Estonia adopts additional budget for defence, energy and refugee needs
In Tallinn, the Riigikogu has adopted Estonia’s supplementary state budget of 878 million euros. The legislators also expressed their continued confidence in the…
Category: Business
Covid-19 pandemic cuts Latvia’s hospitality sector worker numbers by one-third
Over the course of the last two years the number of people employed in Latvia’s hospitality sector has dropped by one-third. The sector…
Renault’s Moscow factory nationalised to build Moskviches
Russia has nationalised the Moscow factory of French carmaker Renault. Moscow city leadership has announced that cars under the Moskvich brand reminiscent of…
Estonian unemployed number down by 9,200 on year
In the first quarter of 2022, the Estonian labour force participation rate was 73.1%, the employment rate was 69%, and the unemployment rate…
Latvia prepared to expand cooperation with Kazakhstan in transit sector
On Friday, 13 May, Latvian Ministry of Transport’s deputy state secretary Uldis Reimanis met with deputy Minister of Industry and Infrastructure Development of…
Grey economy continues growing in all Baltic States
The volume of grey economy in Latvia increased 1.1% last year, reaching 26.6% of the country’s GDP, according to results of Stockholm School…
Estonia to make natural gas reserves equalling 20% of annual consumption
Estonia has committed to stockpiling in its strategic natural gas reserves a volume equalling 20% of the Baltic nation’s annual natural gas consumption,…
Inflation in Latvia reaches 13%
Compared to April 2021, the average level of consumer prices increased by 13.0 % in April 2022. Compared to April 2021, the average…
Estonian hotels see rise in tourist numbers in spring
In March, Estonian tourist accommodation businesses have seen an increase in the number of both internal and foreign tourists, as more than 192…
