Ignitis Renewables signed a purchase contract for 100% of shares of a company developing a…
Energy expert: the tariff increase by Sadales tīkls will impact Latvia’s energy independence course
The decision by Sadales tīkls JSC (ST) to increase the tariffs for users that produce electricity using generators or solar panels will halt…
Estonian police and FBI arrest suspects over cryptocurrency fraud
Estonian police and FBI arrested Sergei Potapenko and Ivan Turõgin, who are suspects in the cryptocurrency fraud case. This is one of the…
