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…
Category: Business
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…
Euro value to U.S. dollar drops to a new low
On Monday, 5 September, the value of euro before the U.S. dollar dropped to a new low since December 2002. This new drop…
Latvian authorities report 1 383 violations of sanctions
Since the end of March, when the European Commission first started compiling data from members of the European Union regarding different violations of…
Daugavpils satiksme procures 20 buses powered by natural gas
With aid from the European Union Cohesion Fund Daugavpils satiksme JSC purchased 20 Scania Citywide buses powered by natural gas. The purchase cost…
