Prices of dwellings in Latvia up by more than 15%
Compared to Q2 2021, prices of dwellings rose by 16.5% in Q2 2022. Prices of new dwellings increased by 13.8%, but of existing…
Category: Business
Authorities to investigate Latvijas gāze’s decisions in creating gas reserves
The Office of the Prosecutor General of Latvia has commenced an investigation of the situation with gas reserves for the 2022/2023 heating season,…
Freeport of Riga plans to create the biggest solar panel park in Latvia
The Freeport of Riga has plans to create the biggest solar panel park in Latvia in Spilve fields. The planned power output is…
Ship with fertilizers on board stuck in Gulf of Riga due to sanctions
Since the start of March a ship with 55 000 tonnes of potassium chloride remains anchored at the Freeport of Riga. Due to…
European Central Bank increases base interest rate to 1.25%
On Thursday, 8 September, the European Central Bank (ECB) decided to increase the main base interest rate by 0.75 percentage points to 1.25%….
BNN ANALYSES | Lithuania sees uptick in bankruptcies, but will it turn into a tide?
Linas Jegelevičius for BNN As autumn sets in, so does gloom in Lithuanians’ mood – many are bracing for difficult months ahead. Perhaps…
Inflation in Latvia reaches 21.5% in August
Compared to August 2021, the average level of consumer prices increased by 21.5% in August 2022. Compared to August 2021, the average level…
European Commission proposes limiting enormous revenues of energy companies
The European Commission (EC) wants to limit the excessive revenue energy companies receive thanks to the rapidly growing electricity prices, as announced on…
Latvian Prime Minister says country may have to adopt a price cap of some kind
Looking at the adopted households support mechanism’s effectiveness in a situation when prices of energy resources are significantly up, it is likely Latvia…
