Lithuanians warned of rising Euribor bank lending rate
Majority of mortgage loans in Lithuania include changing rate of the Euribor interbank lending rate. The Bank of Lithuania has warned that after…
Category: Business
Housing prices in Riga remain lower than prices in Vilnius and Tallinn
Although the prices of housing under construction in Riga have increased by 29% over the course of the year, they remain lower than…
Day 88 of war in Ukraine: Zelenskyy opens Davos forum, Russian troop losses in Ukraine similar to Soviet death toll in Afghanistan
On Monday, May 23, Ukrainian President Volodymyr Zelenskyy opened the World Economic Forum, where business leaders and government officials will focus on economic…
Estonia adopts additional budget for defence, energy and refugee needs
In Tallinn, the Riigikogu has adopted Estonia’s supplementary state budget of 878 million euros. The legislators also expressed their continued confidence in the…
Covid-19 pandemic cuts Latvia’s hospitality sector worker numbers by one-third
Over the course of the last two years the number of people employed in Latvia’s hospitality sector has dropped by one-third. The sector…
Renault’s Moscow factory nationalised to build Moskviches
Russia has nationalised the Moscow factory of French carmaker Renault. Moscow city leadership has announced that cars under the Moskvich brand reminiscent of…
Estonian unemployed number down by 9,200 on year
In the first quarter of 2022, the Estonian labour force participation rate was 73.1%, the employment rate was 69%, and the unemployment rate…
Latvia prepared to expand cooperation with Kazakhstan in transit sector
On Friday, 13 May, Latvian Ministry of Transport’s deputy state secretary Uldis Reimanis met with deputy Minister of Industry and Infrastructure Development of…
Grey economy continues growing in all Baltic States
The volume of grey economy in Latvia increased 1.1% last year, reaching 26.6% of the country’s GDP, according to results of Stockholm School…
