European Central Bank raises interest rate for the first time in 11 years
On Thursday, 21 July, the European Central Bank (ECB) raised the base interest rate, making it the first time in the last 11…
Survey: every sixth Latvian resident has received a raise thanks to price rise compensation
As a result of efforts to compensate the rapidly growing everyday expenses, 16% of Latvian residents have received a raise. Most of those…
Lavrov warns Russian forces will go even further
Russian armed forces in Ukraine are no longer focused on «solely» on the neighbouring country’s eastern territories, because supplies of western arms have…
ATD director says Latvia’s public transport fare policy needs overhauling
The public transport fare tariff policy needs overhauling. However, when working on it, it is important to keep in mind residents’ purchasing power…
Latvian court receives criminal case involving multiple ABLV Bank employees accused of money laundering
The prosecutor’s office has submitted a new criminal case to a court of law in Latvia. In it multiple former ABLV Bank managing…
Nord Stream: Russia’s main pipeline resumes supplying gas to Europe
Russia has resumed gas supplies to Europe using its biggest gas pipeline Nord Stream 1 after warnings that gas supplies may become limited…
Importing certain goods from Russia and Belarus to Latvia is permitted, but there are strict rules
It is permitted for residents in Latvia to import certain excise goods from Russia and Belarus without paying the tax, but only once…
BNN ANALYSES | Reality check can be harsh after the summer lull passes
Linas Jegelevičius Although summer lulls everybody, the coming months of autumn and winter in Lithuania and elsewhere will perhaps inevitably sink all of…
Electricity prices to peak in Latvia this evening
According to information from Nord Pool, this evening, 21 July, electricity prices in Latvia will reach their all-time peak. Average price of electricity…
