Category
Economy
European Parliament approves trade agreement with the US
The European Parliament on Tuesday gave its final approval to a trade agreement with the US, with 440 votes in favor, 151 against, and 50 abstentions.
Dienas Bizness · 20 min ago
Four European Industrial Giants Demand Suspension of EU ETS
Four of Europe's largest steel and chemical groups – ArcelorMittal, ThyssenKrupp, Voestalpine and BASF – have called for an immediate halt to the EU Emissions Trading System (ETS), arguing it is too costly and no longer reflects global realities.
Politico Europe · 2 h ago
Production of switches begins for Rail Baltica project in Lithuania
The implementers of the Rail Baltica project in the Baltic states have signed contracts for the supply of switches and rail expansion joints. The Austrian company voestalpine Railway Systems has been selected as the manufacturer.
Dienas Bizness · 2 h ago
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Bank of Latvia Cuts GDP Growth Forecast for 2026 to 2%
The Bank of Latvia lowered this year's GDP growth projection from 2.8% to 2%, citing external shocks and geopolitical uncertainty as key factors.
Apollo.lv · 3 h ago
Latvia's Central Bank Lowers GDP Growth Forecasts; Consumption Recovery Postponed
The Bank of Latvia has cut its GDP growth projections for 2026-2028, citing external shocks and geopolitical uncertainty.
BNN · 3 h ago
Bank of Latvia Revises Forecasts: Inflation to Rise Faster, GDP Slower
The Bank of Latvia has lowered its GDP growth forecasts for this year and the next two years, while raising inflation forecasts compared to last December's projections.
LSM (rus) · 3 h ago
Bank of Latvia Revises Macroeconomic Forecasts Downward
The Bank of Latvia has lowered GDP growth and adjusted inflation forecasts, mainly due to geopolitical tensions in the Middle East, while the ECB raised interest rates.
Dienas Bizness · 4 h ago
Japan's central bank raises interest rates to highest level since 1995
The Bank of Japan on Tuesday raised its benchmark interest rate to 1 percent, the highest since 1995, citing price pressures stemming from the US-Israel war on Iran.
Al Jazeera · 4 h ago
Bank of Latvia Lowers GDP Forecast; Growth This Year at 2%
The Bank of Latvia has cut its GDP growth projection for this year to 2% and lowered forecasts for subsequent years due to external shocks.
Dienas Bizness · 4 h ago
Farm 'Pērles A.A.J.' invests over €212,000 in new feed preparation equipment
Agricultural company 'Pērles A.A.J.' has purchased a modern multifunctional machine for more than €212,000, replacing three outdated units. The investment, financed by Citadele Leasing, aims to improve feed quality, reduce losses, and promote sustainable farming.
Dienas Bizness · 6 h ago
Transit Business: Latvia's Loss, Russia's Gain
Belarusian potash fertilizer exports continue to reach global markets, but now the flow passes through Russian ports, causing significant losses to Latvia's transit sector.
BNN · 7 h ago
Sheep farmers helpless against wolf attacks; farms await compensation solution
In recent years, wolves have caused significant financial losses to Latvian sheep farmers, but state compensation is not available for these attacks because wolves are not a protected species from hunting.
LSM (rus) · 7 h ago
US-Iran Deal Prompts Muted Oil Price Reaction, Markets Await Formal Signing
Oil prices saw only a modest decline after the US and Iran announced a tentative agreement, as markets had already priced in expectations and the deal remains fragile, requiring several months for full implementation.
Dienas Bizness · 8 h ago
US stock market climbs as US-Iran deal stirs hopes for end to energy chaos
US stocks rallied after a tentative US-Iran deal raised hopes of restoring stability to energy supply chains disrupted for months in the Strait of Hormuz.
Al Jazeera · 9 h ago
China to launch revolutionary digital currency payment system for cross-border settlements
China is preparing to introduce a digital currency payment system that could transform cross-border transactions, reduce reliance on the US dollar, and strengthen ties with Belt and Road partners, according to sources cited by the Financial Times.
