Category
Economy
Intermarché boss sticks to call to suspend French energy-savings certificates, but admits risks
Thierry Cotillard, head of French retail chain Intermarché, repeated his call to suspend France's energy savings certificates (CEE) scheme at the POLITICO Playbook Paris Live summit, while acknowledging it would be hard for a government to relaunch the system once halted.
Politico Europe · 51 min ago
Dangote Plans to Expand Energy Business Across Africa
Nigeria's Dangote Group is preparing to list its refinery in what could become Africa's largest-ever IPO, while pursuing energy projects across several African markets. The expansion brings new challenges, from raising capital to managing currency risk.
Euronews Business · 1 h ago
Germany and Spain clash over scope of EU's 'Made in Europe' push
EU member states remain divided over how broadly to define a European preference scheme for public procurement, with Germany favoring an inclusive approach and France and Spain pushing for stricter rules. A compromise is hoped for by November.
Politico Europe · 1 h ago
Fuel excise tax to be cut from October through year-end
The Saeima has passed in final reading amendments that will further reduce the excise tax on diesel and lower the rate on unleaded petrol until the end of the year. The move is expected to cut fuel prices by roughly eight cents per litre.
LSM (rus) · 3 h ago
Europe shrugs off Trump's threatened diesel export ban despite supply warnings
Although the US is weighing a 90-day ban on diesel exports that could significantly disrupt European supply, most European governments are reacting calmly, calling such a move unlikely.
Politico Europe · 6 h ago
Saeima approves fuel excise tax cut — 8 cents instead of promised 20
Latvia's parliament has given final approval to a temporary cut in fuel excise duty, expected to lower retail fuel prices by about 8 cents per liter — far less than the 20-cent reduction the prime minister had earlier promised.
Delfi · 7 h ago
Economist Voļskis: Next Saeima should create a fund to manage second-pillar pension savings
Economist Edgars Voļskis is calling for the next Saeima to establish a dedicated fund to manage Latvians' second-pillar pension savings. He also stresses that population numbers should be stabilized over the next four years.
LSM · 7 h ago
Money-laundering scheme behind unlicensed casinos reveals Latvian links
A journalistic investigation found that at least 24 Estonian companies whose owners or directors are from Latvia were used in a money-laundering scheme tied to unlicensed online casinos. Latvian banks and payment institutions were also involved, though authorities say they cannot disclose details of specific transactions.
BNN · 7 h ago
airBaltic had amassed €503 million in debt on day of Chapter 11 filing
Court filings reveal that when airBaltic filed for Chapter 11 restructuring, it carried over €500 million in debt and nearly €856 million in leasing obligations, while holding just over €1 million in cash.
BNN · 8 h ago
Riga's "Dzirciema Pagalms" project to invest €4.5 million in second building
The second building of Riga's "Dzirciema Pagalms" residential project will include 42 apartments, with the entire 114-apartment complex due for completion by summer 2028. Total investment in the project reaches €11.5 million.
Dienas Bizness · 8 h ago
Trump's possible cut to US diesel exports threatens surge in Australian fuel prices
Australian diesel prices could rise above $3 a litre if the Trump administration restricts US diesel exports amid tensions with Iran, adding to inflation pressure and making a further interest rate rise more likely.
The Guardian World · 9 h ago
Ryanair CEO warns airfares could rise 10-20% if oil prices stay high
Ryanair CEO Michael O'Leary has warned that airfares could increase by 10-20% by summer 2027 if oil prices remain at their current elevated level. He linked the potential price hike directly to fuel cost trends.
LSM · 9 h ago
Global Stocks Fall as Oil Prices Rise on Wednesday
World stock markets declined on Wednesday while oil prices rebounded after several sessions of losses, driven by the US Federal Reserve's rate decision and rising Treasury yields.
Dienas Bizness · 9 h ago
UK losing up to £6.5bn a year in EU trade due to mismatched product rules
A think tank estimates the UK loses between £3.7bn and £6.5bn annually because London and Brussels lack a deal allowing mutual recognition of product testing. Car, electronics and pharmaceutical exports are hit hardest.
The Guardian World · 11 h ago
Europe's fuel crisis fuels oil stock rally of up to 87% in 2026
While European drivers face record pump prices, oil and gas companies are enjoying a remarkable year as refining margins surge. Shares of the ten best-performing European oil companies have risen between 40% and nearly 90% since January.
