Inflation forces residents in Latvia borrow more often; average loan amount reaches EUR 6 500
In the first nine months of 2022 there was a 10% increase for loans amounts. The average consumer loan amount reached EUR 6…
Category: Business
European Commission predicts 1.9% growth for Latvia this year
The latest economic outlook from the European Commission (EC) indicates that Latvia’s GDP will have grown by 1.9% this year. At the same…
Attitude towards investments differs across Baltic States
Nearly two-fifths of residents in Baltic States invest in different financial instruments, according to results of SEB Bank’s Baltic residents survey*. In Latvia…
Import and export volumes between Russia and Latvia is up despite sanctions
In September 2022 Latvia’s foreign trade turnover reached EUR 4.61 billion. This is 34.2 % more at current prices when compared with a…
Latvian Stevedoring Company Association wants a competent and professional Ministry of Transport
Latvian Stevedoring Company Association (LSA) wants to see a competent and professional minister in charge of the country’s Ministry of Transport. The candidate…
Meta plans major layoffs
On 9 November, Meta Platforms Inc. shared that they will be laying off 13% of their workforce (approximately 11 000 workers). It follows…
Latvian Employers’ Confederation invites president not to proclaim law on increase of minimal wages
Latvian Employers’ Confederation (LDDK) has invited President Egils Levits to not proclaim Saeima’s approved legislative draft to the Labour Law that would provide…
Expert: Scholz’ Beijing visit splits Europe
German Chancellor Olaf Scholz’s one-day visit to Beijing yielded nothing, as no trade agreements were signed or major international deals cut, writes ERR…
Estonia promotes use of electric cars and zero emissions policy
Estonia’s Ministry of the Environment will soon present an initiative that will make electric cars more attractive and promote zero emissions policy. Experts…
