Latvian government plans to compensate residents for increased electricity costs
The state plans to compensate 50% of electricity system service costs for end users. This support will remain in force until the end…
Category: Business
Unemployment in Latvia up slightly in November
In November 2021 actual unemployment rate comprised 7.1 %, which is 0.4 percentage points more than in October. The unemployment rate for males…
Estonia sees electricity price surge from Sunday to Munday
Electricity price for the Estonian price area in the Nord Pool exchange is expected to reach an average of EUR 269.82 on Monday,…
Bank of Latvia downgrades country’s economic growth outlooks
Latvia’s central bank has downgraded the GDP growth outlook for 2021 from 5.3% to 4.6%. At the same time, the bank has downgraded…
Latvian parliament rejects opposition deputies’ proposal to temporarily reduce VAT for electricity
On Thursday, 16 December, Latvia’s parliament rejected legislative drafts from two opposition deputies that provided for temporarily reducing value added tax (VAT) for…
Lithuanian bakeries active in making Christmas cake – šakotis
The southern Baltic country, Lithuania, has a Christmas specialty of its own – šakotis. The sweet and hard cake, which is good for…
Vilnius Airport expected to accommodate 10 million passengers after reconstruction
The reconstruction of the Vilnius Airport is nearing its end. The Lithuanian transport hub will sport a new runway and departure terminal, Lithuanian…
Estonians leaving second pension pillar increase October tax revenue
Amid reduced consumption over high inflation and surge in energy prices, Estonia has registered a surge in tax revenue in October, which has…
BATL chairman: businessmen are responsible for their business and the people working for them
Soon the Saeima will pass in the final reading the legislative draft on the Law on Ports, which has been under discussions for…
