Latvian parliament officially bans supplies of natural gas from Russia
On Thursday, 14 July, Latvian Saeima passed in the final reading amendments to the Energy Law that impose a ban on imports of…
Category: Business
With rent prices up, Lithuania offers adopting price ceiling
Apartment rent in Lithuania’s biggest cities continues rapidly going up. As a result, students especially could be pushed from the housing rental market….
Long queues form on Lithuania’s borders with Russia and Belarus after EU sanctions
Following the adoption of European sanctions, entry to Lithuania was denied to 34 trucks from Russia on Monday, 11 July. Long queues are…
Food product price comparison reveals curious differences among Baltic States
In Q2 2022 food product prices increased in all three Baltic States. Food products are more expensive in supermarkets in Riga when compared…
Estonia purchases liquefied gas worth EUR 300 million for heating season
Estonian energy company Eesti Gaas has signed a contract for the purchase of 2 TWh of liquefied natural gas (LNG) to cover the…
Latvia’s FKTK permits Signet Bank and Expobank merge
The Finance and Capital Market Commission (FKTK) has permitted the merge of Signet Bank and Expobank, as confirmed by the commission. The Council…
Inflation in Latvia reaches 19.3%
Compared to June 2021, the average level of consumer prices increased by 19.3 % in June 2022. Compared to June 2021, the average…
Electricity prices in Baltic States in June exceed last year’s levels
The average electricity price in Nord Pool for Latvia, Estonia and Lithuania price zone has increased by more than EUR 100 when compared…
Fuel price policy in Latvia causes concerns for Estonian transport companies
Estonian Logistics and Freight Transport Association and Estonian Automobile Companies Association have voiced concerns about Latvia’s decisions to temporarily lift the requirement for…
