Banks in Latvia freeze approximately EUR 55 million due to anti-Russian sanctions
As of 25 March there were assets worth approximately EUR 55 million frozen in banks in Latvia due to sanctions imposed by the…
Category: Business
War affects Lithuanian real estate market, as bunker on sale in Vilnius
In Lithuania, Russia’s war against Ukraine has affected the real estate market. The segment of basements has become more popular and a private…
Bank of Latvia upgrades inflation outlook to 9.5% for 2022
The Bank of Latvia has upgraded the average inflation outlook for 2022 from the previous 6.1% to 9.5%. For next year the inflation…
Estonians embarked on foreign travel again in 2021
In a sign of Baltic travel recovering from the Covid-19 pandemic and its restrictions, Estonians made 575 000 international trips in 2021, which…
Lithuania open to IT companies from Russia and Belarus
Lithuanian Economy Minister Aušrinė Armonaitė has stated that companies and a large number of workers in Russia and Belarus are looking for ways…
Estonia considering helping to build LNG terminal
Feeling the need to ensure Estonian energy independence, the Estonian government has stated to look into the options of building or investing in…
Latvia to block operations of Russian-based Yandex Go service
Latvian Road Traffic Safety Directorate (CSDD) has decided to annul the registration and permit of website and mobile app service provider Yandex Taxi….
Nestlé speaks of scaling down operations in Russia after Zelenskyy’s criticism
The Swiss food processing giant Nestlé has admitted continuing scaled-down business operations in Russia after criticism from Ukrainian President Volodymyr Zelenskyy, French news…
Bank of Latvia governor says investment activity may suffer a drop due to geopolitical instability
The geopolitical instability that came about after Russia’s invasion of Ukraine may reduce the volume of private investments in Latvia, says governor of…
