Economy Roundup for 9 October: Lithuania's Russian Grain Transit Proposal, airBaltic Flight Changes
The business news outlet Delfi Bizness published its daily economy digest for 9 October, covering Lithuania's plan to seek a ban on Russian grain transit through the EU and airBaltic's flight cancellations. It also touches on Riga apartment prices and the crisis in Europe's car industry.
The Latvian news outlet Delfi Bizness published its daily summary of key business and economic developments in Latvia and around the world on Friday, 9 October. The digest briefly covers topics ranging from trade and aviation to the property market and entrepreneurship.
Transit and international trade
Lithuania intends to propose to the European Union (EU) that Russian grain transit through the bloc be banned. The digest also notes that Lithuania and Poland have agreed on an important issue, though the summary does not say what it is. It further mentions that a European bank investment fund has been set up.
Aviation and business
airBaltic, the Latvian airline, is cancelling and reducing flights on several routes. The digest also points to a growing desire among people to become entrepreneurs. A new cosmetics and household goods retail chain is set to enter the Baltic market, while the digest asks whether Starbucks cafés will finally arrive.
Other topics
The roundup looks at how much standard-series apartment prices in Riga have risen since the start of the year, and at why, in the authors' view, the crisis in Europe's car manufacturing sector is self-inflicted. It mentions a request for funds to build up food reserves and the departure of the interim head of a Lithuanian airport operator.
The summary also lists conclusions about the wood pellet market, an item on a ban on using police premises, and an announcement of a free workshop on repairing electrical appliances. In Italy, thieves are reported to have made an impressive haul, but the source excerpt gives no further details.
