OECD predicts Latvia’s economic growth may exceed that of Estonia this year
On Tuesday, 22 November, the Organisation for Economic Cooperation and Development (OECD) a report in which the organisation predicts Latvia the second most…
Category: Business
Producer price level in Latvia up by 32.3% in 2022
When compared to October 2021, the level of producer prices in Latvia industrial sector increased by 32.3% in October 2022. The price level…
October’s inflation in Latvia higher than average in EU and Eurozone
In October 2022 inflation in Latvia was higher than the average observed in the European Union and Eurozone, according to data published by…
Warm autumn affects price of wood fuel in Latvia
As a result of overproduction the price of wood in Latvia experienced a slight and, possibly, passing price drop. In October the average…
Rīgas karte and Baltic Communication Centre managers suspected of large scale fraud
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
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
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
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
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…
