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Category: Business

Opinion | Latvian government doesn’t think about budget deficit, it thinks about destroying transit sector

30.12.202130.12.2021 Ogres

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

30.12.2021 Ogres

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

30.12.202130.12.2021 Ogres

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

29.12.2021 Ogres

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

29.12.2021 Ogres

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

28.12.2021 Ogres

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

28.12.202128.12.2021 Ogres

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

27.12.2021 Ogres

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

25.12.202125.12.2021 Ogres

Last week, the top news stories in Lithuania were the tax increase for lotteries and gambling businesses, the Bank of Lithuania increasing its…

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