Category
Economy
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 · 1 h ago
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 · 1 h ago
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 · 2 h ago
Latvia weighs building autonomous vehicle plant with German firm HOLON
Latvian IT company dots. and German autonomous vehicle maker HOLON have agreed to explore setting up an autonomous vehicle manufacturing plant in Latvia along with pilot projects in cities and regions. The agreement was reached during a business visit to Germany organized by Latvia's Investment and Development Agency, attended by Economy Minister Viktors Valainis.
Dienas Bizness · 4 h ago
Turkey arrests Tera brokerage founder as fund probe hits 450,000 investors
Turkish authorities have arrested the founder of brokerage Tera Yatırım and several other executives amid a probe into investment funds accused of running a Ponzi-like scheme. More than 450,000 investors in 131 funds now face up to a six-month wait to find out how much of their money will be returned.
Euronews Business · 5 h ago
Signet Banka grants €4 million to develop SIA Agro-Kaķenieki
Signet Banka has provided €4 million in financing to Zemgale-based agricultural company SIA Agro-Kaķenieki to support its continued growth and competitiveness.
Dienas Bizness · 6 h ago
Estonia raises €373 million in short-term bond auction
Estonia issued €373 million in short-term bonds on Tuesday with solid investor demand, achieving average yields of 2.91% and 3.209% on six- and 12-month paper.
ERR News · 7 h ago
Dobele forum discusses future of Zemgale's agriculture and crisis readiness
A forum organized by Latvia's Ministry of Agriculture and the Rural Advisory and Training Centre took place in Dobele to discuss Zemgale's agricultural development and the new Agriculture Growth Plan for 2026–2036. Participants also addressed farms' readiness for emergencies, including power supply disruptions.
Jauns.lv · 8 h ago
Fiscal council warns Latvia's budget gap could near €1 billion by 2030
Latvia's Fiscal Discipline Council says that without real structural spending cuts and new revenue sources, the state budget's fiscal space could turn negative by more than €936 million in 2030. Uncertainty over airBaltic and Rail Baltica funding adds further risk.
Jauns.lv · 8 h ago
LDDK: Latvia's retail sector enters a period of transformation amid faster growth
Following a downturn in 2023, Latvia's retail trade is recovering with accelerated growth in 2026, though the sector faces shifting consumer habits and mounting competition, says LDDK's Gorkšs.
Dienas Bizness · 8 h ago
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Trump: US may halt diesel exports amid sharp rise in fuel prices
US President Donald Trump said on Tuesday that the country is considering halting diesel fuel exports as fuel prices rise sharply. Such a move could affect both the domestic US market and international fuel supplies.
Apollo.lv · 9 h ago
Why Is Latvia's Economy Growing Slower Than Lithuania's?
A rise in investment, stronger exports and less red tape are seen as key conditions for faster growth in Latvia's economy, which continues to lag behind neighbouring Lithuania.
LSM · 10 h ago
Trump signals support for US diesel export ban
US President Donald Trump said he is willing to back a ban on diesel fuel exports from the United States, following pressure from Republican lawmakers in farm states. The move could deal an additional blow to Europe, one of the largest importers of American diesel.
ERR (rus) · 10 h ago
Why airBaltic Is Restructuring in the US and What It Means for Passengers
National carrier airBaltic has launched a debt restructuring process in the United States under Chapter 11, backed by roughly €350 million in financing. Legal experts say flights should continue for now, though full financial stability is still a way off.
Žurnāls Ir · 11 h ago
Trump weighs halting diesel exports as US fuel prices surge
US President Donald Trump said the administration is considering restricting or fully halting diesel exports amid sharply rising domestic fuel prices. The move could also affect Europe, for which the US has become a key diesel supplier in recent years.
Dienas Bizness · 12 h ago
Shifts in global financial markets could put pressure on Latvia's budget
Since the start of the war in Iran and the rapid rise of artificial intelligence in the global financial system, significant changes have become noticeable, threatening difficulties for both states and private loan holders.
