European Union may impose Russian oil embargo
The European Commission plans to present a new package of anti-Russian sanctions by Wednesday, 4 May. This new package may include an oil…
Category: Business
Latvijas gāze will not be given a special permit to pay Gazprom for gas in roubles
Latvian Finance and Capital Market Commission (FKTK) does not issue special permits for payments to companies – only to financial institutions whose clients…
Week in Lithuania: Railway company to lay off about 2,000 employees, Estonian logistics centre acquired, Ryanair investing in Kaunas
Last week, the top news in Lithuania were the announcement of a large lay-off at the railway company LTG Cargo, Lithuanian businessmen acquiring…
EU’s single currency drops in value against dollar
This week, the valued of the euro fell below 1.06 US dollars for the first time in five years, British news portal The…
Statistics Estonia reports major turnover increase in in stores selling manufactured goods
According to Statistics Estonia, in March, the turnover of retail trade enterprises was 891 million euros. Compared to March 2021, turnover increased by…
Luminor: war in Ukraine has created more problems for construction than Covid-19 pandemic
During the pandemic the construction sector faced a sharp surge of prices of construction materials, which was due to increased demand, interruptions at…
Latvia’s GDP increases by 5.9%
Compared to Q1 2021, gross domestic product (GDP) increased by 5.9 % in Q1 2022, according to seasonally and calendar non-adjusted data. According…
Bank analysts predict Latvia’s GDP will increase 4.3 – 5% in Q1
It’s possible Latvian gross domestic product (GDP) may have increased by 4.3 – 5% in the first quarter when compared to the same…
Tallinn halts restoration project of grand seaside concert hall
The Estonian capital has opted for putting on hold the restoration project of a large Soviet era concert and congress hall under the…
