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…
Category: Business
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…
Tallinn café closed for defiance against checking clients’ certificates
The Estonian Health Board has closed a café in Tallinn, which has repeatedly failed to comply with nationwide epidemiological restrictions. The firm has…
Latvian government conceptually passes proposal for 60% reduction of MPC
From 1 January 2022 onward it is planned to reduce the mandatory procurement component (MPC) for electricity by about 60%, as decided by…
Latvia’s GDP increases 5.1% in Q3 2021
In Q3 2021, compared to Q3 2020, gross domestic product (GDP) rose by 5.1 %, according to seasonally and calendar non-adjusted data at…
Mandatory procurement component may drop at least 11% – 47% in Latvia next year
The Public Utilities Commission (SPRK) has decided to approve the mandatory procurement component (MPC) for 1 January 2022 so that depending on electricity…
Considerable increase observed for purchases made on internet stores in Latvia
Compared to October 2020, total retail trade turnover reduced by 2.3 %in October 2021 . Turnover of retail trade in food products grew…
Estonia to invest heavily in renewables, bring power prices down long-term
Estonia organises the reverse auction of 450 GWh of power from renewable energy resources recognising that high energy prices are related to dependence…
BNN ANALYSES | Lithuania’s central bank wary of real estate market’s over-heating, acts to shun burst
Linas Jegelevičius for the BNN The housing loan portfolio of Lithuania’s banks grew at a much faster pace than in any other eurozone…
