Rail Baltica Estonia chief: the project will not be ready by 2026
Although construction Rail Baltica railway line is already underway in all three Baltic States, it is not possible to accomplish the project in…
Category: Business
LPUF: growth of food prices will continue in Latvia
The situation in the food production sector is critical. The reason is because growth is observed on all positions of expenditures. This means…
Retail trade volume in Latvia up 3.7%
Compared to August 2020, total retail trade turnover rose by 3.7 %in August 2021. Turnover of retail trade in food products declined by…
PHOTO: the long-awaited opening of Lidl in Latvia
Food products, household goods, low prices, new products – just some of the reasons why Latvians have awaited the opening of Lidl chain…
Latvian government agrees to reduce VAT for books and printed press to 5%
Books and printed press will be applied with Value Added Tax (VAT) of 5% from now on, as decided by Latvia’s government. VAT…
Bank of Latvia upgrades GDP growth outlook to 5.3% for 2021
The Bank of Latvia has upgraded the GDP growth outlook from 3.3% to 5.3% for 2021, as confirmed by the central bank’s Monetary…
Lidl chain store finally announces opening date in Latvia
Chain store company Lidl has announced plans to open 15 stores in Latvia on Thursday, 7 October. Lidl will open stores in Riga,…
Lithuanian company fined USD 6.1 million for involving western actor in CBD advertising
A court in the US has ordered Lithuanian company Mediatonas to pay 6.1 million US dollars (5.25 million euros) for unauthorised use of…
Baltic States plan to agree on unified mechanism to secure stable gas supplies
Latvia, Lithuania and Estonia plan to reach an agreement on a single mechanism to secure gas supplies, according to legislative acts passed by…
