Stockmann sells shopping malls in Riga and Tallinn for EUR 87 million
As part of its restructuring plans, the Finnish retailer Stockmann has sold its shopping malls in Riga and Tallinn to Estonian Viru Keemia…
Category: Business
Lithuania to raise minimum wage and excise on tobacco and alcohol
In Lithuania, in 2022, the minimum wage will grow as will excise tax rates on tobacco products and alcoholic beverages, Lithuanian public broadcaster…
Court: procurement organised by Rīgas meži caused competition distortion
Riga municipality’s enterprise LLC Rīgas meži organised a procurement for mobile communication services in September 2019. One particular condition included for the number…
Latvia’s state budget suffers deficit worth one billion euros
In 11 months of 2021 the deficit of Latvia’s state consolidated budget was EUR 1.03 billion, which is EUR 490.5 million more when…
Estonian government to decide on building new power stations in energy crisis
Amid soaring power prices in the region, the Estonian government will look into a plan by the Estonian Ministry of Economy and Communication…
Latvian mobile communications operators pay a pretty penny for 5G frequency rights
Three Latvian mobile network operators will pay EUR 13.273 million for the rights to use 700 MHz frequency range for their respective 5G…
Week in Lithuania: Seimas increases taxes for lotteries, gambling; inflation estimate goes up
Last week, the top news stories in Lithuania were the tax increase for lotteries and gambling businesses, the Bank of Lithuania increasing its…
Shopping malls experience problems organising workers for weekend shifts
Following the 21 December decision of the Latvian government, which permits all stores in shopping malls to open up for weekends and holidays,…
Latvian Dairy Committee: the situation in the industry is tragic
Because of the rising costs of raw materials and energy resources the situation in the dairy industry is currently tragic, as dairy companies…
