Latvia’s government considers temporarily reducing VAT for electricity
The ruling coalition in Latvia has put on the discussion table the topic of temporarily reducing VAT for electricity. The Ministry of Economics…
Category: Business
Week in Lithuania: Vilnius rejects claims of violence against migrants, Lithuania receives support from France
Last week, the top news stories in Lithuania were business deals in Baltic trade and Lithuanian industry, Vilnius rejected claims of violence against…
Train tickets in Estonia to get 9.5% more expensive in 2022
Estonian passenger train operator Elron has announced making train tickets 9.5% more expensive from the new year, Estonian public broadcaster ERR reports. In…
Lithuania’s record inflation affects savings and pay rises, experts evaluate
Eurostat’s estimates that Lithuania has experienced the highest inflation in the euro area – 9.3% – from November 2020 to November 2021, has…
OECD predicts Latvia to have the slowest economic growth among Baltic States
On Tuesday, 30 November, the Organisation for Economic Cooperation and Development (OECD) published a report in which Latvia is predicted to have the…
Average wage increases 10.4% in Latvia
In Q3 2021, the average monthly gross salary in the country for full-time work was EUR 1 280. Compared to Q3 2020, the…
Tallinn café closed for defiance against checking clients’ certificates
The Estonian Health Board has closed a café in Tallinn, which has repeatedly failed to comply with nationwide epidemiological restrictions. The firm has…
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…
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…
