Housing availability down, price rise fails to deter residents from purchasing dwellings
Q2 of 2022 was unfavourable for Latvian residents purchasing dwellings – housing availability is down across all Baltic States. According to Swedbank economist…
Latest events in Ukraine | America to act «decisively» if Russia uses a tactical nuclear weapon in Ukraine
The U.S. reacted to threats Russian president’s warning that he could use all weapons systems available to him if he considered Russia’s territorial…
Sewage monitoring indicates a surge of Covid-19 spread in Latvia
Sewage monitoring data for some of Latvia’s cities indicates an increase of coronavirus concentration, which indicates a surge of the spread of Covid-19,…
BNN summary of the week: Mobilisation in Russia. More support. Electricity
This week Russian President Vladimir Putin announced a partial mobilisation in the country. He also accused the western world, saying that it threatens…
Week in Lithuania: Seimas approves zero VAT on heating for two seasons, a proposal on new minimum wage tabled
Last week, President Nausėda missed Ukraine war theme in UN chief’s speech, Lithuanian, and Polish soldiers’ joint grave found. Court rules on BKT…
Bank of Latvia upgrades GDP growth outlook to 3% for 2022
The Bank of Latvia has upgraded the country’s GDP growth outlook for 2022 from the previous 2.9% to 3%, as reported by the…
BNN ASKS | Electricity – why is it the way it is?
«How is the electricity price formed? Why is it so high on the exchange? When will it go down? Will the state support…
Saeima approves legislative draft for Latvian language as the only official language in Latvia
On Thursday, 22 September, Latvia’s parliament conceptually approved the legislative draft that recognises Latvian language as the sole official language in the country….
Bank of Latvia governor promises economic recession will not be as deep as it was in 2008
There will be an economic decline or recession, but it will be shallow, said Bank of Latvia governor Mārtiņš Kazāks in an interview…
