Bank of Latvia warns the risk of rooted inflation is very high
The risk of inflation becoming rooted is very high, said Bank of Latvia governor Mārtiņš Kazāks in an interview to TV3 programme 900…
Category: Business
Inflation in Estonia reaches 22.4% in October
In October 2022 inflation in Estonia reached 22.4%, which is a slight drop when compared to the previous month, as reported by Estonian…
What is the wage youngsters in Latvia want to have to afford a «normal life»?
91% of Latvian residents aged 18 to 39 years say that for a decent life in Latvia they need more than EUR 1…
Sales of vehicles with internal combustion engines to cease in Europe in 2035
On Thursday, 27 October, the European Parliament and European Union member states reached an agreement that provides for the cessation of sales of…
Euro value rises above U.S. dollar once again
On 26 October 2022 the value of euro rose above that of U.S. dollar. The drop of value of U.S. dollar when compared…
Minimal wages to increase in Latvia in 2023
In 2023 the minimal wage amount in Latvia will be set at EUR 620. In 2024 it will be set at EUR 700….
Estonian Eesti Gaas to reduce gas price by one euro in December
Estonian Eesti Gaas has plans to reduce the price of natural gas to 1.85 EUR/m3 from the current price of 2.85 EUR/m3, as…
Lithuanian supermarkets gradually phase out Russian and Belarusian goods
Following the start of the invasion of Russian forces in Ukraine in February, Lithuanian supermarkets decided to phase out Russian and Belarusian goods….
Electricity tariffs may more than quadruple in Latvia, system operator warns
The tariffs of Latvian power transmission system operator Augstsprieguma tīkls JSC (AST) may increase 4.3 to 4.9 times starting with 1 March 2023,…
