The interest rate on home loans reached its highest level in 14 years during the second quarter. The current interest rate of 5.12% is more than 3% higher than during the second quarter of last year. “The main driver of the rise in borrowing costs has been the European Central Bank’s monetary policy, which has…
Result of surveys among Baltic residents show that only 7% of people in Latvia invest in the stock market, whereas in Estonia this number goes up to 16%. What are the main reasons for Latvian residents’ reluctance to engage in the stock market and why do people in Estonia seem more financially literate in this…
The prime ministers of Estonia, Latvia and Lithuania signed a joint declaration on August 3, agreeing to step up preparations and the deadline for joining the continental European power grid. Estonia is set to leave the Russian grid a year ahead of schedule. The Baltic States joining the grid was agreed between the three countries,…
Prices of the same goods can differ by a few euros from Lidl stores in one country to the next. Some differences are to the cost of Estonian customers, while others work to their benefit. The price of food has been growing rapidly in Estonia over the past year, which has sparked questions of whether…
The prices of various food products sold in Rimi stores in Baltic States do not differ much. The difference is generally less than 1%, LLC Rimi Latvia Marketing and Public Relations Department’s manager Kristine Ciemite has said, commenting on the recent price survey performed by the Institute of Agro-Resources and Economics (AREI) in Latvia, Lithuania…
The Baltic States are ready to offer five large ports within their borders to contribute to the export of Ukrainian grain to the global markets. The relevant statement was made by Lithuanian Foreign Affairs Minister Gabrielius Landsbergis on Twitter. “The Baltic States have five ports that could be used to safely export much more of…
Lithuanian, Latvian and Estonian energy ministers agreed in Riga on July 25 to jointly work towards synchronisation of their countries’ power grids with continental European grids until February 2025 at the latest. The documents enshrining the agreement are to be signed between the Baltic prime ministers and transmission system operators in early August. As part…