OECD predicts Latvia to have the most rapid economic growth among Baltic States
In its report published on Wednesday, 8 September, the Organisation for Economic Cooperation and Development (OECD) predicted Latvia to experience the most rapid…
Category: Business
Estonia discussing fuel tax cuts
In Estonia, the proposal to cut petrol excise tax rate to EU’s lowest level has reached second reading as it could result in…
Inflation in Latvia reaches 16.9% in May
Compared to May 2021, the average level of consumer prices increased by 16.9 % in May 2022. Compared to May 2021, the average…
Electricity price in Latvia up 239% over the course of the year
The average electricity price in May 2022 increased to 164.20 EUR/MWh in Latvia’s region. This is 50.1% more when compared to April and…
Economist: monthly mortgage loan payments may increase by 10-20% in Latvia
Over the course of the past 12 months consumer prices in Europe have increased at a rate not seen in the previous eight…
Housing in Lithuania overvalued by 10%, says central bank
In the housing market of Lithuania, prices are exaggerated by ten percent amid a set of crises facing the economy, the Bank of…
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…
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…
