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OECD: Latvia’s economic growth to be slowest among Baltic states

The Organization for Economic Cooperation and Development (OECD) in its latest forecast predicts that Latvia’s economic growth will be slo...

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Maxima Latvija achieves strong growth in 2018

Maxima Latvija has demonstrated strategic expansion ambitions and reported strong growth figures in its audited results for 2018. The operations...

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Latvia's tax revenue 3.7% above target in four months

RIGA - During the first four months of this year, the State Revenue Service collected EUR 2.978 billion in taxes, beating the four-month tax rev...

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Winner announced in the second detailed technical design tender for the Rail Baltica main line in Estonia

RIGA – The joint venture of the Rail Baltica project RB Rail AS has announced the winner of the “Design and design supervision servi...

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airBaltic reaches 59% market share in Riga in April

RIGA - Latvian airline airBaltic in April 2019 has transported 412 682 passengers or 23% more than last year to its network spanning Europe, Sca...

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Popular European countries for business expansion

In Europe, numerous countries offer the possibility of expanding a business; more importantly, a wide range of European countries offer attracti...

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Despite the stable economic growth, the shadow economy in Latvia has increased in 2018 by 2.2% percent compared to 2017

The latest SSE Riga “Shadow Economy Index in the Baltic States” shows a worrying trend; with overall economic growth in Latvia, the ...

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More empty showcases in Vilnius’ Old Town — such a choice of premises has not been seen for a long time

The development of Vilnius Old Town, the resurrection of some of its territories for a new life and the return of the rhythm of urban life to th...

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Nordic Aviation Group served over 2.2 million passengers in 2018

The consolidated Nordic Aviation Group, the Estonian flag carrier, served over 2.2 million passengers in 2018. The newly released figure is...

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Study: Facebook, Google command 40 pct of online ad market in Estonia

TALLINN - The share of Facebook and Google in Estonia's online advertising market in 2018 was 40 percent, or 13 million euros, it appears fr...

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