Euronews Business · 11 h ago
European Commission plans to halve cod bycatch quotas in the Baltic Sea
The European Commission has proposed cutting allowable bycatch limits for Eastern Baltic cod in half, a move that could significantly affect fishermen in South Kurzeme, in Liepāja and Pāvilosta.
LSM (rus) · 11 h ago
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Kols: EU and US still have not agreed on steel and aluminum tariffs
European Parliament member Rihards Kols has said that EU-US trade talks have not yet resolved the issue of steel and aluminum tariffs, which reach as high as 50% for certain products.
TVNET · 11 h ago
Calling staff back to the office means little without a workplace ready for them
AJ Produkti board member Zane Beķere argues that calls for employees to return to offices often overlook whether workplaces have actually been adapted for full-time in-person work, after many were redesigned for hybrid setups. A survey found many Latvian workers still consider their workspace inadequate.
Žurnāls Ir · 12 h ago
Saeima to vote on fuel price cut and wide range of bills
Saeima's Budget and Finance Committee has requested urgent inclusion of amendments that could lower fuel prices by about eight cents per litre, alongside a broad agenda of legislation on September 24.
Dienas Bizness · 12 h ago
How large a savings buffer should you keep for financial emergencies
When illness or job loss strikes, state benefits in Latvia don't fully replace lost income, so financial experts recommend building a personal reserve tailored to each household's situation.The article outlines state and municipal support available and expert advice on sizing a financial safety cushion.
Jauns.lv · 12 h ago
Why owning a home is becoming harder for young Europeans
OECD data show that homeownership among younger generations in Europe is steadily declining compared with previous generations at the same age. Experts cite rising mortgage costs, a growing gap between prices and wages, and shifts in the labour market.
Jauns.lv · 13 h ago
US and China agree to extend trade truce by two months
Treasury Secretary Scott Bessent announced that Washington and Beijing have agreed to extend their trade truce for two months, setting a new deadline for early next year. The announcement came shortly after Chinese leader Xi Jinping arrived in Washington for a two-day visit.
Politico Europe · 15 h ago
Russia's cash in circulation up 2.5 trillion rubles this year, prompting central bank to demand stricter bank scrutiny
Russia's central bank plans new recommendations urging banks to scrutinize the source of clients' cash more closely, after cash in circulation grew by 2.5 trillion rubles since the start of the year. Officials link the surge to unknown-origin funds and illegal cryptocurrency exchanges.
Meduza · 21 h ago
Without reopening the Strait of Hormuz, high fuel prices may become the norm
The EU paid nearly €10 billion more for oil imports in the second quarter than a year earlier, even though import volumes barely changed. Experts warn high fuel prices could become a lasting reality unless the Strait of Hormuz situation is resolved.
ERR (rus) · 22 h ago
Latvia moves to criminalize cartels as Estonia chooses opposite path
Latvia is set to criminalize prohibited agreements in procurement this year, shifting from administrative to criminal liability, while Estonia decriminalized cartels last year for the opposite reason.
Dienas Bizness · 22 h ago
Airtel Money to list in London, but listings drought not over yet
African payments firm Airtel Money is set to list on the London Stock Exchange with a valuation of £6-7bn, though analysts say it doesn't yet signal a real turnaround for London's IPO market.
The Guardian World · 23 h ago
Fuel prices become flashpoint in France's presidential race
Record-high fuel prices in France have sparked public anger and protests, turning energy costs into a major issue ahead of next year's presidential election.
Euronews Business · 23 h ago
Legal expert warns new criminal law on procurement cartels could backfire
Legal commentator Romāns Meļņiks warns that a new Criminal Law article on procurement cartels, rushed through parliament before elections, may create more problems than it solves. He calls for careful evaluation of evidentiary challenges and comparison with Estonia, which decriminalized similar violations last year.
Latvijas Avīze · 23 Sept, 17:43
Valmiera plans 120 more low-rent apartments
The city of Valmiera is preparing a new low-rent housing project with 120 apartments aimed at families and skilled workers. Construction could begin in spring 2027 and finish by 2029.
Dienas Bizness · 23 Sept, 16:46
NAB hit by major internet and mobile banking outage in Australia
Australia's National Australia Bank suffered a widespread digital outage on Wednesday, 23 September, leaving customers unable to access internet banking, the mobile app and other services; most services were restored later in the day.
3 avoti · 23 Sept, 15:54