Bank of Latvia governor: inflation should decrease in the second half of 2022
Inflation in Latvia should decrease in the second half of the year, said Bank of Latvia Governor Mārtiņš Kazāks in an interview to…
Category: Business
Opinion | Latvian government doesn’t think about budget deficit, it thinks about destroying transit sector
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
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
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
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
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
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
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
Three Latvian mobile network operators will pay EUR 13.273 million for the rights to use 700 MHz frequency range for their respective 5G…
