Electricity price in Latvia up 239% over the course of the year
The average electricity price in May 2022 increased to 164.20 EUR/MWh in Latvia’s region. This is 50.1% more when compared to April and…
Category: Business
Economist: monthly mortgage loan payments may increase by 10-20% in Latvia
Over the course of the past 12 months consumer prices in Europe have increased at a rate not seen in the previous eight…
Housing in Lithuania overvalued by 10%, says central bank
In the housing market of Lithuania, prices are exaggerated by ten percent amid a set of crises facing the economy, the Bank of…
European Commission reports Latvia’s economy took covid crisis better than expected
Latvia’s economy has done well to weather the crisis caused by Covid-19. However, Russia’s invasion of Ukraine has worsened recovery perspectives, as mentioned…
Week in Lithuania: Turkey gifts Lithuania Bayraktar drone to give it to Ukraine, Baltic Pride festival starts in Vilnius
Last week, the top news stories in Lithuania were 5.9 million euros donated for buying a Bayraktar combat drone for Ukraine, Lithuania’s plans…
Business with ties to infamous Latvian politicians acquires land in Andrejsala
Latvian state company Valsts nekustamie īpašumi (VNĪ) has sold a 9.3 ha piece of land in Andrejsala to LLC IB Nekustamo Īpašumu Pakalpojumi…
Eurozone’s fastest inflation last month seen in Estonia
In May, quick changes in consumer prices on year were noticed across the eurozone. Leading the list, however, are the Baltic states with…
BNN ANALYSES: Competition for stranded Ukrainian grain – Lithuania seeks wants precious cargo deliveries from Belarus, not from Poland
Linas Jegelevičius for the BNN With Russia being the world’s top exporter of wheat and Ukraine among the top five (exporters) too, any…
Baltic States to discontinue procuring ballasting electricity from Russia
Operators of Baltic electricity transmission systems have agreed to discontinue procuring ballasting electricity from Russia, as confirmed by JSC Augstsprieguma tīkls. Baltic transmission…
