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…
Category: Business
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…
Economists say Latvia’s economy may become worse
In the second half of the year Latvia’s economy may become worse, and the coming years are promised to be challenging, according to…
Latvia’s GDP up 6.7% in first quarter of 2022
Compared to Q1 2021, gross domestic product (GDP) rose by 6.7% in Q1 2022, according to seasonally and calendar non-adjusted data at constant…
Average gross wage in Latvia calculated at EUR 1 297
In Q1 2022 the average gross wages and salaries for full-time work in the country amounted to EUR 1 297. Compared to Q1…
