Latvian VID uncover more than 400 attempts to breach sanctions against Russia and Belarus
The State Revenue Service (VID) uncovered more than 400 cases when individuals attempted to breach the sanctions imposed on Russia and Belarus, as…
Category: Business
Latvian government cancels mandatory biofuel mixing for 1.5 years
On Tuesday, 14 June, when approving amendments to Cabinet of Ministers requirements on fuel and diesel fuel compliance evaluation, the government decided to…
Week in Lithuania: Opposition MPs quarrel with ruling parties; Finance Ministry calls for suspension of Russia’s World Bank membership
Last week, the top news in Lithuania were Opposition MPs quarrelling with the ruling coalition, the Finance Ministry calling for suspension of Russia’s…
Bank of Latvia upgrades country’s GDP growth to 2.9% for 2022
The Bank of Latvia has upgraded the country’s GDP growth outlook for 2022 from the previous 1.8% to 2.9%, according to the bank’s…
BNN ANALYSES | Lithuania’s inflation spirals out, but IMF placates – it should recede by the end of 2022
Linas Jegelevičius for the BNN The International Monetary Fund’s (IMF) latest mission has praised the Lithuanian government’s efforts to curb record-high EU-wide inflation…
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…
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…
