Tallink passenger numbers dropped by 20.6% last year, while cargo volumes increased
Shipping giant Tallink Grupp transported 2,961,975 passengers in 2021, which was a decrease by 20.6% compared to the first year of the pandemic….
Category: Business
Electricity price in Latvia down 55% last week
Last week the electricity price in Latvia decreased by 55% to 111.68 EUR/MWh, as reported by JSC Latvenergo representative Ivita Bidere. The price…
Inflation in Turkey reaches 36%
Yearly inflation in Turkey reached 36% in December, pointing serious difficulties in the large economy of the NATO member state, British public broadcaster…
Bank of Latvia governor: inflation should decrease in the second half of 2022
Inflation in Latvia should decrease in the second half of the year, said Bank of Latvia Governor Mārtiņš Kazāks in an interview to…
Opinion | Latvian government doesn’t think about budget deficit, it thinks about destroying transit sector
Opinion piece Both the state budget deficit and Latvia’s external budget suffered an avalanche-like surge during the term of the government of Prime…
Opinion | Latvian government doesn’t think about budget deficit, it thinks about destroying the transit sector
Opinion piece Both the state budget deficit and Latvia’s external budget suffered an avalanche-like surge during the term of the government of Prime…
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…
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…
