Latvian government conceptually passes proposal for 60% reduction of MPC
From 1 January 2022 onward it is planned to reduce the mandatory procurement component (MPC) for electricity by about 60%, as decided by…
Category: Business
Latvia’s GDP increases 5.1% in Q3 2021
In Q3 2021, compared to Q3 2020, gross domestic product (GDP) rose by 5.1 %, according to seasonally and calendar non-adjusted data at…
Mandatory procurement component may drop at least 11% – 47% in Latvia next year
The Public Utilities Commission (SPRK) has decided to approve the mandatory procurement component (MPC) for 1 January 2022 so that depending on electricity…
Considerable increase observed for purchases made on internet stores in Latvia
Compared to October 2020, total retail trade turnover reduced by 2.3 %in October 2021 . Turnover of retail trade in food products grew…
Estonia to invest heavily in renewables, bring power prices down long-term
Estonia organises the reverse auction of 450 GWh of power from renewable energy resources recognising that high energy prices are related to dependence…
BNN ANALYSES | Lithuania’s central bank wary of real estate market’s over-heating, acts to shun burst
Linas Jegelevičius for the BNN The housing loan portfolio of Lithuania’s banks grew at a much faster pace than in any other eurozone…
Latvia’s Top 101 most valuable enterprises
The total worth of the businesses included on the Top 101 list reached EUR 22.5 billion in 2021. Compared to last year’s list,…
Association: rise of energy resource prices may increase car service prices up to 20%
The rise of energy resource prices will increase the cost of car service prices 10-20%, predicts the manager of the Automotive Association of…
Number of passengers serviced by Riga airport remains low when compared to 2019
In October 2021 passenger turnover at Riga International Airport comprised 351 thousand passengers, which is 3.9 times more than in October 2020 and…
