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…
Category: Business
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…
Attitude towards investments differs across Baltic States
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
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
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
On 9 November, Meta Platforms Inc. shared that they will be laying off 13% of their workforce (approximately 11 000 workers). It follows…
Latvian Employers’ Confederation invites president not to proclaim law on increase of minimal wages
Latvian Employers’ Confederation (LDDK) has invited President Egils Levits to not proclaim Saeima’s approved legislative draft to the Labour Law that would provide…
