CO2 emissions down and energy dependence up in Latvia
CO2 emissions generated by Latvia’s energy sector in 2020 went down by 15%, according to estimates published by the Central Statistical Bureau of…
Category: Business
Base capital of Latvian Railway increased by nearly EUR 38.5 million
Using the profits left from the previous account period, Latvian Railway (LDz) has increased its base capital from EUR 289.142 million to EUR…
Housing affordability down considerably in Latvia; buyers remain reluctant
In Q3 2022 Swedbank Baltic Housing Affordability Index (MPI) rapidly went down in all three Baltic capital cities, according to the bank’s economist…
Latvian authorities shut down Baltic International Bank; police unit breaks into bank’s headquarters
In order to ensure the stability of Latvia’s financial sector and to protect the interests of the bank’s clients, the Finance and Capital…
Latvia’s foreign trade turnover in October 22.2% higher than a year ago
In October 2022 Latvia’s foreign trade turnover accounted for EUR 4.2 billion. In actual prices it was 22.2% higher when compared with the…
Baltic Sea region receives another 480 million towards «green» investments
On Monday, the 12th of December, the European Commission and the Nordic Investment Bank signed the InvestEU guarantee agreement. The value of this…
Wage growth in Baltic States in last decade – the most rapid among OECD members
The average wage growth in Baltic States in the past ten years has been the most rapid among members states of the Organisation…
Luminor economist predicts inflation in Latvia will dive
Inflation will remain high for the next two to three months. After that, however, the inflation index will experience a sharp drop and…
Lithuania completes cross-border gas interconnection improvement project
On Wednesday, the 7th of December, work on improving Lithuanian-Latvian gas interconnection was completed in Lithuania’s Pasvalys district, as confirmed by Lithuanian gas…
