Category
Economy
EU Gas Storage at Lowest Level Since 2011 as Ministers Delay Decisions
EU gas storage sites were 74% full on 20 October, the lowest figure since 2011. Energy ministers discussed four packages of measures in Luxembourg on 29 October but made no concrete decisions.
Latvijas Avīze · 3 h ago
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airBaltic hires UK law firm Fladgate for fleet contract restructuring
Latvia's national airline airBaltic has notified a US court that it is adding London-based Fladgate LLP to restructure aircraft and engine lease and financing deals. Objections can be filed until 13 November.
TVNET · 5 h ago
Household appliances that keep draining energy even when not in use
British newspaper The Sun reports that several appliances in the home use a lot of electricity and quietly drain household budgets. Experts say switching them off when idle can bring considerable savings over a year.
Latvijas Avīze · 10 h ago
US presses China to uphold commitments under Busan trade deal
The US Treasury Secretary and Trade Representative urged China's vice premier in a video call to promptly implement the 2025 accord, including on rare earths and agricultural purchases. Beijing voiced concern over recent US trade restrictions.
Deutsche Welle · 11 h ago
US Treasury Sanctions Eight Canadian Currency Exchange Firms Over Iran Links
The US Treasury on Friday sanctioned eight Canadian currency-exchange businesses it accuses of helping Iranian entities evade financial sanctions. A separate order also targeted the crypto exchange MEXC Global.
Al Jazeera · 11 h ago
Riga Ferris Wheel Operator Ends Year With €381,002 Net Loss
The "Riga Rise" Ferris wheel in Victory Park, Riga, does not lack visitors, yet its operating company posted a net loss of €381,002 for the year. The news portal TVNET+ examined its financial reports and its ties with the city.
TVNET · 13 h ago
Uzbekistan Reports Record Cotton Harvest, President Sets Higher Yield Target for 2027
Uzbekistan harvested over five million tonnes of raw cotton in 2026, its biggest crop since independence in 1991. President Shavkat Mirziyoyev has set a higher average yield goal for next year.
Euronews Business · 17 h ago
France's rising debt servicing costs threaten financial stability
France's public debt stands at around 120% of GDP, and its borrowing-cost gap over German bonds is the widest since the eurozone crisis. Economists warn interest payments will climb sharply, yet the issue barely registers in political debate.
Deutsche Welle · 17 h ago
IMF: Kazakhstan's Growth to Accelerate to 4.9% in 2027
The International Monetary Fund projects Kazakhstan's economy will grow 4.9% in 2027, after 4.4% this year. It names the closure of the Strait of Hormuz and the US-Iran conflict as a key risk.
Euronews · 17 h ago
Russian company profits fall, making debt repayment ever harder
The combined financial result of Russian companies fell to 12 trillion rubles in the first half of this year. In the first nine months, 33 companies have technically defaulted on bonds.
TVNET · 17 h ago
Baku hosts first international real estate exhibition AIREX 2026
Azerbaijan's capital Baku held its first international real estate exhibition, AIREX 2026, this week. It covered market growth, affordable housing projects and the impact of technology on the property sector.
Euronews Business · 19 h ago
Latvian Startup Awards 2026: From Drones to Space, Top Startups Honoured in Riga
The annual Latvian Startup Awards 2026 were presented in Riga on 6 November across seven categories. Winners include defence, space, medical data and fintech companies.
LSM (rus) · 19 h ago
Tourism in Latvia's eastern border region starts to recover after spring drop
Tourism activity in Latvia's eastern border region exceeded last year's level in August, after mass cancellations following May airspace threats and drone activity. The government reviewed the Ministry of Economics report on 6 November.
Jauns.lv · 20 h ago
Spain and the Netherlands compete for a top seat at the European Central Bank
Spain and the Netherlands are backing their candidates, Hernández de Cos and Knot, for the ECB executive board seat Isabel Schnabel will vacate in January. Eurozone finance ministers will discuss it on Monday, and the candidate deadline is Nov. 27.
Politico Europe · 21 h ago
Azerbaijan and Ukraine agree energy and trade cooperation plan through 2027
The Azerbaijan-Ukraine intergovernmental commission in Uzhhorod adopted an action plan for 2026–2027 covering 14 sectors. Azerbaijan also delivered a new emergency energy equipment shipment worth $1.47 million.
Euronews Business · 6 Nov, 16:11
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Finance Ministry: Latvia's GDP to Grow 2.4% This Year, but 2027 Budget Faces a €117.7 Million Gap
Latvia's Finance Ministry has raised its GDP growth forecast for this year to 2.4%, while lowering next year's to 1.9%. The 2027 budget preparation must offset a negative fiscal space of €117.7 million.
