Category
Economy
German hypermarket chain Globus keeps expanding in Russia while other foreign firms face temporary management
German hypermarket chain Globus continues opening stores in wartime Russia and has so far avoided the temporary management imposed on several foreign companies. Its main owner, Thomas Bruch, openly calls for dialogue with Moscow.
Meduza · 36 min ago
The Home Depot Starts Early Black Friday Sales, With Up to $1,250 Off Appliances
US home improvement retailer The Home Depot has launched early Black Friday discounts on large and small appliances. The deals cover refrigerators, vacuums, laundry equipment and more.
Wired · 36 min ago
Qantas to cut 850 Australian jobs and shift some work to India
Australian airline Qantas plans to eliminate 850 local jobs and move some services to India under a multi-year deal with consulting firm Accenture. It is the third major corporate layoff plan announced in Australia within three weeks.
The Guardian World · 37 min ago
Qantas to outsource 850 jobs to Accenture, most moving to India
Australian airline Qantas will outsource 850 corporate jobs to consulting firm Accenture, with most roles moving to India. The company is speeding up investment in AI and the modernisation of its IT systems.
BBC World · 38 min ago
Danish court fines Nordea bank €20.7 million over anti-money laundering violations
A Copenhagen court on 9 November fined the Nordic bank Nordea €20.7 million after a jury found it guilty of several breaches of anti-money laundering rules. The penalty is far below the €883 million sought by prosecutors.
Dienas Bizness · 4 h ago
Latvia's electricity exchange price jumps in November, reaching 80 cents per kilowatt-hour
Latvia's electricity exchange price in early November more than doubled compared with October, and in the evening peak hour on 9 November it reached 80 cents per kilowatt-hour. Experts link the rise to expensive gas, colder weather and weak wind and solar output.
LSM (rus) · 4 h ago
Baltic Electricity Prices Surge in Early November, Latvia's Daily Average Tops €400 per MWh
Wholesale electricity prices in the Baltic states rose sharply in early November, with Latvia's daily average reaching €414 per megawatt-hour on Monday. Companies and the regulator cite lower wind and solar output, higher demand and costlier natural gas.
BNN · 5 h ago
Russian Travel Industry Seeks Government Help as Maldives' Largest Bank Returns Russian Payments
The Russian Union of Travel Industry has asked the government to open talks with Maldivian authorities, because the Maldives' largest bank has been returning payments from Russian tourists since Oct. 18. The volume of delayed or returned payments is estimated at about $2 million.
The Moscow Times · 8 h ago
Delfi Business Roundup for 9 November: From Olive Oil to Ryanair Changes
The Latvian news portal Delfi published a roundup of business and economy news for Latvia and the world on 9 November. It mentions rising electricity prices, changes for Ryanair passengers and an investigation involving a company chief executive.
Delfi · 10 h ago
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Latvia's electricity price rose 50% last week to €265 per megawatt-hour
The average electricity price in Latvia on the Nord Pool exchange rose 50% last week to €265.46 per megawatt-hour, according to Latvenergo. Higher energy prices, rising demand and a sharp drop in imports from Sweden contributed.
TVNET · 10 h ago
Fuel prices in Portugal drop by up to 9.5 cents on Monday
On 9 November, petrol in Portugal became 9.5 cents cheaper and diesel 9 cents cheaper. The fall was smaller than forecast because the government reduced an extraordinary discount on the petroleum products tax.
Euronews Business · 10 h ago
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Electricity prices surge in the Baltics: Latvenergo explains why
Electricity prices in the Baltic states have risen sharply in early November, with Latvia's average exchange price reaching 414 euros per megawatt-hour on Monday. State energy company Latvenergo and grid operator AST attribute the rise to lower renewable output, costlier fuels and limited interconnection capacity.
Apollo.lv · 12 h ago
airBaltic signs new aircraft leasing deal with Lufthansa Group
Latvian airline airBaltic has agreed with Lufthansa Group to lease Airbus A220-300 aircraft with crew: up to six in summer and four in winter. The deal supports more balanced capacity planning under the company's new business plan.
Dienas Bizness · 13 h ago
Creditor: Amber Latvijas balzams delays decisions on its future as finances worsen
Auditor BDO has declined to issue an opinion on the accounts of Amber Latvijas balzams, the maker of Riga Black Balsam, and a decision on the company's future after a failed legal protection process has been postponed. Creditor MBO Beverages is urging management and shareholders to act.
Dienas Bizness · 14 h ago
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Creditor: Amber Latvijas Balzams Keeps Cutting Output as Tax Debt Hits €31.77 Million
Latvian spirits producer AS Amber Latvijas Balzams is continuing to scale back production, and its tax debt has reached €31.77 million, according to creditor SIA MBO Beverages. Shareholders on 3 November postponed a decision on the company's future, including on starting insolvency proceedings.
