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Category: Business

Expert: it would be a good idea for Latvia’s half-empty sea ports to take over freights from Belaruskali

22.12.2021 Ogres

Opinion piece. It would be economically beneficial for our [Latvian] half-empty sea ports to take over Belaruskali freights from Lithuania. It would prove…

Latvian government plans to compensate residents for increased electricity costs

21.12.202121.12.2021 Ogres

The state plans to compensate 50% of electricity system service costs for end users. This support will remain in force until the end…

Unemployment in Latvia up slightly in November

21.12.2021 Ogres

In November 2021 actual unemployment rate comprised 7.1 %, which is 0.4 percentage points more than in October. The unemployment rate for males…

Estonia sees electricity price surge from Sunday to Munday

20.12.2021 Ogres

Electricity price for the Estonian price area in the Nord Pool exchange is expected to reach an average of EUR 269.82 on Monday,…

Bank of Latvia downgrades country’s economic growth outlooks

17.12.202117.12.2021 Ogres

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…

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…

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