TVNET · 6 Nov, 16:11
SEB's "(ie)dvesma" grant winners to be announced on 10 November
SEB bank will announce this year's business grant recipients of its "(ie)dvesma" programme during a live event on 10 November. The programme is marking its 10th anniversary.
Delfi · 6 Nov, 15:12
Froneri Latvia Invests €12,000 in Two New Ice Cream Products
Ice cream maker Froneri Latvia has launched two new ice creams, Tio milk caramel and Karlsons vanilla with cherry sauce, investing €12,000 in their development. The company operates in Latvia following the sale of Food Union's ice cream business.
Dienas Bizness · 6 Nov, 14:11
Tech stock rout driven by US AI fears spreads to Asian markets
Fears that the Democrats' win in the US midterm elections will bring tighter AI regulation and slower data centre construction have pushed tech stocks lower in Asia. Trading was briefly halted in South Korea.
Al Jazeera · 6 Nov, 11:12
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Natural resource tax to cover fuel filters in Latvia from 2027
The Latvian government has backed amendments to the Natural Resource Tax Law that extend the tax to fuel filters from 2027 and change rates for oil filters and batteries. The changes also affect fishing gear, tyre tax oversight and exemptions for solar power equipment.
TVNET · 6 Nov, 11:11
Merko Mājas Seals Time Capsule Into Foundations of Final Building in Magnolijas Project in Šampēteris
Construction company Merko mājas has walled a time capsule into the foundations of the second-phase building of its Magnolijas residential project in Šampēteris. The building will contain 61 apartments, due for completion in summer 2027.
Dienas Bizness · 6 Nov, 09:13
Birch Pulpwood Prices at Latvian Ports Keep Rising
Purchase prices for birch pulpwood and packaging wood in Latvia have reached record highs, driven by a wood shortage in the Nordics and competition from plywood makers. Experts at the forest auction platform E-silva warn the increase is not limitless.
Dienas Bizness · 6 Nov, 08:10
Tech Stocks Plunge as US Midterm Results Fuel Fears of Tighter AI Regulation
Technology shares tumbled across Asia on Friday after a Wall Street rout, as investors worried that Democrats' strong midterm showing will bring tougher rules for the artificial intelligence industry. The Nasdaq fell 5.5 percent.
France 24 · 6 Nov, 07:12
Latvia's student numbers have fallen about 42% since 2005
Latvian universities and colleges had 76,400 students in the 2025/2026 academic year, against 131,100 in 2005. An opinion piece in business daily Dienas Bizness calls for stable funding and equal competition among institutions.
Dienas Bizness · 6 Nov, 06:11
European Commission proposes easier work and diploma recognition across EU states
In mid-September the European Commission presented a package of five legislative proposals to cut red tape and speed up qualification recognition in the EU. The European Parliament and the Council of the EU still have to adopt them.
Apollo.lv · 6 Nov, 03:13
US stocks tumble as tech firms lose hundreds of billions after midterm elections
US tech stocks plunged after the midterm elections, in which Democrats won control of Congress. The Nasdaq closed down more than 5.5% amid fears of a slowdown in AI development.
BBC World · 6 Nov, 02:11
Collapse of Ueno Bank in Paraguay leads President Santiago Peña to resign
Paraguayan President Santiago Peña is stepping down after the central bank took over the fast-growing Ueno Bank on 3 November. Customers are locked out of their money and the bank's executives have been arrested.
Euronews Business · 6 Nov, 00:13
Experts in Lagos urge urgent reforms to boost trade between African countries
At the Moonshot 2026 forum in Lagos, Nigeria, experts said trade among African countries is still below 17% of the continent's total trade. They called for removing barriers so the continental free trade area can become a genuine single market.
Euronews Business · 5 Nov, 22:11
Putin places Russian operations of tobacco giant JTI under state control
Russian President Vladimir Putin has ordered by decree that Japan Tobacco International's Russian businesses be transferred to a state-linked holding company. JTI is Russia's largest cigarette maker, with about 40% of the market.
Euronews · 5 Nov, 19:12
Latvian Power Exchange Prices Climb to Over 34 Cents per Kilowatt-Hour This Week
The average Nord Pool electricity price in Latvia hit 344.92 euros per megawatt-hour on 2 November, roughly three times the September average. The swings within a day have revived debate about running appliances during the cheapest hours.
Latvijas Avīze · 5 Nov, 16:12