TVNET · 13 h ago
France expands targeted fuel price relief as costs squeeze businesses and workers
The French government is scaling up targeted financial support for those hit hardest by soaring fuel prices, adding €450 million in new measures. Total relief spending has now reached €1.4 billion.
France 24 · 15 h ago
Chinese president arrives in US with strengthened hand in energy markets
China's president has arrived in the United States as the Iran war boosts Beijing's leverage in global energy markets, leaving it with little incentive to yield to President Trump's demands.
Politico Europe · 17 h ago
Trump backs possible diesel export ban as fuel prices hit record highs
US President Donald Trump said he supports a potential ban on diesel exports as prices in the US and Europe reach record levels, with several Republican Senate candidates also pushing for the measure ahead of the midterms.
Guardian Ukraina · 18 h ago
DoorDash to pay $131.5m over underpaid New York delivery workers
DoorDash has agreed to pay $131.5m to settle a New York City investigation into underpaid and delayed wages for delivery workers, in what Mayor Zohran Mamdani called the city's largest labor enforcement action.
The Guardian World · 19 h ago
Bank of Estonia: export growth boosted by improving conditions in neighboring countries
The Bank of Estonia expects the economy to recover from its downturn as exports benefit from improving conditions in Latvia, Lithuania, Sweden and Finland, though rising government debt remains a long-term concern.
ERR (rus) · 20 h ago
Nasdaq nears fresh record as AI optimism reignites
The tech-heavy Nasdaq surged on renewed enthusiasm for artificial intelligence products, particularly Meta's new Muse tool, pushing the index toward its first record high since June.
2 avoti · 23 h ago
PM Kulbergs: Latvia secures three-year extension of EU sanctions against Russia
Latvian Prime Minister Andris Kulbergs says the country has helped preserve and extend for three years EU sanctions against more than 2,600 supporters of Russia's war, while also agreeing on closer defense cooperation with France.
Dienas Bizness · 23 h ago
Influential Republicans Push Trump to Ban US Diesel Exports
Prominent Republican lawmakers from farm states are urging President Trump to ban diesel exports as fuel prices hit record highs ahead of midterm elections. The White House has so far dismissed such restrictions as ineffective.
ERR (rus) · 23 h ago
Poland debates income threshold for widow's pension
Poland's social insurance institution ZUS says around 1.1 million people have received at least one widow's pension payment since the program began, while economists are calling for an income criterion to curb its rising costs.
PolsatNews.pl · 22 Sept, 16:56
ECB pushes for tougher EU crypto rules and broader ban on stablecoin interest
The European Central Bank is calling for an extended ban on stablecoin interest payments and stricter EU-wide rules on crypto exchanges and staking, as part of the review of the bloc's MiCA crypto regulation.
Euronews Business · 22 Sept, 16:49
Six-month Euribor keeps climbing, nearing the 3% mark
The six-month Euribor rate, to which most Estonian home loans are tied, rose again at the start of this week, reaching its highest level in nearly two years. The rate is now less than a hundredth of a percentage point away from 3%.
ERR (rus) · 22 Sept, 14:47
Ratcliffe's Ineos halts production at UK plants over gas costs
Billionaire Sir Jim Ratcliffe's Ineos has suspended production at three Hull plants, saying UK gas prices are far higher than in the US and China. The move could affect up to 1,000 workers.
BBC England · 22 Sept, 14:44
Latvia's Economy Ministry proposes fuel VAT cut — prices could drop 17 cents per liter
Latvia's Economy Ministry has proposed lowering VAT on fuel from 21% to 12%, which could reduce diesel prices by 16–17 cents per liter and gasoline by 14–15 cents, but only if retailers pass the full discount on to consumers.
Jauns.lv · 22 Sept, 13:48
Wildberries Launches Test Ride-Hailing Service in Armenia
Russian retailer Wildberries & Russ has begun early testing of its WB Taxi ride-hailing service in Yerevan, aiming to challenge Yandex's regional dominance. Armenia is now the fourth country where the service is available.
The Moscow Times · 22 Sept, 13:45