TVNET · 14 h ago
Latvian Futures Event Discusses How AI Can Help Small Countries Compete
At the “Futures Afternoon 2026” event, speakers discussed how artificial intelligence and digital transformation could strengthen Latvia's competitiveness. Malta's digitalisation experience featured prominently.
Dienas Bizness · 15 h ago
Publisher Dienas Bizness receives Recovery Fund support for digital transformation
On 9 January 2025, the Latvian publisher Dienas Bizness signed a contract with the Central Finance and Contracting Agency for Recovery Fund support to modernise its media processes. The project aims to digitally transform the titles Dienas Bizness and Dienas Žurnāli.
Diena · 15 h ago
Park Rae logistics park near Tallinn marks topping-out of first building
East Capital Real Estate held a groundbreaking and topping-out event on 6 November at its Park Rae logistics park near Tallinn, Estonia. Once fully built, it is set to become the largest logistics and light industrial park in the country.
Dienas Bizness · 16 h ago
Latvian Competition Council clears INVL fund's purchase of Lithuanian fish processing firms
Latvia's Competition Council (KP) has approved a merger in which the investment fund INVL Private Equity Fund II will acquire fish processing companies in Lithuania. The regulator concluded that market structure would not change significantly and competition would not be reduced.
Dienas Bizness · 18 h ago
Latvia's 2026 startup industry awards presented
Awards for Latvia's startup sector were presented in seven categories, honouring Amorphous Health, Origin Robotics, Deep Space Energy, SUBmerge Baltic, Convershake, Outvoicer and founder Kristofs Blaus.
Dienas Bizness · 20 h ago
Estonia's wholesale electricity price rose 57% in a week
The average electricity price in Estonia's zone of the Nord Pool exchange reached 18.7 cents per kilowatt-hour between 2 and 8 November, up 57% from the previous week. Prices in Latvia and Lithuania were higher, while Finland's were far lower.
ERR (rus) · 21 h ago
Latvia's Rural Support Service Opens Applications for Nearly €60 Million in Farm Development Aid
Latvia's Rural Support Service (LAD) is accepting project applications until 9 December under several EU co-funded farm development measures. Total available funding is nearly €60 million.
Dienas Bizness · 21 h ago
MONUM: Nearly 40% of Promenade Houses Apartments in Riga Reserved
Latvian construction firm MONUM is acting as both developer and builder for the first time, and by August almost 40% of the 160 apartments in its Promenade Houses project in Riga were reserved. In an interview, the company also discussed market trends and projects outside Riga.
Dienas Bizness · 22 h ago
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Latvian Manufacturers Are Boosting Output Even as the Decade Has Been Marked by Economic Stagnation
Latvian news portal TVNET's business section asks whether Latvia's industry and economy have reached a new reference point. The author describes this decade as one of stagnation, yet says manufacturers have managed to raise their output.
TVNET · 9 Nov, 04:13
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Low-price store "Abrands" opens in former "Sky" supermarket in Mežciems
A low-price store called "Abrands" has started operating in Mežciems, in a former "Sky" supermarket. TVNET+ checked whether groceries there are really cheaper than at other retail chains.
TVNET · 9 Nov, 02:13
Latvia's electricity price to reach 49.72 cents per kWh with VAT on Monday
On 9 November, Latvia's average exchange electricity price will be about 49.72 cents per kilowatt-hour including VAT, nearly four times the level of 5 November. The most expensive hour will be in the evening, from 6 pm to 7 pm.
Latvijas Avīze · 8 Nov, 22:10
Karins: Overly Tight "Belt-Tightening" Could Stifle Latvia's Growth
Karins, senior adviser on geopolitics at the international agency Kreab, warns that excessively strict cuts to state spending could halt Latvia's economic growth. He cited foreign direct investment reaching one billion euros and projected GDP growth of around 2.5% this year.
Apollo.lv · 8 Nov, 16:11
Egypt announces new Mediterranean gas discovery estimated at 200 billion cubic feet
Egypt has found a new natural gas deposit in the Mediterranean, initially estimated at about 200 billion cubic feet. Cairo hopes it will boost domestic output and cut reliance on imports.
Euronews Business · 8 Nov, 15:11
Latvia Lags on Renewable Energy Path: Buying Statistics Could Cost Up to €136 Million
Latvia's Ministry of Climate and Energy has drafted rules on flexibility mechanisms for renewable energy commitments. If Latvia missed its 2030 target, purchasing renewable energy statistics could cost between €44.1 million and €136.3 million.
BNN · 8 Nov, 10:10
Czech arms makers look to space defense to sustain Ukraine-driven boom
Czech arms maker CSG has bought a stake in Canadian space technology firm MDA Space as it tries to sustain the boom fueled by the war in Ukraine. The country's defense industry remains heavily dependent on exports.
Deutsche Welle · 8 Nov, 01:12