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Category: Business

Latvian parliament rejects opposition deputies’ proposal to temporarily reduce VAT for electricity

16.12.2021 Ogres

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

15.12.2021 Ogres

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

15.12.2021 Ogres

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

15.12.202115.12.2021 Ogres

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

14.12.2021 Ogres

Soon the Saeima will pass in the final reading the legislative draft on the Law on Ports, which has been under discussions for…

Economist: 64% of employees of small businesses in Latvia receive unofficial bonuses

14.12.202114.12.2021 Ogres

Approximately 64% of employees of small businesses with up to 20 employees receive different kinds of unofficial bonuses, as concluded in a study…

Estonian pulp mill temporarily stops production over soaring energy prices

14.12.2021 Ogres

In Estonia, one of the country’s leading industrial companies, AS Estonian Cell pulp mill, has temporarily stopped production over record high energy prices…

Danish and British ships collide in Baltic Sea

13.12.202113.12.2021 Ogres

In the Baltic Sea, to the south from Sweden, two cargo ships have collided. A Danish ship has turned over apparently after hitting…

Latvia’s foreign trade turnover up considerably in 2021

10.12.2021 Ogres

In October 2021 the foreign trade turnover of Latvia amounted to EUR 3.39 billion, which at current prices was 23.5 % larger than…

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