Latvia and Estonia the only EU countries with GDP drop observed in Q3 2022
In Q3 2022 Latvia was one of two countries in the European Union (EU) in which a GDP drop was observed, according to…
Category: Business
Hungary blocks European Union financial aid to Ukraine
Hungary has used the right of veto and blocked an 18 billion euro aid loan to Ukraine after the European Union (EU) delayed…
Enefit: we don’t need to raise tariff – we need to change the strategy
Looking closely at the tariff projects submitted by Augstsprieguma tīkls (AST) and Sadales tīkls (ST) it becomes clear that the main cause behind…
Ministry of Finance downgrades Latvia’s economic growth outlook
With the schedule for the preparation of the state budget for 2023 pushed back, the Ministry of Finance reports it has «updated» the…
Baltic States agree to develop plan to railway network’s conversion according to EU standards
During a meeting of European transport ministers in Brussels, participants agreed that all member states the railway network of which differs from the…
Real estate market is cooling down in Estonia
The cooling of the Estonian rental market has also reached Tallinn, and landlords have to expect a longer time to find new tenants…
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…
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…
