Price and Tax Increases to Cost Estonians Hundreds of Euros in 2025
By journalist Ain Alvela. The coming year brings several new tax increases in Estonia as price increases show no signs of slowing down. At the same time the government placed [..]
Rimi Lithuania H1 revenue up 5.4 pct to EUR 230 mln
Rimi Lietuva, one of Lithuania’s biggest supermarket chains, posted a 5.4 percent annual increase in revenue to 230.3 million euros, excluding VAT, for the first half of this year. In [..]
Gas price drops 3 pct in Lithuania in July m/m, goes up 10 pct y/y
The average market gas price in Lithuania dropped 3 percent to 38.69 euros per MWh in July, from June, but rose 10 percent year-on-year, the GET Baltic gas exchange said [..]
Swedbank: Some 38,000 people in Estonia have increased 2nd pillar contributions
During the first half of 2024, almost 38,000 people in Estonia submitted applications to increase their monthly contributions to the second pension pillar from next year. More than half of [..]
Lithuanian govt in favor of obliging banks to also provide fixed-rate loans
The Lithuanian government on Friday agreed to oblige financial institutions to provide consumers with a real opportunity to choose the type of credit interest rates and to get loans with [..]
CVKeskus: Salary offers in Estonia up 13 pct on year in Q1
The average gross salary range offered in job listings in Estonia during the first quarter of 2024 was between 1,660 and 2,244 euros, a 13 percent increase compared to the [..]
Lithuania’s Verslo Zinios sells job ad website cv.lt
Lithuania’s media company Verslo Zinios has sold its job ad website cv.lt to CV Keskus, an Estonian company that is part of the Swiss media group Ringier, Verslo Zinios said [..]
Fitch Ratings has affirmed Estonia’s long-term foreign-currency issuer default rating (IDR) at A+ with a stable outlook. Estonia’s A+ ratings reflect strong governance standards and institutions underpinned by EU and [..]
Minimum monthly wage in Latvia increases to EUR 700
The minimum monthly wage in Latvia increases from EUR 620 to EUR 700 as of the 1st of January, according to amendments to Cabinet regulations that came into force on [..]
Bank of Latvia leaves inflation forecast for this year at 9%
The Bank of Latvia has left its inflation forecast for 2023 at 9 percent, LETA was told at the central bank. In the following years, Latvian inflation is expected to [..]
Latvian household income rose by 9.1% in 2022 – reached EUR 740 per household member monthly
In 2022, compared to 2021, household disposable income increased by EUR 62 or 9.1 percent and reached EUR 740 per household member monthly, according to results from a survey conducted [..]
Support worth 30% of interest to be paid to mortgage borrowers next year
The Saeima on Wednesday passed in the final reading amendments enabling the provision of state support to mortgage borrowers in the amount of 30 percent of their interest payments, but [..]
Gas prices for Lithuanian households may fall 4-7 cents from January – regulator
Natural gas prices for households in Lithuania may go down by 4-7 euro cents per cubic meter from January, compared to the price they currently pay, Renatas Pocius, chairman of [..]
Saeima endorses single tax rate of 25% for all micro-enterprises
The Saeima on Thursday endorsed draft amendments to the Micro-enterprise Tax Law setting a single 25 percent tax rate for all micro-enterprises. The government adopted the draft amendments as part [..]
EUR 16 million needed to apply 12% VAT on fresh fruit and vegetables
In order to apply the reduced 12 percent value added tax (VAT) rate on fresh fruit and vegetables next year, the government needs to provide EUR 16 million in the [..]
In October 2023 Latvian consumer prices declined 0.4 percent from this past September as the annual inflation rate (October 2023 against October 2022) dropped to 2.1 percent from 3.3 percent [..]
Coalition agrees to apply reduced 12% VAT rate on fresh fruit and vegetables
The government coalition on Monday agreed to apply a reduced 12 percent value added tax (VAT) rate on fresh fruit and vegetables next year, Prime Minister Evika Silina (New Unity) [..]
Survey: Less than half of employers in Estonia planning pay hikes
According to the autumn labor market survey by wage information agency Palgainfo Agentuur and job classifieds portal CVkeskus.ee, almost one in three employers in Estonia are sure that they will [..]
Tax debts in Latvia up to EUR 856.5 million in early October
At the beginning of October 2023, tax debts in Latvia totaled EUR 856.471 million, which is 0.5 percent more from September, but a 2.3 percent decrease from the beginning of [..]