Electricity consumption in Latvia drops to five-year minimum; price remains high
In September there was a significant drop in consumption of electricity, reaching the lowest point since June 2017. A total of 531 379…
Category: Business
Investigation of possible EU fund fraud leads authorities to Līvāni mayor’s private property
During the investigation of possible fraud involving EU funds worth EUR 1.8 million a search was performed at private property owned by Līvāni…
September’s inflation in Latvia third highest in EU and Eurozone
In September 2022 annual inflation in Latvia was higher than average in the European Union and Eurozone, according to data published by Eurostat….
Slight drop in gas prices does not mean they will remain low this winter, experts say
The recently observed rapid drop of gas prices on the exchange does not mean prices will continue dropping and will remain low this…
Latvian State Police report possible involvement of VID in so-called Koknese cocaine case
Officials from the State Revenue Service (VID) may have been involved in the biggest drug trafficking case in Latvia’s history. In October 2022…
Several dozen LNG tankers stuck near Spanish coast, waiting for permission to dock and unload gas
There are several dozen tankers loaded with liquefied natural gas (LNG) are waiting near the Spanish coast for permission to unload their cargo….
Turkish steel exporters coming to Latvia and Estonia
Between 23rd and 27th of October Turkish Steel Exporters’ Association (TSEA) will be in Estonia and Latvia with the aim of strengthening their…
Serial apartment offers on a rise on Latvia’s housing market
In Q3 2022 the number of serial apartment offers in Riga increased significantly. Since the start of the year their numbers have almost…
IMF cuts Lithuania’s economic growth outlook for 2023 by half
According to the latest outlook from the International Monetary Fund (IMF), economic growth in Lithuania and other countries of the world may turn…
