EconomicChallenges

Bureaucracy, energy, taxes remain main problems in Latvia, Europe: expert

Current problems in Europe are the same as in Latvia – energy, bureaucracy and taxes, the president of the Latvian Chamber of Commerce and Industry (LCCI), Aigars Rostovskis, said at [..]

Economist: Estonia taking decisions which will harm economic well-being

Raul Eamets, chief economist at Bigbank, has said that economic forecasts published by the Bank of Estonia on Tuesday show that the government’s economic policy decisions will reduce the economic [..]

Estonian survey: 46 pct of entrepreneurs view economic climate negatively

One-third of Estonian entrepreneurs plan to invest in growth in the coming year, but nearly half rate the current economic climate negatively The results of a survey conducted in August [..]

Estonian survey: For large proportion of workers, expenses eat up most of their wages

A large portion of employees in Estonia find themselves in a financially difficult situation after covering their monthly expenses, with only a small percentage able to set aside a significant [..]

Tax reform will respond to economic development challenges – Silina

The tax reform proposed by the government will most likely respond to the challenges of the economic development, Prime Minister Evika Silina (New Unity) said in an interview with the [..]

Companies may have to take difficult decisions to cut costs

Companies may have to make unpleasant decisions on cost-cutting, because although inflation is no longer rising significantly, the level of costs has not fallen and it is becoming increasingly difficult [..]

Luminor: People still aspiring to own their home in Estonia despite economic challenges

Data on issued mortgage loans indicate that acquiring a home remains a priority for people even in the current challenging economic climate, somewhat aided by the real estate price surge [..]

Alar Karis: Being able to find optimism top issue for Estonia’s economy today

President Alar Karis said in his Independence Day speech on Saturday that lately, negative news about Estonia’s economy stands out the most, yet he is convinced that finding necessary optimism [..]

126,000 people in Latvia have legal incomes below EUR 1,000 per year – new Revenue Service head

The newly appointed Director General of the State Revenue Service Baiba Smite-Roke said in an interview with commercial TV3 television today legal income of 126,000 people in Latvia does not [..]

Inflation and healthcare main problems in Latvia – Eurobarometer

Almost half or 49 percent of Latvian residents consider price growth, inflation and the cost of living to be the most important problems in the country, according to a Eurobarometer [..]

Estonia: Number of people living in absolute poverty rises 2.5 times on year in 2022

According to Statistics Estonia, 22.5 percent of Estonia’s population lived at risk of poverty and 3.5 percent in absolute poverty in 2022 and compared with 2021, the share of people [..]