Ventspils has «three sea ports» – this is not good for entrepreneurship
From ancient history we know a triumvirate is not the best form of governance. The Roman Empire tried it twice and in both…
Category: Business
Estonia records 8.8% inflation in November year on year
The Bank of Estonia has registered an 8.8% inflation year-on-year in November, while from October 2021 it gas increased by 1.8%. A cold…
Baltic states engaged in bringing new themes to redesign euro
The European Central Bank (ECB) has launched a process to find themes for redesigning the banknotes of the euro. Representatives of the three…
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…
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…
