OPINION | Europe starts battling inflation, but no quick victory should be expected
Citadele Bank’s opinion This week the European Central bank (ECB) made a historic decision – the base interest rates were increased in the…
Category: Business
Survey: every sixth Latvian resident has received a raise thanks to price rise compensation
As a result of efforts to compensate the rapidly growing everyday expenses, 16% of Latvian residents have received a raise. Most of those…
Latvian court receives criminal case involving multiple ABLV Bank employees accused of money laundering
The prosecutor’s office has submitted a new criminal case to a court of law in Latvia. In it multiple former ABLV Bank managing…
Latvia’s budget deficit above EU’s average in Q1 2022
In Q1 2022 Latvia’s general government budget deficit ratio to GDP was higher than the average in the European Union, according to data…
Lithuania to consider terminating business ties with Russia
Lithuania’s Seimas Committee on National Security and Defence (NSGK) plans to review the initiative on banning business relations with Russia, as confirmed by…
Declaration of state of emergency over gas requested in Estonia
Estonian local government association believes there are severe natural gas supply disruptions in the country and that the current market measures cannot provide…
Tourism in Latvia recovers bit by bit, but pre-pandemic remain out of reach
In May 2022 the number of non-residents and residents at tourist accommodation establishments accounted for 165.3 thousand, which is 2.3 times more than…
Latvian parliament officially bans supplies of natural gas from Russia
On Thursday, 14 July, Latvian Saeima passed in the final reading amendments to the Energy Law that impose a ban on imports of…
With rent prices up, Lithuania offers adopting price ceiling
Apartment rent in Lithuania’s biggest cities continues rapidly going up. As a result, students especially could be pushed from the housing rental market….
