European Commission permits Latvia to invest in airBaltic’s base capital
On 21 December the European Commission permitted Latvia’s government to invest EUR 45 million into the country’s national airBaltic airline’s capital, as confirmed…
Category: Business
Expert: it would be a good idea for Latvia’s half-empty sea ports to take over freights from Belaruskali
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
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
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
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
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
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…
