Electricity price up by one-fifth in November, down by half last week in Latvia
In November 2022 the average electricity price, when compared with October, increased by 20%, according to Latvenergo Electricity Market review. Last week the…
Heavy fighting in eastern Ukraine, Russia revenges for sanctions
Russian forces are engaged in a fierce battle near the heavily devastated Bakhmut in eastern Ukraine, but the situation is mostly unchanged and…
War in Ukraine: Moscow demands concessions to its requirements
On the 26th of December Russian Foreign Minister Sergey Lavrov issued an ultimatum to Ukraine, which includes giving all currently occupied territories to…
INDEXO submits application for banking licence
Investment Management Joint-Stock Company (IPAS) INDEXO has submitted a request to the Finance and Capital Market Commission (FKTK) for a banking licence, as…
Taiwan extends compulsory military service
Taiwan will extend the duration of compulsory military service from four months to one year in 2024, writes Reuters. Taiwan’s President Tsai Ing-wen…
Latvia’s Ministry of Finance warns the country is on brink of energy crisis
After two difficult years of Covid-19 the year 2022 commenced in Latvia with hopes for restoration of some order. This, unfortunately, never happened….
Online scammers go back to phishing methods using internet search engines
Scammers have once again become active with various phishing schemes to acquire personal data from clients of credit institutions using special fake advertisement…
The highest level of readiness declared for the Serbian army
Already strained relations between Kosovo and Serbia have become even sourer, and Serbia has announced that its army is now shifted to combat…
Every fifth respondent in Latvia feels growth of Euribor rate
In 2022 there was a significant increase of Euribor or European interbank market rate, which increased all monthly loan repayment amounts. According to…
