Bank of Latvia downgrades country’s economic growth outlooks
Latvia’s central bank has downgraded the GDP growth outlook for 2021 from 5.3% to 4.6%. At the same time, the bank has downgraded…
Category: Business
Latvian parliament rejects opposition deputies’ proposal to temporarily reduce VAT for electricity
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
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
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
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
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
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
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
In the Baltic Sea, to the south from Sweden, two cargo ships have collided. A Danish ship has turned over apparently after hitting…