LSM · 9 h ago
US fuel prices to take 'months' to normalise after US-Iran deal to end war
Following a preliminary deal to end the US-Israel war on Iran, oil prices have fallen, but experts warn that US consumers may wait months for significant relief at the pump due to supply chain bottlenecks and the time needed for recovery.
Al Jazeera · 11 h ago
Crude Oil Prices Drop as Markets React to U.S.-Iran Deal on Strait of Hormuz
Oil prices are falling after President Trump announced that the U.S. and Iran have agreed on a framework to reopen the Strait of Hormuz.
NPR World · 12 h ago
Macron: Tariffs won't solve US trade problems
French President Macron announced he will engage in a respectful but firm discussion with US President Trump over threatened 100% tariffs on French wine due to the digital tax.
LSM · 19 h ago
PM introduces 30-day moratorium on large ICT procurement in public sector
Latvian Prime Minister Andris Kulbergs has imposed a 30-day ban on large information and communication technology procurements in the public sector, with exceptions only for critical infrastructure, cybersecurity, and emergencies.
LSM (rus) · 19 h ago
Turkic states push for deeper economic integration at competition forum
At the third meeting of competition authorities of the Organisation of Turkic States in Shusha, Azerbaijan, officials stressed the need to move from theoretical discussions to practical cooperation on antitrust policy and regional economic integration.
Euronews · 21 h ago
SEP: Experience in Building Large Biomethane Stations in the US and Europe
SEP, a leading architecture firm in Latvia specializing in biogas and biomethane solutions, highlights its experience in constructing large stations in the US and Europe, with EGG ENERGY, a subsidiary of Balticovo, cited as a successful example in Latvia.
Dienas Bizness · 21 h ago
Trump Threatens France with 100% Tariff on Wine Imports Over Digital Tax
US President Donald Trump threatened to impose a 100% tariff on French wine and champagne imports if France does not repeal its 2019 digital services tax targeting American tech companies.
Dienas Bizness · 22 h ago
Shadow Economy in Latvia Grew to 21.8% of GDP
In 2025, Latvia's shadow economy reached 21.8% of GDP, an increase of 0.4 percentage points from the previous year, according to a study by SSE Riga.
LSM (rus) · 22 h ago
Fuel Sellers Don't Expect Quick Price Drop at Pumps
Major Estonian fuel sellers say that while a US-Iran peace deal should stabilize the market, a sharp drop in pump prices is not expected.
ERR (rus) · 23 h ago
New insurance niche: covering war risks in peacetime
Insurers in Latvia are launching a new service – war risk insurance during peacetime – responding to growing threats from military drones.
LSM (rus) · 23 h ago
Fox acquires streaming platform Roku in €19.1 billion cash-and-stock deal
Media giant Fox is buying Roku for about €19.1 billion, or $160 per share, merging Fox's content portfolio with Roku's platform and over 100 million global streaming households.
Euronews Business · 15 Jun, 15:20
Stūrmane: Exporters must catch the defense wave
Līva Stūrmane, the newly confirmed head of the Latvian Exporters Association The Red Jackets, says in an interview that exporters need to ride the current defense wave to improve the trade balance.
Dienas Bizness · 15 Jun, 15:20
Rietumu Banka Becomes Premium Partner of AmCham
Rietumu Banka has elevated its partnership with the American Chamber of Commerce in Latvia to Premium level, signaling deeper involvement in fostering business environment and investment.
Jauns.lv · 15 Jun, 14:20
New Insurance Niche: Military Risk Coverage in Peacetime
Some insurance companies in Latvia have started offering coverage for military risks in peacetime, responding to the growing damage caused by military drones.
LSM · 15 Jun, 14:20
Multiple US states subpoena OpenAI over ChatGPT user safety amid IPO push
Several US state attorneys general have demanded a wide range of documents from OpenAI about how ChatGPT protects users, posing a fresh challenge as the company prepares for a potential initial public offering.
Euronews Business · 15 Jun, 13:20