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"We must learn from our mistakes, not look for someone to blame!" The head of the Bank of Latvia on why the Latvian economy is lagging behind its neighbors
Latvia's economy is currently weaker than expected, and this is largely due to weak development in Europe as a whole. However, this does not mean that we should just sit and wait for export markets to recover, Bank of Latvia President Martins Kaz…
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A proposal will be prepared to introduce a reduced VAT rate for energy-efficient new housing
The Bank of Latvia and the Real Estate Developers Alliance have agreed to prepare a proposal to introduce a reduced value added tax (VAT) rate for energy-efficient new homes, representatives of the NĪAA told LETA.
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Latvia borrowed 600 million euros on international financial markets
Last week, Latvia borrowed 600 million euros on international financial markets, according to data from the State Treasury.
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AirBaltic signs 17-year engine maintenance contract with Pratt&Whitney
Latvian national airline airBaltic and aircraft engine manufacturer Pratt&Whitney have signed a long-term comprehensive EngineWise maintenance agreement for the company's PW1500G GTF-powered aircraft.
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Cuts, sales and falling share prices: How is Swedish giant Telia doing?
Telia, the largest telecoms player in Scandinavia and the Baltics, which also partially controls the strategically important Tet and Latvijas Mobilais Telefons (LMT) for Latvia, has had mixed fortunes in recent years. The company’s share price, altho…
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"Hello, there is a snake in your parcel!" What do residents of the Baltic countries send through parcel terminals, and what is prohibited from being sent
It has been noticed that depending on the season, both the delivered goods and the customers’ habits change. And sometimes you can find really surprising contents in the parcels. For example, snakes and other exotic animals. What goods are most often…
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With climate change, grapes have started to grow better in Latvia
There are currently about 500 different varieties of grapes grown in Latvia. There are large and sweet fruits, as well as less tasty varieties that are suitable for making drinks. Warm weather creates good conditions for a fruitful harvest, reports r…
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This week, VID will begin sending letters to those whose declared income does not match their invoices.
This week, the State Revenue Service (SRS, VID) will start sending letters to those residents whose bank account receipts and declared income do not match, according to information available to the service, LSM+ reports with reference to Latvian Radi…
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Gauss: airBaltic plans expansion at Vilnius Airport
Latvian national airline airBaltic promises to continue its expansion in Vilnius and increase both the number of aircraft based there and the list of destinations offered, airBaltic President and CEO Martin Gauss said.
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"We Must Be Brave." Head of the Bank of Latvia on Why Latvia's Economy Is Lagging Behind Its Neighbors
Latvia's economy is currently weaker than expected, and this is largely due to weak development in Europe as a whole. However, this does not mean that we should just sit and wait for export markets to recover, Bank of Latvia President Martins Kaz…
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First small IKEA store to open in Baltics
IKEA continues to expand and will open the first small IKEA store in the Baltics. The new concept customer service location will be the first of its kind in the region and will open in Pärnu in the summer of 2025.
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Inčukalns underground gas storage facility is 75% filled with natural gas
By mid-September, 18.6 terawatt-hours of natural gas had been pumped into the Inčukalns underground gas storage facility, which is 75% of its volume, said Uldis Bariss, Chairman of the Board of the gas transportation and storage system operator JSC C…
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The most powerful solar power plant in Aizkraukle region has started operating. There will be sheep there too
In Koknese Parish, Aizkraukle Municipality, the largest solar power plant in the region to date, Kokneses SES, has started producing green electricity. With an installed capacity of 5.3 MW, it will annually produce at least 5,200 MWh of renewable ene…
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The Most Favourite Brands in the Baltics Have Been Named. Delfi Is First in the Media Brand Category in Latvia and the Baltics
On September 20, the Baltic Brand Forum, the most influential event in the marketing industry, announced the list of the most beloved brands in the region. Swedbank was named the most beloved brand in Latvia, and Delfi won in the media brand category…
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Fuel price trends vary in Baltic capitals
During the past working week, various trends in fuel prices were observed in the capitals of the Baltic States, according to data from the LETA agency.
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Rail Baltica: Vilnius to have two underground railway lines
During the installation of Rail Baltica in Vilnius, two underground railway sections are planned to be opened. One will appear at Vilnius Airport, and the other – in Verkhniye Paneriai, writes the portal madeinvilnius.lt
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PHOTO: Omniva Opens Largest Logistics Center in the Baltics
Logistics company Omniva Group has opened the largest logistics centre in the Baltics. It is located in Kaunas, Lithuania. The new facility will significantly increase the sorting capacity of local and international parcels.
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PHOTO: The state failed to sell the Moscow House on the first try. The price will be reduced
The first auction for the sale of the Moscow Cultural and Business Centre (better known as the Moscow House), located at Marijas Street 7 in Riga, was unsuccessful. Potential investors were not interested in the property. In connection with this, the…
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Bankruptcy proceedings initiated against payment company Kevin EU
On Thursday, a Lithuanian court decided to open bankruptcy proceedings against the payment company Kevin EU, which has encountered financial problems, 15min.lt reports. The Lithuanian fintech company operates under the brand "kevin". The co…
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airBaltic and British Airways to Expand Cooperation Flight Agreement
Latvian national airline airBaltic and British national airline British Airways will expand their cooperation flight agreement.
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