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…
Category: Business
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…
Latvia’s Sadales tīkls hopes solar energy will contribute to the grid
Next year clear and solar energy producers could help cover up to one-third of the distribution network’s total energy consumption, predicts electricity distribution…
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…
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…
